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Fee’s when buying a property in Villamartin.
Posted: Sat Apr 21, 2018 6:50pm
Could someone tell me what other kind of fees I would incur when buying in Villamartin.
E.G. property tax, community charges, stamp duties etc.
Posted: Sat Apr 21, 2018 7:17pm
Very helpful member
Add 12% on top of the sale price. This covers stamp duty and legal fees.
All other charges are paid after you complete and are dependent on what and where you buy.
Posted: Sun Apr 22, 2018 10:28am
Thank you very much. This is so helpful.
Keith
Posted: Mon Apr 23, 2018 8:32am
Helpful member
a word of warning we had our property revalued after the sale had been completed, and faced a bill of 2500€ 3 months later I have recently found out this happens fairly frequently I would speak to your solicitor about this to see if the can advice.
Hi, I’m looking into selling my property in Almoradi......I just wanted to ask what the €2500 is for?thanks in advance.x
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Posted: Mon Apr 23, 2018 3:18pm
Helpful member
Tax
Posted: Mon Apr 23, 2018 5:14pm
Jan06 wrote on Mon Apr 23, 2018 8:32am:
a word of warning we had our property revalued after the sale had been completed, and faced a bill of 2500€ 3 months later I have recently found out this happens fairly frequently I would speak to your solicitor about this to see if the can advice.
Thank you for the advise, this is very helpful.
Keith
Posted: Mon Apr 23, 2018 7:16pm
Thanks Pete for the information
Keith
Posted: Wed May 2, 2018 1:41pm
Helpful member
The same happened to us we had a €1500 tax bill for under valuation. Totally different from the U.K. but in essence it’s just a government scam to get more revenue. I wonder if they will reimburse if you sell it later on and it didn’t meet the governments valuation? Doubt it
Posted: Wed May 2, 2018 8:47pm
Helpful member
I was sent a revaluation and told I owed 8700 euros 'complementaria'. I engaged a good lawyer and it took a year but I won my case. It is worth fighting if the amount is significant.
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