IVA rate for swimming pool

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This topic contains 2 replies, has 3 voices, and was last updated by Profile photo of Anonymous Anonymous 11 years, 5 months ago.

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  • #51143
    Profile photo of Anonymous
    Anonymous
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    Iam in the process of buying a new villa in Almaria.The builder is also fitting the air conditioning and constructing a swimming pool as the property is being built.

    Question-‘What rate of IVA should I be paying on these two items- 7% or 16%?’

    Is there specific Govt. guidance on this issue?

    I would appreciate any help/pointers.

    Thanks
    Pamela

  • #58421
    Profile photo of Anonymous
    Anonymous
    Participant

    16%

  • #58423
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    Anonymous
    Participant

    [Graham]

    “IVA:-

    When you buy a piece of land from a professional land broker you pay 16% IVA ; from a private person you pay 7%.When you buy a new house and a piece of land from a professional land broker you only pay 7%. When you first buy the land you pay 16% IVA, even when you build a house on it later. The tax for the new house is 7% IVA. When you build a garage or a swimming pool together with the house, you also pay 7%. When you build a garage or a swimming pool at an existing house you pay 16% IVA.”

    Hope this is of help

    Graham

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