IVA on Bank Guarantees
When you pay the 30% deposit for an off plan property, you pay IVA (i.e. VAT) on it. However, when you execute a Bank Guarantee, you can get the deposit back but not the IVA. If this is true, where does the IVA go to. E.g. If you buy a Refrigerator which turns out to be faulty, you take it back to the supplier / shop. You get a full refund including the IVA you have paid for it. Why does the same principle not apply to the Bank Guarantee ?? Or does it ??
Any views ?
Spam post or abuse? Please let us know
Number of posts in this thread:
DISCLAIMER: All opinions posted on these message boards are the opinion solely
of the poster and do not necessarily reflect the opinion of Eye on Spain, its servants
Pick up airport
Pick up date and time
Drop off date and time
Country of residence