Monthly Archives: January 2014

Madrid cuts taxes to encourage investing in flats and homes

Effective on January 1st 2014, a tax reduction in the Madrid region will basically benefit the second-hand home buyers.  However, in the municipal budgets of the city of Madrid, a possible increase of the IBI (equivalent to what in the UK is called the Council Tax) of 6.4% is being established.   With the brilliant idea of reactivating the current sluggishness of the housing market