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Touristic marketing of housing in the Balearic Islands
The Touristic Law 8/2012, of the Balearic Islands, plans the possibility of touristic marketing of housing, normally destined for residential use, even though in quite restrictive terms. Its regulation is basically found in the Articles [...]
NEW IMPORTANT OBLIGATION OF THE RESIDENTS IN SPAIN: TO INFORM ABOUT ALL KINDS OF ASSETS AND RIGHTS THEY HAVE ABROAD.
An obligation for 2012, with serious consequences if not carried out. Any person, residing in Spain, who is a titleholder of assets and rights located abroad (bank accounts, values, real estate, insurance, etc.) must give [...]
SELLING PROPERTIES, BEFORE THE BANK TAKES THEM AWAY. IS IT A CRIME?
Selling properties or any other goods, having a pendant debt can be a crime, which might imply prison for up to 4 years. Therefore, one must be careful. However, selling properties or other goods before [...]
COPY PLEASE! (COPYLEFT) ; )
Some time ago we have created a blog where the lawyers, tax advisors and economists from DMS- Consulting frequently publish news and reports about every legal subject (labor law, administrative law, tax law, civil law, [...]
TAXATION of REAL ESTATE INVESTMENT in SPAIN by non-residents
TAX OBLIGATIONS FOR REAL ESTATE PURCHASE BY NON-RESIDENTS IN SPAIN a) The SELLER IS A PRIVATE INDIVIDUAL The buyer must pay to the Balearic Treasury the PROPERTY TRANSFER TAX (ITP) on a scale of 7 [...]