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Monday 20 September 2010

Britons facing new taxes on 'bargain' Spanish properties | Mail Online


15:31 | ,

Britons facing new taxes on 'bargain' Spanish properties | Mail Online: "Bargain-hunters in Spain scooping up discounted property could be in for a nasty surprise as cash-strapped Spanish regional authorities hit them with extra taxes after the deal is done.
British buyers have found their purchases revalued upwards by provincial authorities, who are demanding thousands of euros in additional land registration tax.
In June last year, retirees Neil and Lynda Hunter bought a three-bedroom villa with pool for €400,000 in Mijas-Costa, on the Costa del Sol near Marbella. It had been on the market for two years at €475,000 and was being sold by a Briton who wanted to return to the UK."


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