Spain Real Estate News

Property for sale in Spain said:
Saturday, January 28, 2012 @ 12:07 PM

To stimulate the market there needs to be clear guidelines on the rental process so that everyone pays tax. I think that if you rent your property through an agent, then there should be a process where the agent informs the government each time the property is let and for how much. They also inform the government of the owner's name, address and nie. They should then have to fill out and expenses form or a tax return each year and there should be a tax of 20% paid on any figure over €3000 earned.
Then they should remove iva on new property purchases and reduce resale iva to 4%.
This would stimulate the property market no end.