tax iva
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Hi im looking at buying a property in Murcia, these properies where built a few years ago and have never been lived in, the bank now own them. they had a asking price of 500k plus they are now 150k, would the spanish tax man come looking for the iva tax for the differance from the 500k ----150k at 7%
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The tax is on the sale price / declared price, not what it may have been worth at some time in the past. Otherwise when you bought in the sales you would be paying tax on regular. pre-sale price. Not even in Spain !!!!!! Well not yet anyway.
This message was last edited by johnzx on 05/11/2011.
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