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Topic: Transfer Tax (Fiscal)
User: Martin (view profile)14 Oct 2008 - 18:25
Hi, can anyone help please.  We are currently purchasing a renovation property in Spain and was originally told we had to pay 7% Transfer Tax on the declared value.  Our solicitor in Spain now said we have the pay 7% Transfer Tax on a minimum fiscal value of 45,000e yet the property was sold for 30,000e.  Tried everywhere but unable to get definite answer.  Help would be appreciated as we are going over next week to sign contract.

User: admin (view profile)30 Oct 2008 - 10:48
Martin, I've never bought a property for less than 45k, but it doesn't surprise me that there's a minimum.

do you not trust your solicitor? perhaps you should get a new one.

User: Martin (view profile)30 Oct 2008 - 11:18
Hi, thanks we do trust our solicitor and he has now provided us with a document which explains its all about the rateable value.  House now ours but did have a few problems  -  could never have done it without estate agents and solicitor.  looking forward to moving over there.

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