Income Tax Deductions on Property in Aragon


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Buying Property in Spain : Income Tax Deductions Aragon

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Income Tax Deductions Aragon Due to the fact that there are 17 different autonomous communities in Spain each with competence to enact legislation on tax matters, we must consider each region separately in order to determine what, if any, tax breaks are available with respect to property purchase and ownership.

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The specific income tax deductions in each region are often in addition to any State level deductions and are a reflection of the priorities each region wishes to address. Spanish Property Law

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Currently, in Aragón there is only one regional tax deduction made available in relation to property purchase. Article 110-6 of Decreto Legislativo 1/2005 provides that any resident of Aragón who is a victim of terrorism may deduct 3% of any investment in a first home by the victim or close relatives. Victims of Terrorism

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Apart from any regional tax breaks there are state level income tax deductions available with regard to purchase of a primary residence as well as renting of the same. State Level Tax Breaks

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Simply put, the property transaction process in Spain is unique to this country with legal assumptions made here that just don't exist elsewhere Pitfalls Dealing with Property in Spain

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More information is available by downloading the free and comprehensive guide from myAdvocate Spain. It will help you to avoid the typical pitfalls the foreign buyers of property fall into as well as dealing with issues such as... Guide to Dealing with Property in Spain

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To find out how to deal with such issues as... Which legal checks on a property are vital to avoid any problems The step-by-step process of buying a property in Spain

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As well as... Typical ploys to watch out for to avoid being defrauded. Property taxes you pay and those you don't!

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And much more... Download the myAdvocate Spain guide to Dealing with Property in Spain by clicking on: Secrets to Dealing with Property in Spain Or for further information on the property purchase process specifically go to: Spanish property lawyers

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Always make sure to get information on a Spanish lawyer’s professional background as well as the legal fees they will charge before you commit to using their services. If you need a lawyer in Spain Consider this free service from myAdvocate Spain™: Lawyer Verification System

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More information and contact: Tel. +34 931 845 073

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