Could anyone confirm which tax and at what rate it is levied on a property purchase in Fuerteventura? Unclear whether this is classified as a new or re-sale property as it was a new build in 2008 / 2009 and has stood empty / unoccupied or sold until now. So in effect is a 'new' property. Thanks for any help or advice.
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His email is:
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Hope this helps, he will surely be able to answer your question.
Thank you for your reply.
However, we already have a lawyer but they are saying 7% and the reason we are questioning is we are reading 5.5% and 6% on various information sites. So outside of the lawyer wondered if anyone knew exactly as it seems a little confusing. I am sure if we ask our lawyer they will give a valid answer to the 7%.
Thank you anyway.
Well, there is no harm and no cost in getting a second opinion.
Actually yes you are right. Thank you
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http://www.janetanscombe.com/notarial-system-costs-2 (http://www.janetanscombe.com/notarial-system-costs-2)
I recently bought a bank repossession on the island. Newly built in 2008, never sold, repossessed some time after and finally sold on to me in late 2013. I paid a transfer tax of 6.5% as it was designated a resale rather than a new property.
I suppose my purchase would have been designated as a new property if the original developer hadn't gone bust so that it was them who'd sold it to me rather than a repossessing bank, even if it was a full 5 years after they built it ? In such a scenario it looks like a total of 8% would have been due.
Which of the above scenarios is closest to your situation ?
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Ernie