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Help or Advice >> Building, reforming, legalities etc >> Property resale tax increase in Catalonia http://www.tortosaforum.com/cgi-bin/yabb2/YaBB.pl?num=1375906834 Message started by Smidge on Aug 7^th, 2013 at 10:20pm

Title: Property resale tax increase in Catalonia
Post by Smidge on Aug 7^th, 2013 at 10:20pm

The government wants even more of your money.

http://www.spanishpropertyinsight.com/2013/08/05/resale-transfer-tax-in-catalonia-goes-up-to-10pc/?utm_source=rss&utm_medium=rss&utm_campaign=resale-transfer-tax-in-catalonia-goes-up-to-10pc

Title: Re: Property resale tax increase in Catalonia
Post by Pondgirl on Aug 8^th, 2013 at 8:02pm

It's complete madness. As the article says:
"In a real estate crash of this magnitude, transaction costs of 10pc or more are a big part of the problem. What Spain needs now is lower taxes on property, to stimulate the market and encourage foreign investors. That would help reduce the housing glut, increase tax revenues through volume, shrink the black economy, and create wealth and employment."

I'm glad that I'm not trying to buy or sell at the moment.

Title: Re: Property resale tax increase in Catalonia
Post by Ritaratbag on Aug 8^th, 2013 at 9:56pm

Another crazy idea in Catalunya!