Reply To: 5% Retention on Sale is being reduced


Actually LRAU and LUV DO NOT comply with EU regulations – which is why the EU are threatening sanctions to Madrid for non compliance. LRAU was changed to LUV because of the fact it DID NOT comply with EU law, and LUV offers the same protection to land owners with twice the amount of words (ie nothing). It is not only contrary to EU law it is also contrary to Human RIghts – which is why there is a current collective class action suit against the Spanish Authorities against LRAU.

Worrying is not the word I would use – scary maybe as it leaves the whole of Spain open to the same abuses people are trying to rid themselves of with LRAU/LUV in the Valencia region