NEWS BULLETIN (MAY 2012) Government offer buyers 50% reduction on future capital gains tax
"Government 50% reduction on capital gains tax"
A great opportunity to buy property
with half the taxes on the future sale
If you are considering investing or simply considering buying a home in Spain for your holidays, now could be the ideal time.
On top of the very low prices of our distressed sale bargains and the recent 50% reduction on "new build" purchase VAT, the Government have just introduced a significant added bonus.
For buyers who acquire property between the 11th May 2012 and up until 31st December 2012 will now benefit from 50% reduction on tax to be paid on any profit obtained when the property is sold (capital gains tax).
This means that if you buy a bargain property now and sell in the future when the market improves, making good profit, the tax to be paid on this profit will be halved!!!!
These new cuts were made last Friday and released to the public on Saturday as one of several measures the government passed in order to bolster the housing market and entice investors.
This new reduction is available to investors, companies and individuals, whether tax resident in Spain or not, making it a great opportunity for all, including foreigners.
It could be a good time to take advantage of the unsettled markets, with many properties 50% lower in price, 50% reduction on new build VAT and now 50% reduction on future capital gains tax, it's a buyers market and a great time to pick up a bargain in Southern Spain.
We have a team that have been working directly for banks, probate lawyers and liquidation companies for over 20 years and at the moment have some incredible deals available on the Costa Del Sol.
We market these deals directly via our websites and network of over 500 real estate agents/brokers throughout Europe.
Look in the main menu under "Hot Properties" for a sample of some of the best new and reduced deals available on the sun drenched Costa Del Sol.
If you are planing a viewing trip in the near future or would like to discuss any of our properties further, please use the "Contact us" page to submit your details and we will contact you as soon as possible.
Contact us now for more info or viewing our deals
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