Spain to make overseas developers pay
Language: English Series: Estates Gazette ; (9141) 19 October 1991, 72(1)Publication details: 1991Subject(s): Summary: Highlights the changes for foreign developers purchasing property in Spain which come into effect from January 1992. Includes an annual charge of 5% on rateable value levied against foreign companies owning property in Spain. Anyone buying Spanish property from non-residents must withhold 10% of selling price to meet the vendor`s capital gains tax. Vacant property owned by foreigners will also incur a tax of 2% of rateable valuable.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | WB2741-26 (Browse shelf(Opens below)) | 1 | Available | 20739-1001 |
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Highlights the changes for foreign developers purchasing property in Spain which come into effect from January 1992. Includes an annual charge of 5% on rateable value levied against foreign companies owning property in Spain. Anyone buying Spanish property from non-residents must withhold 10% of selling price to meet the vendor`s capital gains tax. Vacant property owned by foreigners will also incur a tax of 2% of rateable valuable.