Dear all,
If I buy a flat as a renovation project through a Spanish SL, what taxes and transaction costs do I incur at purchase, during the works and upon sale? Do regular AJD and ITP apply in full? And what can be off-set for tax purposes? As regular transaction costs are north of 10% in Barcelona that would mean that you need to add very significant value through the renovation to make this profitable, given you also incur sales costs? If you set up a company for the specific purpose of doing renovation works, do any special (tax) rules apply? Does the new corporate tax rule (15% rate) apply? If anyone has a “case study” that would be amazing.
Thank you very much