There have been a lot of harbingers of doom about Brexit and British citizens buying property and moving to Spain. However, on re-reading the Joint Report of the UK Government and the European commission of 8th December 2017 it is … Continued
Clients who own property in Spain are often concerned about both the taxes they will pay on sale and the transfer of their funds after sale. For British clients there can be the additional worry about converting the funds into … Continued
Ensure that the legal title is checked and that the property can be sold free of any debts and charges Establish with an English speaking independent lawyer if the property is fully licenced and that no administrative or legal sanctions … Continued
We are pleased to say that one year since this legislation came into effect many of our clients are now receiving registration numbers issued by the Junta de Andalucia for Holiday Rental properties. The registration document provides a VFT number … Continued
It is now eight months since the government introduced legislation to deal with claims against banks for maintaining interest rates above Euribor by including floor clauses in mortgages. The aim of the system was to prevent a high number of … Continued
Spain has a legal structure governing the banking and financial services sector. This is a body of administrative law and the legal framework incorporates rules and regulations on the control and financing of banks. An important part of the legal … Continued
Income earned on the rental of holiday properties in Spain has to be declared to Hacienda, the tax authority. The rate is now 19% but importantly there are a number of expenses that can be set off against the income. These … Continued
The Spanish tax authorities – Hacienda – have begun a new campaign to ensure that non-residents who own property in Spain do pay their taxes. For many years we have been advising property owners of the importance of paying this … Continued
On Friday 1 July the Marbella Congress, Fairs y Exhibitions Centre housed the first Congress that dealt with the Law relevant to Tourism. The event was organised by the Malaga Bar Association in collaboration with Marbella Town Hall. The seminar raised … Continued
We can now provide an update on the new law on holiday rentals in Andalucia. This will apply to all individual Urban rental properties and not solely to those owners who have three or more properties. The law will come … Continued
In Andalusia there are a number of properties, mainly private homes, on land not zoned for construction. Typically these properties have been built without a licence or without complying with the parameters of a building licence from a local authority, … Continued
REDUCTION IN TAXES FOR NON RESIDENT PROPERTY OWNERS We are very pleased to report a reduction in three important taxes for non-resident property owners in Spain. In moves to encourage property purchases and ownership the Spanish government has announced that … Continued
