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