[Anonymous]

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

[Anonymous]

16%

[Anonymous]

[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

[Author]

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