Portal de Totana

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Youth encourages people interested in buying a property before the VAT hike, to attend the round table (17/05/2010)

This initiative is part of the campaign "Save Now!" Which aims to encourage homeownership to the forthcoming rise in VAT and the new income tax deduction for the purchase of a home.

The councilman of Youth, Josefa María Sánchez Méndez, encourages anyone interested in buying a house before the VAT hike to learn more in depth features surrounding this reform to attend this afternoon at 20: 00 hours in Socio-Cultural Center Jail, where three experts from different administrative agencies of the municipality along with the president of the Association of Promoters of the Region of Murcia respond to all questions raised at a round table.

This initiative is part of the campaign that the City Council and the Association of Employers of the Construction of Low Guadalentín, AEMC, have been launched under the campaign "Save Now!" Which aims to encourage home purchases to the next higher VAT and the new income tax deduction for the purchase of a home.

The campaign, jointly organized by the Department of Youth, Housing and Consumer Affairs and AEMC, aims to inform, mainly young people who plan to purchase your first home, on tax credits that change to the tax reform promoted by the central government, such as reported by the councilman of Youth.

To do this, have published leaflets and posters giving information on the advantages that can benefit those who purchase a home before July 1.

The councilman pointed out that individuals with incomes of more than 24,107 euros to buy an apartment in 2011 no longer have the income tax deduction.

In addition, he noted, the deduction can deduct in the tax declaration for 15 percent of what you pay each year towards the mortgage to the top of 9,040 euros, although this deduction will decrease from 2011 as income rises from 17,707 euros to 24,107 euros (gross revenues).

The new building housing (including public and private protection) will be taxed 8 percent, meaning that on average 2,000 euros more expensive, according to estimates by the Promoters and Builders Association of Spain (APCE).

Source: Ayuntamiento de Totana

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