Spain cuts new property tax in half to lift Spanish real estate industry


Madrid, Spain: – August 25, 2011 – (RealEstateRama) — The Spanish Government has cut value added tax on new property in Spain by 50 per cent with immediate effect. The reduction in VAT (Spanish – IVA) from eight per cent four per cent on new build Spanish properties came into force on August 19th and will continue until the end of the year

Previous articleSlowdown Impacts Commercial Real Estate Markets, Modest Improvement Seen
Next articleNevada Short Sale Specialist Lois Lee Greer – How to Write a Hardship Letter