Modern villa
Modern villa
Where to buy a modern villa?
Many people think about where to buy a good modern villa. Indeed, finding the property of your dreams is not so easy. To do this, you need to know where to look and how not to fall for scammers. Purchase rules vary by country. Of course, each place has its own terms and conditions of purchase. Now we will analyze the basic and most common rules for buying real estate. But before that, you must choose a reliable place where you can look at the options. The most reliable site is https://housetenerife.eu/property-type/villas/. There you will be able to choose the ideal villa with modern renovation and excellent location. Tax Features The purchase of real estate requires the application of a registration tax calculated at 9% of the purchase price (although this varies by country). When a sale is made to individuals who are not purchasing for professional purposes, the tax base for the registration tax may be calculated using a system called price-value. This method allows for great savings since usually the tax base is calculated based on the cadastral income multiplied by 1.05 and a factor of 120. This is lower than the tax base determined by the purchase price. In addition, when the buyer asks the notary to apply the price-value method, the tax office will not conduct any subsequent checks to ensure that the declared sale price and the value of the property match. In short, there are no tax charges. Let's say it's an investment and you want to buy and then rent it out. In this case, the purchase made as a private person allows you to have tax advantages, that is, if a private person is indicated in the lease agreement by the lessor, taxation with a fixed coupon rate is possible. Taxation is even reduced to 10% if the lease is negotiated at an agreed rate. The main advantage is represented by the deduction of the purchase price of the property. The same can be deducted from the tax base at 3% per annum up to the entire amount and as a depreciation rate. Of course, this leads to tax savings. There may be additional benefits during generational change. In the case of transfer of property from a parent to children by inheritance or gift, taxes are applied, which are not payable in the case of transfer of property through a change of generations within the company. In addition, if the inheritance includes the transfer of real estate (donation or inheritance), which includes a change of generations, mortgage, and cadastral taxes are not paid. Eligible expenses that may incur deductions include condominium expenses and ordinary and extraordinary maintenance expenses.
Modern villa 