FLASH INSERT #45
New properties in Spain: the VAT is reduced to 4% until December 31st, 2012
January 11th, 2012
Hello from Madrid :-)
4% discount on new properties sold until December 31st, 2012, this is the Spanish government's gift to any buyer of such a property. The ordinary VAT rate for real estate in Spain amounting to 8%, this temporary reduction to 4% on a property priced for instance 200,000 euros, allows a 8,000 euros discount: interesting to know.
This new (and empty) housing stock mainly is constituted with apartments located in Spanish major cities and their suburbs. But the INSERT catalogue also includes a few such properties. Here is the list:
- Ondara (near Denia), apartment A-1667, 2 bedrooms, 1 bathroom, 77 m² - 828 SF: € 101,000.-
- Ondara (near Denia), two storeyed apartment A-1666, 3 bedrooms, 2 bathrooms, 105 m² - 1,130 SF + large terrace: € 133,000.-
- Els Poblets (near Denia), two storeyed terraced house B-1692, 2 bedrooms, 2 bathrooms, 92 m² - 990 SF, € 140,000.-
- Els Poblets (near Denia), two storeyed terraced house similar to B-1692, 3 bedrooms, 2 bathrooms, 114 m² - 1,226 SF, € 165,000.-
- Denia, large villa V-1782, 3 bedrooms, 2½ bathrooms, swimming-pool, sea view, 161 / 850 m² - 1,732 / 9,146 SF, € 395,000.-
- Denia, large villa V-1783, 3 bedrooms, 2 bathrooms, swimming-pool, sea view, 200 / 848 m² - 2,152 / 9,124 SF, € 450,000.-
- Calpe, twin villa B-1697, 3 bedrooms, 2½ bathrooms, swimming-pool, 173 / 400 m² - 1,861 / 4,304 SF, € 384,000.-
- Calpe, twin villa similar to B-1697, 3 bedrooms, 2 bathrooms, swimming-pool and sea view, 173 / 400 m² - 1,861 / 4,304 SF, € 399,000.- (will soon be exhibited with code B-1797).
- Válor (Alpujarras), apartment V-1705, 2 bedrooms, 2 bathrooms, 90 m² - 968 SF, € 130,000.-
There is NEW and new
About this matter, two concepts must be distinguished: is considered as fiscally new, a property (villa, apartment) put on the market by its constructor or developer. But some new properties have been sold, sometimes on plans to a buyer who, when the construction is complete, wishes to sell. These of course still are technically new properties, but no longer for tax purposes. The sale thereof is subject to the ordinary transfer tax, 7% in most Spanish provinces.
In Spain: Jacques Gaillard
c/ Alonso Carbonell, 4-1º C,
E - 28045 Madrid.
Phone: +34 911 550 830, or from U.K.: 0871 711 51 79
(BT's national call rate).
Mobile: 0034 639 647 665
E-mail: here.