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Thursday, September 13, 2007 by Rusty2712 in Benalmadena Costa. 72 posts Send private message Hi, Does anyone know what taxes need to be paid on Assignable contracts by both seller and buyer? I heard of a law where the buyer has to pay 7% IVA and then another tax of 7% of the property price on top, anyone heard of this? _______________________ Russ Spam post or abuse? Please let us know
13 Sep 2007 5:16 PM by Rixxy in San Pedro. 2072 posts Send private message Strictly speaking to assign a private purchase contract for an off plan development the seller (holder of the contract) has to pay 7% transfer tax and then the actual buy has to pay the 7% purchase tax on the full amount There are ways around this but it is a law that has always been around, just not enforced until lately! _______________________ Quite frankly m'dear, I don't give a damn! www.herbalmarbella.com Spam post or abuse? Please let us know

The Comments

Thursday, September 13, 2007 by Rusty2712 Star rating

in Benalmadena Costa. 72 posts Send private message

Hi, Does anyone know what taxes need to be paid on Assignable contracts by both seller and buyer?

I heard of a law where the buyer has to pay 7% IVA and then another tax of 7% of the property price on top, anyone heard of this?

_______________________
Russ

Spam post or abuse? Please let us know

13 Sep 2007 5:16 PM by Rixxy Star rating

in San Pedro. 2072 posts Send private message

Strictly speaking to assign a private purchase contract for an off plan development the seller (holder of the contract) has to pay 7% transfer tax and then the actual buy has to pay the 7% purchase tax on the full amount

There are ways around this but it is a law that has always been around, just not enforced until lately!

_______________________

Quite frankly m'dear, I don't give a damn!

www.herbalmarbella.com

Spam post or abuse? Please let us know

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