#!/usr/local/bin/php ARCHIVES

Archives: January 2007

Wed Jan 10, 2007

NEW WITHOLDING TAX ON PROPERTY SALES - LAW 35/2006, 28th NOVEMBER

The party acquiring the real-estate property, regardless of whether or not said party is a resident of Spain, is obliged to withhold 3% of the agreed sales price and pay it to the tax office. For the seller, said withholding shall be deemed payment at source of the capital-gains tax corresponding to the conveyance of the property.

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Posted by: Jose Escobedo on Jan 10, 07 | 11:28 pm | Profile

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