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Post by mark2 on Aug 17, 2005 21:05:05 GMT 1
I have been just been advised by my lawyer today that the 5% purchase tax is to be raised soon for foreign buyers, she says that she cannot elaborate at the moment but this is definite. She thinks it may be due to the domestic company loophole. Does anyone have any further information on this situation.
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Post by Nicola on Aug 30, 2005 19:17:39 GMT 1
Is this the 'stamp duty' tax that you pay on completion (not payable until permission has been granted)?
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Post by mark2 on Aug 30, 2005 19:40:44 GMT 1
Yeah! currently 5% if you have bought already they will not change this, but my lawyer says the laws are under way but has no figures as yet, I hope they only bring it into line with say Spain, i.e 7.5%
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