You should watch out for complementary tax…

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You should watch out for complementary tax…

Complementary tax is the tax payable on the difference between the amount declared as the purchase price and how much the Spanish Authority values your property at.

The issuing of demands for complementary tax seems to be increasing at a rapid rate and it can be quite expensive to settle. Complementary tax demands can be sent out up to four years after the original purchase of the property. Just when you thought everything was signed and sealed.

In Albir Abogados we are able to make calculations to assist you in working out what any complementary tax might be. With this information and knowing we can appeal if you receive a demand; don´t miss the opportunity to buy the home you´ve always wished for.

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