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Only seven weeks left of Spanish VAT holiday

Posted on by peteradmin247

Only seven weeks remain for overseas property owners to snap up property in Spain at discounted rates.

In August this year, the Spanish Government reduced the IVA (the Spanish VAT equivalent) on properties by 50% until the end of the year, making purchasers liable for only 4% of the purchase price, a saving of €4,000 on a €100,000 home.

However, time is running out for overseas property investors to take up the offers, as homes need to be purchased by the 15 December in order to have time for all legal requirements before 31 December 2011.

Many Spanish developers have offered to pay the remaining VAT, making property purchases VAT free, and are now urging customers to invest.

 

Those wishing to buy property in Spain should invest now before it too late.”

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