![]() ![]() Value-added tax on new buildings carries a reduced rate of 10% on the sale price of standard properties, and 4% in the case of publicly-subsidized housing. Value Added Tax ( IVA-Impuesto sobre el Valor Añadido ): Value added tax (or VAT for short) is a general, indirect tax levied on the purchase of goods or services.If you want to buy a brand new property, you'll have to pay two types of taxes: However, the seller and the buyer may reach an agreement to split the tax proportionally to the date of sale-or the seller can pass on the remaining tax by increasing the sale price. ![]() It’s paid annually to the city council ( Ayuntamiento) in the district where the property lies.
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