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What are the local and/or national tax considerations in the country of purchase?

April 26, 2017considerations country local National purchase tax

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What are the local and/or national tax considerations in the country of purchase?

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National tax: 7% VAT in case of new buildings; and 7% transfer tax on any second transfer. The buyer has to pay the local taxes on increased values of real estate. If the seller is a company and the sale produces profits or capital gains, the company has to pay the Corporate Income Tax and if the seller is a person he also has to pay his annual income tax.