OASIS HOTELS CORRALEJO FUERTEVENTURA
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Hi, Does anyone know what taxes need to be paid on Assignable contracts by both seller and buyer?
I heard of a law where the buyer has to pay 7% IVA and then another tax of 7% of the property price on top, anyone heard of this?
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Russ
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Strictly speaking to assign a private purchase contract for an off plan development the seller (holder of the contract) has to pay 7% transfer tax and then the actual buy has to pay the 7% purchase tax on the full amount
There are ways around this but it is a law that has always been around, just not enforced until lately!
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Quite frankly m'dear, I don't give a damn!
www.herbalmarbella.com
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