Re: subject


“Any increase in VAT will be only for new properties, residential 7%-commercial 16%. “

so, where is the change. This has always been the case.

“On the other side, second hand properties have the 7% ITP (Conveyance Tax) unless the Regions or the State decide to increase this last tax as well”.

This was also the rate. The tax may have been called with another name.

“Additionally, new properties also must pay a 1% as AJD.”

What does AJD stands for ???

I take it that these percentage is due irrespective if the property is legal or not !!!!!!!!