Legal tip 644. Buying property through company: same tax
Wednesday, November 30, 2011 @ 4:56 PM
Recent couple of Court decissions ( setting Case Law) by the Supreme Court stablish that when a company buy shares which are in a more than 50 per cent, real estate assets, tax will always be of 8% of value of acquisition against 1% of any company operation according to Trasnfer Tax and Stamp Duty Act.
The treasure can apply this new rate despite no fraud intention is proved.
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"Zahara de la Sierra", Cadiz, Spain, by oscardodo, at flickr.com