Spanish Tax changes in 2010! And yes, it affects property!

As part of the package put together by beleaguered Spanish government, the VAT levels in Spain increase this year.

So why do we mention this in a property Blog? Well firstly because the VAT on restaurant bills goes up by 1%, something that really hurts us at Amazing Resorts, but, more importantly, the VAT on Spanish property, currently at 7%, will increase to 8% on July 1st, 2010.

So if you were wondering if it was worth waiting and waiting for that Spanish bargain, then we would recommend NOT paying that extra 1% to the Spanish tax office.

The Spanish property market has see quite a bit of movement in the last few months and some great great properties have gone for better than great prices.

To help you, browse through our fabulous selection of property on http://www.amazingpropertyinspain.com/ and then fly out and see us. We WILL find what you want and at better prices than anyone else.