1. CURRENT TAXATION OF NON-RESIDENTS WITH ASSETS IN SPAIN 1.1. NON-RESIDENTS OF COUNTRIES WITHOUT DOUBLE TAXATION AGREEMENT [DTA, hereinafter, Spanish initials: CDI] WITH SPAIN OR WITH CDI WHICH DOES NOT INCLUDE THE WEALTH TAX [IP] Real Estate appraisal Deduction of charges or debts in relation to the properties Applicable legislation and minimum exemption Special tax [...]
Dangers of aligning information about a property in the Cadastral and Land Registers In a recent case, my client learned from a friend that his small garden shed was for sale on a real estate agency’s page on the internet. His neighbour had made the graphic coordination of the plot in the cadastral register and [...]
The Royal Decree Law No. 11/2018 has recently reformed Law 10/2018 of 28 April on the Prevention of Money Laundering and the Financing of Terrorism. An additional provision now requires all-natural persons and legal entities to register in the commercial register in case they provide one or more of the following services (as provided for [...]
Nowadays the sale of a property is covered with a great documentary and technical complexity. Indeed, when dealing with operations of high economic and vital relevance, there are many constraints that should be considered. Therefore, if you plan to sell a property you should have prepared the following documentation. PROPERTY REGISTER EXTRACT Firstly, it [...]
RULING No. 242/2018 OF 19/2/2018 HAS IMPORTANT CONSEQUENCES FOR TRANSFER AND GIFT TAX … AND FOR FORM 720! The Court of Justice of the European Union Ruling of 3/9/2014, Case C-127/12, ruled against Spain because the regulations of the Transfer and Gift Tax in force until then did not allow the application, in inheritance and [...]
We have started 2018 without Property Tax in Spain, as there is a full tax relief. We do have to pay the Tax for 2017 (tax returns can be filed till the end of June 2018) because Royal Decree-Act 3/2016, of 2 December (Official State Gazette, BOE, of 3/12/2016), eliminated that tax relief for 2017, [...]
1.- CONTRACT A LAWYER SPECIALIZED IN REAL ESTATE LAW It’s obvious, nevertheless it's the most important advice you can be given before starting the complex process of buying a house abroad. 2.- LAND REGISTRY Before you complete your property purchase you should make sure that you have seen the Land Registry Certificate, available from [...]
