Great News, less tax!!!

23 May 2021

If you are thinking about investing in a property on the Costa del Sol, we have some good news for you! 

The Andalusian government has passed a decree reducing property Transfer Tax (the tax paid on the purchase and sale of second-hand homes). Up until now the three rates have been set at 8%, 9% and 10% depending on the purchase price but these will now be replaced by a flat rate of 7% across the board. Therefore the costs associated with buying a second hand home are now significantly reduced. Additionally, there is also be a small reduction in Stamp Duty Tax from 1.5% to 1.2%. This new reduction is only until 31st December 2021 and only in Andalucía.…. so don´t waste any time. Contact us today.