Re: Re: tax costs after nearly 3 years because of low priced buy

#108714
Anonymous
Participant

@shakeel wrote:

JP1. The 1% that you are talking about is not IVA/VAT. It is a property purchase tax historicaly known as stamp duty.

😀 Yes I know it’s called stamp duty!

In making a comparison for Ramon, (who is not British) all he needs to know is that taxes in Spain that go to the government are approximately 7% and in the UK 1%.