VAT, that tax that everyone who buys housing has to pay when it is a new build property.
The purchase of a house is one of the issues that generates more doubts in tax matters, starting with the deduction for the mortgage in the IRPF and ending with the VAT, which is not paid on all occasions when a purchase.
The most common is that we have some doubts and not for less, considering that this is the largest investment that is usually made. Issues related to the taxation of housing and in this case with VAT applied to housing are complex, but we will expose them very clearly.
When talking about VAT applied to the purchase of housing we must always remember that it only applies to new housing. This maximum can be applied on buildings and in general any type of product.
The truth is NO, there are some cases in which you will acquire a new home, and you will not have to pay VAT.
In the case of the banks, these accumulate in their portfolios a lot of floors of new work that has been adjudged mainly of promoters. For tax purposes, these properties are considered second-hand, so they are subject to the ITP that set and charge the ccaa. This would be the first "short cut" that would allow individuals to acquire a brand new home without having to pay a 10% VAT.
Do not hesitate to contact Golf Sun if you are looking for new build properties in the area of Orihuela Costa, Costa Blanca or Costa Calida. In the catalogue of our website you can find all types of apartments, bungalows, houses, villas, luxury villas, land, fincas, etc ... both off plan and key ready plans.
Contact us today and we will make an appointment to start fulfilling your dream of living near the Mediterranean.
Our telephone number is 0034 965 322 863