property transfer tax percentage? 7% or 9%?

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06 May 2010 00:00 by chicadeb Star rating. 32 posts Send private message

Hi,

Someone has told me that from 1st July or 1st August this year (not sure which month is starts) the property transfer tax goes up from 7 to 9%?  Is this correct and also is this for both 2nd hand and new properties?

Many thanks





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07 May 2010 09:31 by guslopez Star rating in Lorca, Murcia.. 745 posts Send private message

No as far as I know it goes up to 8% fom the 1st of July & iva to 18%. Yes it's for both new & 2nd hand.



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07 May 2010 10:29 by Faro Star rating in London. 1139 posts Send private message

Guslopez - I have been confused here for some time also but this is what I believe the situation to be but I'm not 100% sure. It's a bit like a pubic holiday you never know until the day whether offices are open or not!

I came across decreto-ley 1/2010 de 9 de marzo and if I understand that correctly then from that date transfer tax on properties in excess of EUR400k and garages in excess of EUR30k is at 8% and that's now.

Other tax changes say that from 1st July IVA (VAT) will increase to 8% across the board but this does not refer to transfer tax which would still remain at 7% for properties below EUR400k.

All this refers to Andalucia - I don't pay any attention to what happens elsewhere.

 

 

 





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07 May 2010 10:48 by Faro Star rating in London. 1139 posts Send private message

the 8% applies only on the amount in excess of EUR400k/EUR30k as appropriate.

ie por la parte que exceda de 400.000EUR





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