Hi,
This is how it works:
- NEW BUILD PROPERTIES (that is, properties that haven't been sold since they were built, even though they were built in 2009, as it happens in Mar Menor Golf Resort): You have to pay 10% VAT and 2% Stamp Duty Tax. That means that, to whatever the price advertised is, you have to add 12% for taxes.
- RESALE PROPERTIES (sold by individuals or by banks, even though banks have repossessed properties from the builder and they were never officially sold): You DON'T pay VAT, but you pay 8% Property Transfer Tax.
Hope it helps.
Francisco