Dear Sirs, My wife and I are interested in purchasing a Villa (off plan) in the Costa Blanca. The land is owned by the developer who has given us 3 different options to choose from for the construction of our Villa. He has told us that instead of signing a purchase agreement for the house, […]
Buying property commercial and residential in Spain
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SPANISH VAT REDUCTION ON NEW HOME PURCHASE IN SPAIN
The Spanish Royal Decree – Law number 9/2011 (Real Decreto-ley RDL 9/2011) was approved on 19-08-2011. This Decree-Law includes in its FOURTH TEMPORARY PROVISION a modification in the VAT TAX (Impuesto Valor Añadido – IVA) in relation to new-home purchase. We wish to draw attention to this matter as it is of great importance, since […]
Capital Gains Tax CGT. Reinvestment in another habitual main residence ( home) in the European Union EU.
I am fiscal tax Resident in Spain and I have sold my habitual residence here; with the monies from this sale I intend to acquire another property but outside of Spain. I understand that if I was to reinvest the monies on a property in Spain I would not have to pay Capital Gain Tax […]