Hi ,
If you have been following the blog you will know that if something is wrong, plain stupid or illogical about purchasing a property in Valencia or Spain then it will be pointed out so you are buying in full knowledge of what is happening here. The tax situation in Valencia especially, but other autonomous communities too, is creating uncertainty and there is nothing that
buyers like less than uncertainty of course. Therefore let me direct you to my latest blog post on the uncertainty surrounding the tax applicable on purchase in the Valencia region. Hopefully it clears up what is frankly a mess.
As we stated
in our original blog post about it
From our point of view the law is ridiculous. When a country desperately needs people from abroad to purchase property and come and live in Spain it is totally bonkers. You would think that, like in Madrid, the regional government would be doing everything possible to
encourage inward investment, not driving it away which is what this law will inevitably do. However we have a plan in place for you and it is totally transparent as we always are.
1) We will tell you in the case of every property if you may be charged more than 10% on the property you are interested in. (I can guarantee you that
most other agents will not do this and most will not even be aware of this new law)
2) We will suggest alternatives if you think that any property with this issue may not suit you.
3) We can also find you property in other communities that do not have this retrograde law eg Catalunya, Andalucia, Murcia etc... that suit your requirements at our national site, The Spanish Property Network.
4) We will help you to find a
lawyer to appeal any potential extra tax if applicable.
5) We will find properties where it is not an issue.
Simples!
If you want to know any more about the new law or want some reassurance about any purchase that you may be doing at the moment or have done since the start of 2014 just get in touch.
Regards
Graham
