Monthly Archives: November 2012

Change in Law for Residency for Russian,Chinese etc

Posted by Daniel Martinez in Legal Matters | Tagged , , | 2 Comments

Spain looks to be changing its laws in relation to application for residency for countries such as Russia,China,Middle East, Egypt,South America etc.  If the new regulations come into place it would mean that property purchased over the value of 160.000€ … Continue reading

Tax Benefits of Purchasing in 2012

Posted by Daniel Martinez in Post Property Transaction Information, Spanish Property Tax | Tagged , , , , , | Leave a comment

The government announced this year that anyone purchasing a property before 2013 will be entitled to a 50% discount on Capital Gains tax when they come to sell in the future. Also those who are fiscal tax residents and purchase … Continue reading

Increase of PurchaseTax for 2013

Posted by Daniel Martinez in Before Property Purchase, Post Property Transaction Information, Spanish Property Tax | Tagged , , , , | Leave a comment

This is only currently applicable to New developments/promotions. i.e properties that are being sold for the first time.  This puchase tax is NOT the standard ITP (impuesto de Tramisiones Patrimoniales) BUT is actually IVA (VAT).  The central government announced that … Continue reading

Lawyers-Solicitors in Spain

Posted by Daniel Martinez in Before Property Purchase, Legal Matters, Post Property Transaction Information, Spanish Property Tax | Tagged , , , , , , , , | Leave a comment

Do you Need a Lawyer/Solicitor When Buying or Selling? In Spain , you may sometimes come across estate agents who may advise you not to use a lawyer , they may say it is simply not necessary and they actually … Continue reading

After Purchase Checklist

Posted by Daniel Martinez in Post Property Transaction Information | Tagged , , , , , , , | 1 Comment

After your Purchase, it would be advisable that you follow the following checklist to be sure that you can enjoy your new home in the best possible way. Change the locks Direct Debit your Community fees Direct Debit IBI tax … Continue reading

Reserving the Property

Posted by Daniel Martinez in Before Property Purchase | Tagged , , , , , , , , | 2 Comments

Reservation Process In order to take a property off market a reservation fee of between 3000€ to 6000€ is normally required.  This is known as the initial reservation and may be held by the agent, lawyer or vendor.  This form … Continue reading