[Anonymous]

Having been house hunting for over two weeks now I am astonished to learn that builders are declaring in most cases only 60% of the price of a house thus forcing would be buyers into breaking the law and commiting tax fraud. I had understood that the Spanish government was cracking down on this but it would seem not. 😯

[Anonymous]

An estate agent mentioned to me recently something to the effect that there are new regulations coming soon, I think in April, which will require submission of a copy of the compraventa (private buy and sell agreement). I understand this states the real purchase price rather than the lower declared price on the public deed (escrutura). Presumably this is to deter under declarations. Perhaps a solicitor or agent on this forum will be able to confirm if I am correct and if so the precise details.

Mike Grant

[Anonymous]

Hi there

Have a read of this post which discusses black money – basically it is fraud. The new law will be coming in by June – or so it is said. However many haciendas are taking their own action and fining people who have under decalred (and leaving it down to them toprove they didnt – whatever happened to innocent until proven guilty).

Anyway beware!

Vince

http://spanishpropertyinsight.com/forums/viewtopic.php?p=2380&highlight=&sid=2efd14ea643f235b81b9c72afd782b14#2380

[Anonymous]

As I recall the tax office has a certain period, possibly 2 or 3 years, during which they can claim taxes on a higher purchase price if they feel the declared one is too low. This certainly apllied for land purchases in the Canarz Islands.

Terry English

[Author]

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