Spanish Government has reduced VAT

Other topics that are not covered in the sections above.
User avatar
ian.wilson Amigo
Posts: 238
Joined: Wed Oct 19, 2005 8:15 am
Location: Marbella Town since 1979

Spanish Government has reduced VAT

Postby ian.wilson » Wed Aug 24, 2011 10:35 am

The Spanish Government has reduced the Value Added Tax on the purchase of all new Spanish property from 8% down to 4% for the next four months until 31st December 2011.

Government Spokesman and Minister of Development, José Blanco, announced that the Spanish Government has decided to reduce VAT from 8% to 4% on the purchase of new housing, temporarily, until December 31st 2011. The initiatives were approved by Royal Decree, and put into effect immediately.

This represents a saving of €8,000 on the purchase of a €200,000 property, a great saving on any new property purchases completing in August, September, October, November & December 2011

This does not apply to resales only new property.

Some good news

Oh Yes! another day in paradise!

User avatar
Posts: 1871
Joined: Fri Aug 27, 2010 9:35 pm
Location: Garden of England

Re: Spanish Government has reduced VAT

Postby knowal » Wed Aug 24, 2011 10:50 am

I wonder why they put it up from 7 to 8% a while back.
The housing market needs a bigger kick than that to revive it.

El Cid
Andalucia Guru
Posts: 15258
Joined: Sun Oct 24, 2004 10:42 pm
Location: La Herradura, Costa Tropical, Granada

Re: Spanish Government has reduced VAT

Postby El Cid » Wed Aug 24, 2011 10:56 am

This has already been posted in the Living in Andalucia thread.


Who is online

Users browsing this forum: Bing [Bot] and 2 guests