Property Purchase

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This topic contains 1 reply, has 2 voices, and was last updated by  Mark Stücklin 1 year, 2 months ago.

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  • #194362

    Stuartsherwin
    Participant

    My client purchased a property in Spain for Euro 98,565 about 15 years ago. He paid 7% in addition to the purchase price which I assume is ITP as referred in your article. He is not resident in Spain. A friend of his told him he could have claimed back the ITP which amounts to Euro 6,899 after purchasing it, but not being a Spanish Tax expert I have no idea. I am assuming this not to be the case but would welcome your reply.

  • #194813

    Mark Stücklin
    Keymaster

    You can’t claim back ITP. It’s tax deductible from CGT when you come to sell, but that’s it.

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