Transaction tax on buying

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This topic contains 1 reply, has 2 voices, and was last updated by Profile photo of Mark Stücklin Mark Stücklin 2 years, 4 months ago.

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  • #182370
    Profile photo of Gilles
    Gilles
    Participant

    I am  buying a property for 85,000 & have been told I am likely to have the transaction tax based on the rateable value of the apt ie 103,000 euros. This puts it well over the 12% costs I have budgeted for.   Do I stand any chance by appealing to the tax authorities in Valencia?

  • #182379
    Profile photo of Mark Stücklin
    Mark Stücklin
    Keymaster

    Gilles, welcome to the Spanish tax authorities. Sort of like Argentina.

    I’ve read in the Spanish press that if your case is well documented and you appeal in the right way you have a good chance of getting your money back. However, you have to cough up first, then claim back later, and I hear that in Valencia they are now simply taking money from private accounts without warning.

    More info on how to appeal Spanish bargain tax (extra ITP)

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