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.