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 … Fortsættes
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 … Fortsættes
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 … Fortsættes
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 … Fortsættes
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 … Fortsættes
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 … Fortsættes
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 … Fortsættes
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, … Fortsættes
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 … Fortsættes
Taxes on Spanish property purchases – important information Property prices are now recovering but it may be some years before they reach pre crisis levels. When purchasing Spanish a property in Andalucia the transmission tax (stamp duty) is 8% of … Fortsættes
Many people will remember signing their Deeds, (Escritura), for their property at the Notary. Spanish Notaries are officials of the state and have extensive experience and knowledge. Sometimes the Notary asks a couple about their “matrimonial regime” and this can … Fortsættes
PLEASE NOTE THE NEW LAW HOLIDAY RENTALS LAW WILL COME INTO FORCE ON 12TH MAY – PLEASE READ OUR ARTICLE AT https://decottalaw.com/holiday-rentals-new-law/ FOR THE NEW RULES We are pleased to report that we have held another consultation with the Junta … Fortsættes
