Important Tax incentive for buying a property in Spain

In order to stimulate the sale of properties in Spain, the ” Real Decreto-ley 18/2012, de 11 de mayo” has introduced a new and important tax incentive: Buyer resident or non resident acquiring a property from 12 may to 31 December 2012, only will pay taxes on 50% of the revenue they can get when they will sell it.
Many investors and potential buyers are delaying purchasing decisions confident that property prices in Spain will continue dropping the price. Maybe, they decide to take advantage of the opportunities in the real estate market for this year, and buy before December 31st because they can get a significant tax savings when selling.

Alejandro del Campo Zafra (Abogado-Asesor Fiscal)