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El blog de Maria

Your daily Spanish Law reporter. Have it with a cafe con leche.

Legal tip 279. Cheaper Notary and Registry fees
25 May 2010 @ 10:55

The Government has included a reduction of 5% on fees charged by notaries and Property registrars in relation to documents where value is expressed such as deeds of house purchase.

This has been made in the recent decree of extraordinary measures to reduce the deficit.

A small lifeline to future owners, who in short, effective July 1, will see the rise of a point of VAT and at the end of the year, from January 1, 2011, will see how the deduction for purchases disappear.

This has been the rate scale so far:

Until       6,010.12--------------------------------------------------90.15 euros

Between  6,010.13 and 30050.60 euros-------------------------- 4.5 per 1,000

Between 30,050.61 and 60,101.21 euro------------------------- 1.50 per 1,000

Between 60,101.22 and 150,253.03euros-------------------------- 1 per 1,000

Between 150,253.04 and 601,012.10 euros----------------------- 0.5 per 1,000.

Between 601,012.11  and 6,010,121.04 euros-------------------- 0.3 per 1,000

From 6,010,121.05: the amount that may be freely agreed by the parties.

Cañas de pescar, Sancti Petri por Heart Industry.

Sancti Petri, Cádiz, Costa de la Luz by Heart Industry at 

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