Just one month remaining to save VAT on a property purchase in Spain

With just one month remaining before the VAT on the purchase of a New property in Spain increases from the current 4% to 10% on 1st January 2013, there is still time to benefit and save money.

In order to save paying this increase you must complete the purchase of a new property by signing the title deed before a notary prior to 31st December 2012.

What is a new property?

A new property is one that has never been registered to a first time buyer, i.e. that from a developer, a builder or even a re-possession from a bank as long as it has never been registered for the first time to a purchaser.

Read full article:
http://www.leadingpropertygroupspain.com/en/2012/12/just-one-month-remaining-to-save-vat-on-a-property-purchase-in-spain/