Stamp duty on new build

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marios
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Stamp duty on new build

Postby marios » Fri Feb 16, 2007 5:23 pm

anyone know what % you pay on a new build also what is it based on,is it how much it cost you to build or the actual valuation the bank puts on it.

ashtondav
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Postby ashtondav » Fri Feb 16, 2007 7:18 pm

I think it's 7% of the price paid or the building cost

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marios
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Postby marios » Fri Feb 16, 2007 8:17 pm

your thinking of Vat I mean stamp duty

El Cid
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Postby El Cid » Tue Feb 20, 2007 10:28 am

The stamp duty is 1% of the value declared on the Escritura.

On top of that you will have the notaries and gestors fees and the cost of registration. If you have a mortgage there will be another 1% to register it.

Sid

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marios
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Postby marios » Tue Feb 20, 2007 10:30 am

cheers cid


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