We’ve been telling you for months that this is the perfect time to buy in Spain and here’s yet another incentive…
The Government has recently approved a new tax decree which states that, if a property is purchased between the 12th of May and the 31st of December, 2012, the capital gains tax payable, as and when you sell the property will have a 50% exemption. This means that when you sell, you will only have to pay half of what you would have had to pay. There is no time limit, the sale can take place any time in the future, be it 2 years, 5 years, 20 years or whenever. The only condition is that the title deed of purchase must be signed between 12 May and the end of this year.
The new decree applies to both residents and non residents and the property can be either a first or second home.
So if you are thinking of investing, go for it.. with prices the lowest they have been in years and a 50% saving on Capital Gains Tax in the future, why wait…
http://www.hamilton-homes.com/ref-128-00943P_la+duquesa+golf-manilva.html