Spain Real Estate News
Moving into a new home or second residence is exciting. The efforts spent looking for a house and negotiating to take out a mortgage are behind us. But it doesn't end there. Besides, we must handle other procedures to avoid fiscal, legal or administrative problems.
...continue reading "Procedures After Buying a Home in Spain: a Practical Step-by-Step Guide"
On January 1st, the new reference for the cadastral value came into force. This value serves as the basis when calculating some of the taxes we pay when purchasing or inheriting a property: Tax on Patrimonial Transmissions and Documented Legal Actions and Inheritance and Donations Tax.
...continue reading "The New Reference for the Cadastral Value in Spain: What it Consists of and What this Modification Implies"
The Spanish Tax Administration applies taxes on the property transmissions in accordance with a valuation method utilising the cadastral value of the property multiplied by coefficients.
It turns out that, according to art. 10 of the corresponding Law of Patrimonial Transmissions, the taxable base of the Tax is constituted by the market value of the property of the transferred good, but, according to art. 57.1 of the General Tax Law, the real value of the property transferred is determined by applying a multiplier coefficient to the assessed value of the property.
...continue reading "How can we calculate the transmission tax on a Spanish property?"
If you are a non-resident foreigner in Spain and do not know what taxes you have to pay when buying or selling your home, we help you to understand what taxes you have to pay. ...continue reading "What taxes does a foreigner have to pay to buy or sell their home in Spain?"
The Supreme Court has just concluded the controversy in a ruling that is contrary to the theory that all liquidations and self-liquidations must be annulled, even in those cases where there has been a gain. ...continue reading "Taxes on selling Spanish Property: Plusvalia tax"