Tax on value of contents when buying furnished apartment ?

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Espana101
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Joined: Fri Jun 16, 2017 8:15 am
Location: UK

Tax on value of contents when buying furnished apartment ?

Postby Espana101 » Mon Jul 03, 2017 4:34 pm

We have just bought an apartment (in Marbella) and our lawyer has mentioned, for the first time after completion, that there is a tax of 4% on the part of the purchase price attributed to the contents. I have never come across this before, but I assume that he must be right. Had he told us this up front, I suppose that I would have had the chance to have a less formal arrangement regarding the sale of the contents, rather than including them in the main written purchase contract. Since the only purpose of splitting out the contents was to reduce the taxes, I wonder if I have been been badly advised here ?

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