Legal tip 507. Tax incentives for house refurbishments
Wednesday, April 20, 2011 @ 1:22 PM
Spanish government is planning new taxes incentives to promote building refurbishment and dynamism to the building sector still almost dead in Spain.
It seems the government is going to increase the rebate amounts from 10% to 20% on incomes of less than 33,007 Euros, with a limit of 4,000 Euros. This amount will be progressively reduced progressively until the income of 53,007 Euros, which is the ceiling for the tax incentive, and only exclude 5% of taxpayers.
There is also a reduced VAT (8%) for plumbers and carpenters, among others, reforms used to pay 16% then.
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Casa de Campo in Benalauria, Ronda, Málaga by Roberto Carlos Pecino at Flickr.com