Spanish Government Increases IVA from 1 September 2012

As from 1 September 2012, other than transport, tourism and foods which will increase from 8% to 10%, the remaining products that once benefitted from a reduced tax rate, like cinema, dental services, funeral services and hairdressing, will increase 13 points.

 The remaining goods and services, which until now took advantage of a reduced tax of 8%, are to rise 13 points and will now be taxed at 21% – the new general tax band.

 Cinemas, theatres, circuses, funeral parlours, health and dental services, hairdressers and florists, in addition to many more, will now increase from 8% to 21%.  The lower band of 4% for primary needs, not including first time home purchases, which will increase from 4% to 10% in 2013 and the deduction of IRPF (Personal Income Tax) for property purchase will cease in 2013.

 The Chancellor of the Exchequer and Public Works Minister finally confirmed on 13 July 2012 that the IVA tax increases would be made effect from 1 September 2012. 

 IVA will increase as follows

 Remaining at 4%

–        Milk, Bread, Eggs, Cereals, Vegetables, Fruit, Books, Albums, Sheet Music, Maps and Drawing Books, except electronic devices, Press and Magazines

 Increased from 4% to 10%

–        New build property purchase and the rental with option to buy (as from 2013).  The second hand property will be taxed via the Transmission Tax (ITP)

 Increased from 8% to 10%

–        Transport, Food Shopping Basket except those basic products already listed, Prescription Glasses, Lenses, Hotels and Restaurants, Reform and repair building work to property until the end of 2013 (when this will increase also to 21%).  The redevelopment will lose fiscal support, Trade Shows and Exhibitions

 Increased from 8% to 21%

–        Mixed services of Hotel Trade, Entertainment, Discotheques, Party Halls, Barbeques, Ornamental Flowers and Plants, Theatre, Circus and Bull Fighting Entrance Tickets, Digital TV Services, Funeral Services, Hairdressing Services, Artwork Purchases, Artist Services, Healthcare, Dental Care and Thermal Spa Cures, Amateur Sporting Events, Radio Broadcasting, Building Works, Artwork Imports, Antiques and Collection Pieces, Services to Athletes, Building and Repair Work

 Increased from 18% to 21% (Remainder of goods and services)

–        Products of intimate hygiene, Nappies, Alcohol, Tobacco, Electronic Books

 Should you  have any queries, please do not hesitate to contact us.

6 special architectural projects from Vives Pons & Asocidos

The home has always been a very important architectural symbol for all classes of society during the history of humanity be it for the “refuge” capacity, protecting us physically or psychologically or simply because it is just a “physical” expression of our way of life.

Nowadays, in this ever growing world there exists the possibility to “escape” from your environment, each day more urban and enclosed, in order to “reside” somewhere else, if only for a few days or simply via your imagination – this is what our clients look for.

We will show you, in 6 projects, a lifestyle characterised by the environment, climate, gastronomy, culture and entertainment in which the home continues to have the same importance that it always had but with a new undertone – an improved sense of well-being in addition to the transformation and connection with the environment.

Vives Pons & Asociados selected these projects, not only because of their magnitude but also because of the analysis required prior to the construction determining simple fundamental aspects such as: the design and orientation study – achieving a correct relationship with nature in addition to the bioclimatic comfort; a clear scheme in that the necessities and way of life of the client is adapted accordingly; the use of cutting-edge technology allowing the client to take advantage of the progresses made in order to achieve a better quality of life.

In each of these projects various professionals and international companies collaborated in some form or another.  Vives Pons & Asociados conducted the plot study prior to sale (including the legal and financial advice for the investment), the development of the architectural project, the interior design, the study of the environment and even the construction.

During the recent years of economic crisis there has been a great deal of time to reflect on the mistakes made during the construction boom; multidisciplinary professional offices work hard to bring back the investors ensuring they confide in the sector once more.  Vives Pons & Asociados is equipped with the necessary personnel qualified to develop and materialise your projects and investments with the highest security and guarantees.

Every month the blog will be updated with one of the 6 projects. We hope you enjoy watching them as much as we have done building them. We look forward to comments.