Happy New Year means Tax Rises.
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Happy New Year !

Unfortunately the new year also brings in the promised tax rises that came into operation on 01.01.2013.

1. New Build Property: The tax (VAT/IVA) has risen from the reduced rate of 4% to 10% nationally.

2. Resales: The tax (transfer tax) has risen from 7% to 8% with the exception of Murcia which remain for the time being 7%

3. Stamp duty is 1.5%

These increases come into effect immediately.