When purchasing a property in Spain, there are a number of important legal documents you will need to obtain during the conveyancing process. This is usually done by your lawyer, but it’s vital that you are aware of what’s required so that everything is in order and that the sale proceeds with minimal fuss. Never […]
Once you have done all the checks that are appropriate in your case, and have been given the all clear by your lawyer, you can commit by signing a private contract and paying a deposit. As shall be explained below this is not the only way to proceed but it is the most common. In […]
There are no restrictions on buying property in Spain, whether it’s commercial, residential or land, whether you are a resident or non-resident. A foreigner will require a valid passport, a financial number and enough money. Speaking of which, time passed when a buyer could pay cash and get the keys. Ascertaining the legitimacy of the […]
Owners of rental property in Spain are liable to pay Spanish tax regardless of whether or not they are resident for tax purposes there. If you’re living in Spain for more than 183 days in a given tax year (1 Jan – 31 Dec) you’re considered a resident for tax purposes, even if you have […]
Costs for selling a property in Spain Agency commission (between 3%-6%) Capital gains tax (variable 19%,21%,23% for 2020) Income Tax Provision (Retención (3% non-residents only) Energy certificate (between 100-500 euros) Plusvalía Notary fees (Buyer) These are the costs for drawing up the deeds in Spain called the “Escritura”. In general, Spanish law states that these costs […]
When buying a Spanish property there are both costs for the buyer and seller. However, there are uncertainties as to which costs belong to the buyer and which to the seller. There is no fixed fee when it comes to selling a property in Spain as there are many factors that influence the amount of […]