The 1st of January 2013 have entered in force the following increases of taxes in sales of properties:
– For new properties: VAT is now 10 %, for the whole Spanish territory
– For resales: Transfer tax has been increased to 8 %. This is only for Valencia Region and other Regions. Murcia, by the moment, keeps the 7%.
Thus, sales completed from now on, will be taxed with the above percentages.
For more information, be kindly invited to consult us.