At Welex, legal & tax experts in Spain, the Purchase or sell a property in Spain does not have to be a too complicated procedure. Nevertheless, there is a series of recommendations that our Spanish law firm in Marbella would suggest to take into account when purchasing or selling a property in order to have [...]
Relevant information with regards to POA in Spain are mentioned at the Spanish Resolution of September 14th, 2106 of the so known Dirección General de los Registros y del Notariado Do you wish to sell your property in Spain? English speaking Spanish lawyer in Marbella wish you to line out the following to take [...]
When purchasing a property in Spain, in addition to the purchase price, the buyer must take into account the taxes and expenses that they will incur at the time of buying a property. First, we must differentiate between a new property purchased for the first time (new building), and a property that has already been [...]
Welex is an urban planning law firm in Marbella. Andalusia’s urban plan establishes a deadline of six years for the adoption of measures to protect urban legality and restore the disturbed legal order of buildings constructed outside the law. After this period, the administration cannot act on these buildings. However, this time limit (6 years) [...]
First, we would like to differentiate between properties that are acquired directly from the developer or under construction and the properties of second transmission, depending on whether it is one or the other properties referred, we will request to the vendor different documents. In this blog we are going to focus on Spanish properties of [...]
Rental - Deemed Income Tax All non residents owning a property in the Spain Territory have the legal obligation to present a Non Resident’s annual Tax Return. Even if your Spanish property is left empty or you do not rent it out to a third party, the Spanish Law presumes a “Deemed Rental Income” and [...]
Wealth Tax in Spain! Although the Spanish wealth tax was temporarily restored for the years 2011 and 2012, several tax measures have been taken since December 28th, 2012 in order to consolidate public finances and promote the economic activity in Spain. In 2013, the validity of the Wealth Tax was prolonged for the years [...]
Do you wish to sell or purchase a property in Spain? Who needs to pay the Real Estate Tax, the Spanish IBI, that same year? This matter is being regulated in the Law for Local Tax Offices, which establishes that the taxable event of this tax, the ownership is of the property right, amongst others, [...]
Practical cases. How are the following Spanish transactions levied? With VAT or the so called Transfer Tax and Stamp Duty? How is the purchase of a second hand computer levied that is purchased directly from a private owner or at an online shop? In case of purchasing the computer from the private owner, the purchase [...]
Do you own a property in Spain and to you rent it for turistic purposes? Most people who rent their Spanish properties for tourist purposes in Andalusia know that they have to register their properties at the regional authority called the “Junta de Andalucía”. However not everyone knows that when they are renting their properties, [...]
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