Taxes relating to LFO.

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03 Jul 2009 00:00 by alcaidesa Star rating in Beckenham Kent. 34 posts Send private message

Hi, I have to legalise my villa which has just been granted it's LFO.

I am shocked by the amount of taxes I have to pay in relation to legalising the house.

Notary fees, land registery, legal fees, stamp duty but the most expensive and the one I don't understand has been listed as ICIO.

Can anyone give me an idea what this is and how much it should be? Does it vary from area to area?

Thanks a lot.

 


 



This message was last edited by alcaidesa on 03/07/2009.

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04 Jul 2009 09:09 by mariadecastro Star rating in Algeciras (Cadiz). 8588 posts Send private message

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ICIO is a tax on buildings work and cannot be higher to 4% of the building cost.



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04 Jul 2009 19:05 by alcaidesa Star rating in Beckenham Kent. 34 posts Send private message

Thanks Maria,

I really did not realise all the costs attached to licenses before and after the build, what with the actual build costs plus architect, aparejador etc my project has turned out a hell of a lot more than I had anticipated.



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04 Jul 2009 20:33 by rowlandsbb Star rating in 2010 50/50 Macclesfi.... 760 posts Send private message

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After all your problems I hope the villa has turned out to be just as you wanted and that you will get a lot of enjoyment out of it

To others ,you have perhaps given a warning, about buying a villa which has to be made legal after you have bought

Many have not been as lucky as you, as in the UK one would not buy a house which was not legal from day one, and they have had problems

So if you are buying now , take no risks

I trust that everything is sorted ,if a touch more expensive than your original budget....so just enjoy Spain



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06 Jul 2009 10:29 by alcaidesa Star rating in Beckenham Kent. 34 posts Send private message

Thanks for the good wishes.

Yes I realise that even though I have had a nightmare, it does not compare with the situation a lot of other people have found themselves in due to no fault of their own.

I tried to do everything strictly by the book and had employed and paid all the required people but it did not stop my headaches. Maybe I was just naive or unlucky, but at least now I have a legal house.



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07 Aug 2009 09:01 by sms0611 Star rating in Fuengirola. 21 posts Send private message

Maria,

   Is ICIO another name for the tax you pay when applying for a building licence or is this something seperate? I am aware of the 1% stamp duty that must be paid at the start and end of construction but have not heard of a 4% buildings work tax.

Steve



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