May 5
Don´t Forget Spanish Property Purchase Costs!
capital gains tax spain cheap property in spain cheap spanish property iva rate purchase costs in spain Spanish property bargains a
capital gains tax spain cheap property in spain cheap spanish property iva rate purchase costs in spain Spanish property bargains a
With all of these Spanish property bargains being advertised at the moment, it´s tempting to think that it´s easy to make money in this type of climate – i.e. pick up a cheap Spanish property, wait for the market to recover, and then sell at a profit.
But just remember one thing. With Spanish property purchase costs amounting to around 10%, and costs of sale (such as capital gains tax, legal fees and agents commission) to also consider, you realistically need to clear 15% before making any kind of profit whatsoever.
Food for thought before you get carried away.
