A question about IVA for an estate agent

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Monday, July 09, 2007 ef Ático I'm in Oxfordshire / Casares, CDS I've made 149 posts Send private message to ef	I'm sure I've read somewhere that IVA is different for new builds and resales. Can someone knowleadgeable give me an answer, please? Thank you. Spam post? If so please click here to report it
09 Jul 2007 1:08 PM georgia Villa I'm in Algorfa (As seen on TV!!!) I've made 1198 posts Send private message to georgia	Hi Ef, You only pay 7% IVA on a new property. Unfortunately you will also pay 7% on a resale ,the only difference is the terminology,on a resale it is transmission or transfer tax. So whatever you choose to buy the government win all hands down. Hope this helps Georgia _______________________ "if you tell the truth you don't have to remember anything" Spam post? If so please click here to report it
09 Jul 2007 1:47 PM ef Ático I'm in Oxfordshire / Casares, CDS I've made 149 posts Send private message to ef	Thanks Georgia! Spam post? If so please click here to report it
09 Jul 2007 2:42 PM morerosado EOS Superstar I'm in Somerset, UK / Guardamar Del Segura on the Costa Blanca I've made 5674 posts Send private message to morerosado	I knew that "you only pay 7% IVA on a new property.Unfortunately you will also pay 7% on a resale, the only difference is the terminology, on a resale it is transmission or transfer tax." But I wanted Georgia to tell you, ef ! How's you, Georgia ? _______________________ More is listening to http://www.wave106fm.com/ coming from Spain, as I post. Spam post? If so please click here to report it
09 Jul 2007 3:00 PM georgia Villa I'm in Algorfa (As seen on TV!!!) I've made 1198 posts Send private message to georgia	Hi Morerosado, Really, really, really busy,there seems to be a return to confidence at the moment and property is starting to move again. Last week and continuing this week it's the festival in Algorfa. Skipped the bullfight on Staurday,not my thing,did the beer and sardine breakfast on sunday and going to the baby bull thingy tonight,not sure what exactly that entails but i am assured that there is no cruelty involved We have the circus in Guardamar soon so spoilt for choice over what to do in the evenings at the minute. Still damnnnnnnnnn hot! Georgia x _______________________ "if you tell the truth you don't have to remember anything" Spam post? If so please click here to report it
09 Jul 2007 3:04 PM morerosado EOS Superstar I'm in Somerset, UK / Guardamar Del Segura on the Costa Blanca I've made 5674 posts Send private message to morerosado	And your ma-in-law ? Is her arm going to be ok ? _______________________ More is listening to http://www.wave106fm.com/ coming from Spain, as I post. Spam post? If so please click here to report it
09 Jul 2007 3:20 PM georgia Villa I'm in Algorfa (As seen on TV!!!) I've made 1198 posts Send private message to georgia	dunno,she goes abck to vega baja on monday for x-ray to see how long the cast has to stay on for? Hopefrully it won't be too long,she has not been in the best of moods and her arm is sweating like a virgin on prom night! It has also limited her pasta making skills! She goes to the hospital the same day the next additions arrive,the father in law and my two nieces. The house is gonna start bulging at the seems soon. Georgia _______________________ "if you tell the truth you don't have to remember anything" Spam post? If so please click here to report it
09 Jul 2007 4:17 PM Smiley EOS Superstar I'm in Nueva Andalucia I've made 2094 posts Send private message to Smiley	Hi EF you should also be aware that on brand new property there is a 1% stamp duty which you do not pay when purchasing a resale. _______________________ *Smiley* - patrick@marbellamortgages.com www.marbellamortgages.com *Sarcasm is the lowest form of wit .....but any form of wit is an achievement* NO MATTER HOW MUCH MONEY YOU HAVE GOT, IF YOU HAVE NOBODY TO SHARE IT WITH, THEN ITS JUST NUMBERS IN THE BANK. TO ESCAPE CRITICISM DO NOTHING, SAY NOTHING, BE NOTHING! Spam post? If so please click here to report it
09 Jul 2007 5:01 PM ef Ático I'm in Oxfordshire / Casares, CDS I've made 149 posts Send private message to ef	Thanks Patrick, what constitutes a brand new property for this 1%? ie if the original developer sells an offplan to an intermediary who then sells it to me still offplan, who pays the 1%? Spam post? If so please click here to report it
09 Jul 2007 5:42 PM Smiley EOS Superstar I'm in Nueva Andalucia I've made 2094 posts Send private message to Smiley	If the investor has completed on the property then he has paid the 1% Title Deed Stamp Duty. If he simply sells on his contract the 1% is down to the first registered owner. Have care though if you are buying the contract from the investor as there is a liability in the eyes of the Tax office for 7% transfer tax on the value of the contract that is sold to you and also the 7% IVA that results from the purchase from the developer. This used to be simply by passed by the developer tearing up the contract but Hacienda have introduced controls to ensure that all necessary taxes should be met so ensure you get clarification from your lawyer as to exactly what is happening. _______________________ *Smiley* - patrick@marbellamortgages.com www.marbellamortgages.com *Sarcasm is the lowest form of wit .....but any form of wit is an achievement* NO MATTER HOW MUCH MONEY YOU HAVE GOT, IF YOU HAVE NOBODY TO SHARE IT WITH, THEN ITS JUST NUMBERS IN THE BANK. TO ESCAPE CRITICISM DO NOTHING, SAY NOTHING, BE NOTHING! Spam post? If so please click here to report it
09 Jul 2007 6:00 PM ef Ático I'm in Oxfordshire / Casares, CDS I've made 149 posts Send private message to ef	Ok, thanks, that sounds complex. Never buying off plan in Spain again though, so next project will most defintely be a resale. P.S. Why do you answer my EOS questions and not my direct emails?!!!!!!!!!!!!! Spam post? If so please click here to report it
09 Jul 2007 6:09 PM Smiley EOS Superstar I'm in Nueva Andalucia I've made 2094 posts Send private message to Smiley	Because I am not receiving any direct mails from you. Guess they are getting lost in cyberspace somewhere unless you put in the subject line something about Viagra or Anatrim or Ciallis or online gaming and then they automatically get deleted - especially if its designer handbags made from crocodile skin - that one really gets my goat (and I had saved that for dessert). _______________________ *Smiley* - patrick@marbellamortgages.com www.marbellamortgages.com *Sarcasm is the lowest form of wit .....but any form of wit is an achievement* NO MATTER HOW MUCH MONEY YOU HAVE GOT, IF YOU HAVE NOBODY TO SHARE IT WITH, THEN ITS JUST NUMBERS IN THE BANK. TO ESCAPE CRITICISM DO NOTHING, SAY NOTHING, BE NOTHING! Spam post? If so please click here to report it
09 Jul 2007 6:21 PM ef Ático I'm in Oxfordshire / Casares, CDS I've made 149 posts Send private message to ef	Not that old chestnut, please. Subject is generally "mortgage", nothing startling or spam-like for a mortgage broker. I have changed my email address, though. Sent you one last Monday and one this morning, I'll pm you from here, then you've no excuse to ignore me. Spam post? If so please click here to report it

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