From today 28th April until 31st December 2021
There is a discount in the transfer taxes to be paid when you purchase a real estate property. These are great news for property buyers here in Andalucia and on the Costa del Sol.
The transfer tax has been reduced to 7 % for properties of all prices. For a property with a purchase price of EURO 200,000, there is a saving of 2,000 euros in transfer tax.
With regards to new-build properties the tax remains the same 10 % VAT (value added tax) but the Stamp Duty to be paid is also reduced (from 1,5% to 1,2% ).
Therefore, now is even a better time to buy a property from Andalucia.
You can see new regulation here.
Marbella Solicitors
Jose M. Lopez-Avalos – Solicitor
Tel. 952 901 225 – mail@marbellasolicitors.com
