IGIC tax on property purchase in Fuerteventura

[Remy8K]

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.

[emmi]

The best property lawyer( in my opinion)  is Napoleon Gonzalez.  He offers a free consultation where you can ask exactly the questions you want, without obligation to hire him as your potential lawyer.  He speaks good English, although he speaks like a machine gun and you have to listen carefully!!!  Many people recommend him.  I used him.  His conveyancing fees are not excessive and you can agree a fixed price for the job.

His website is here:
http://www.fuerteventuralawyer.com/

His email is:
fuertelawyer@gmail.com

His mobile is: 650 475 420 ( usually he does not answer, but you can leave a message and your phone number he will call back)

Hope this helps, he will surely be able to answer your question.

[Remy8K]

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.

[emmi]

Well, there is no harm and no cost in getting a second opinion.

[Remy8K]

Actually yes you are right. Thank you

[Ernie]

This page is worth reading ...

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 ?

I used Glex and Co in Puerto. Opinions differ widely but I must say I was very impressed. Very efficient.

Ernie