{"id":11814,"date":"2021-10-04T10:33:18","date_gmt":"2021-10-04T08:33:18","guid":{"rendered":"https:\/\/ajforsmanabogados.com\/?p=11814"},"modified":"2021-11-28T19:03:46","modified_gmt":"2021-11-28T18:03:46","slug":"the-ideal-moment","status":"publish","type":"post","link":"https:\/\/ajforsmanabogados.com\/en\/the-ideal-moment\/","title":{"rendered":"The ideal moment to invest into real estate is this year. Tax reduccion in Andalusia."},"content":{"rendered":"\t\t
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ATTENTION!!! According to Law 5\/2021, of October 20, on Assigned Taxes of the Autonomous Community of Andalusia, the Property Transfer Tax (ITP) is maintained at 7% and Tax on Documented Legal Acts (ADJ) at 1.2% after from 12.31.2021.<\/strong><\/p>

\u00a0<\/p>

The ideal moment to invest into real estate is this year. <\/strong><\/p>

Tax reduccion in Andalusia. <\/strong><\/p>

Property Transfer Tax and the Documented Legal Acts Tax reduction.<\/p>

At the time of real estate purchase we all have to pay the Property Transfer Tax. This tax can involve a very large outlay for the client and even make him choose another property considering the total price of acquisition .<\/strong><\/p>

As a general rule, the Property Transfer Tax in Andalusia amounted to the following values:<\/p>

\u00a0– For any property whose value does not exceed 400,000 euros – 8%<\/p>

\u00a0– For properties whose value is between 400,000 and 700,000 euros – 9%<\/p>

\u00a0– For properties whose value exceeds 700,000 euros – 10%<\/p>

Faced with the crisis situation caused by the coronavirus pandemic, the administration decided to introduce changes, in order to reactivate the economy<\/strong> and promote operations in the Andalusian real estate market, reducing the Property Transfer Tax (PTT) and Documented Legal Acts Tax (DLAT) rates.<\/p>

According to Decree-Law 7\/2021, of April 27, on reduction of the tax on Patrimonial Transmissions and Documented Legal Acts, the rates for Patrimonial Transmissions are reduced from those previously described to a single tranche of the 7% tax on the purchase value.<\/strong><\/p>

In this way, homes with a value greater than 700,000 euros will have a 3% savings<\/strong> in this tax, for example, in the case of buying a property of 1,000,000 euros, this means a saving of 30,000 euros.<\/p>

This reduction will be in force between 04\/28\/2021 and 12\/31\/2021, so that as of January 1, 2022 the tax will return to its usual rates.<\/p>

The Tax on Documented Legal Acts during the same period, described above, will have a general applicable rate of 1.2% compared to the 1.5% of the usual rate in Andalusia<\/strong>. With the same example of a home purchased for 1,000,000 euros, the savings amount to 3,000 euros, which together with the savings in ITP would sum up a total of 33,000 euros less expenses.<\/p>

Taking into account the terms of the reduction, our professional team considers it very beneficial for our clients to think about the purchase of a property in 2021, since from January the acquisition only due to the effect of taxes will increase between 1% and 3.3% .<\/strong><\/p>

<\/p><\/div><\/div><\/div><\/div><\/div><\/section><\/div> …

The ideal moment to invest into real estate is this year. Tax reduccion in Andalusia.<\/span>Read More »<\/a><\/p>","protected":false},"excerpt":{"rendered":"

ATTENTION!!! According to Law 5\/2021, of October 20, on Assigned Taxes of the Autonomous Community of Andalusia, the Property Transfer Tax (ITP) is maintained at 7% and Tax on Documented […]<\/p>\n","protected":false},"author":1,"featured_media":11815,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[16,15],"tags":[],"class_list":["post-11814","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ajforsmanabogados.com\/en\/wp-json\/wp\/v2\/posts\/11814","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ajforsmanabogados.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ajforsmanabogados.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ajforsmanabogados.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ajforsmanabogados.com\/en\/wp-json\/wp\/v2\/comments?post=11814"}],"version-history":[{"count":0,"href":"https:\/\/ajforsmanabogados.com\/en\/wp-json\/wp\/v2\/posts\/11814\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ajforsmanabogados.com\/en\/wp-json\/wp\/v2\/media\/11815"}],"wp:attachment":[{"href":"https:\/\/ajforsmanabogados.com\/en\/wp-json\/wp\/v2\/media?parent=11814"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ajforsmanabogados.com\/en\/wp-json\/wp\/v2\/categories?post=11814"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ajforsmanabogados.com\/en\/wp-json\/wp\/v2\/tags?post=11814"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}