Imogen CalderwoodPROPERTY owners selling second-hand homes have been given a break by the Spanish Government’s new tax reforms.
An amendment to the Income Tax bill will see sellers pay less tax and receive more money for their homes.
The Ministry of Finance approved the Partido Popular’s bill amendment to reduce capital gains tax rates for homes under €400,000.
The bill comes into effect on January 1, 2015.
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What is the new tax rate then, finish the story off!!
Exactly. Do tell!
Its been a fortnight… Any Details at all would be good, even if its a comment
Probably be irrelevant anyway. Buyers will be aware of sellers reduced tax liabilities and will lower their bids accordingly.
It might ease the pain of selling (and buying) a bit though.