Buying a plot of land

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This topic contains 2 replies, has 2 voices, and was last updated by Profile photo of Anonymous Anonymous 10 years, 10 months ago.

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  • #51487
    Profile photo of Anonymous
    Anonymous
    Participant

    Can anyone let me know if there are any time frames imposed on building a house on a plot of land? What if I bought a plot, then the year after put the foundations in, then the next year put the structure up etc, etc over a period of maybe 5 years.
    Would I have to pay taxes on it before it was finished? Or just from the completion date?

    Thanks for any info

  • #60567
    Profile photo of Anonymous
    Anonymous
    Participant

    Many Spanish building a single house will do so at weekends and during holidays, so what you’d be doing is normal. Some taxes, like the building licence (obra mayor) would have to be paid before starting, others at the end. Bear in mind if you’re claiming IVA (VAT) back on the materials you have to do so annually.

  • #60569
    Profile photo of Anonymous
    Anonymous
    Participant

    I think the timespan may vary from urbanisation and local council. I have my license to build, it was granted in Oct last year I have to start building by April 2006 and have it completed not more than 18 months after that. So in reality the license is only good for 2 years or I have to reapply and pay all the fees again.

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