If you are looking for a
Submitted by modicasa on Mon, 11/24/2014 - 01:11
In reply to A newbie all over again! by Annec
If you are looking for a small apartment, Idoubt you are thinking of transferring and living here full time - in which case you will be paying non-resident prices for taxes etc. Rightmove is hopelessly outdated and mostly wrong - as are most foreign portals. Since 2014 the taxes are as follows: 9% rateable value for a non residents home - (2% for a primacasa but you must become Itlaina resident within 18 months)The notary fees are in bands depending on your sale price - so for a property of around 100.000 itwould be about 2000 euros. Agencies usually take 3% plus IVA.
Do not assume it is a no
Submitted by LargeLewis on Mon, 11/24/2014 - 06:01
In reply to A newbie all over again! by Annec
Do not assume it is a no brainer to go for residency as it may be more hassle in the future and end up costing just as much, if not more.Currency fluctuation can also be a large cost and cause of worry. Modicasa, is there no local tax to pay? What rate of IVA (VAT) is payable currently?
I have been resident for some
Submitted by thou of an inch on Mon, 11/24/2014 - 06:10
In reply to Do not assume it is a no by LargeLewis
I have been resident for some time as I work and live here. It isn't a holiday home but my main residence.I'm closely watching the forex markets and have registered with a few of the specialist companies to eventually do the transfer of funds. Hope Mr Draghi decides to do some QE soon and print a few more notes:).
