CALCULATION OF SPANISH PLUSVALIA ON THE SALE OF PROPERTIES (UPDATED DECEMBER 2021)
MODIFICATIONS OF THE TRLHL IN THE IIVTNU («MUNICIPAL PLUSVALIA») BY RDL 26/2021 (BOE 9/11/2021, IN FORCE SINCE 10/11/2021). Sales of properties in Spain are taxed with 2 taxes: – Capital Gains – Tax on the profit obtained from the acquisition and the sale of the property . This tax is paid to the Central Government […]
TOURIST LICENSE – CIVIL LIABILITY INSURANCE OBLIGATORY
Recent normative requires for owners of properties for tourist license activity to obtain a Civil Liability Insurance to their properties. This insurance must cover exclusively accidents that guests may suffer during their stay. For example, a fall in the bathroom with creates personal injury in the guest. But, other damages caused by the guests to […]
SPANISH TIE – RESIDENCE CARD FOR EU CITIZENS
RESIDENCY IN SPAIN FOR EU NATIONALS EU nationals when investing in Spanish properties may have different purposes for the investment. In some cases, investors just want a holiday home as second residence to stay some part of the time in Spain. In some other cases, Spanish investors take the decision to come to Spain for […]
DECLARACION RESPONSABLE – CEDULA DE HABITABILIDAD – LICENCIA DE OCUPACION 2021
NEW NORMATIVE VALENCIAN REGION – SPEED UP THE PROCESS TO SELL NEW BUILDINGS The Occupancy License (in Spanish “Licencia de Ocupación” ) – also called “Certificate of Habitation” or “Certificate of Conformity” – is an enabling title to occupy a house/apartment, and certifies that the construction has been carried out according to the applicable regulations […]
HOW TO EXECUTE A UK TESTAMENT IN SPAIN
In order to execute an UK Testament in Spain, you need to present the Testament to a UK notary in order to: Confirm that it was the last Testament made by the deceased, and obtain the UK GRANT OF PROBATE To appointing you as legal inheritor of the deceased’s assets Then, the notarial documents from […]
DIFFERENCES BETWEEN MARRIAGE IN COMMUNITY OR SEPARATION OF ASSETS IN SPAIN
It is the spouses themselves who have to opt for one of the three modalities in the matrimonial agreements. Community of assets is imposed in the event that the contracting parties have not opted for any, except in the case of the Valencian Community, the Balearic Islands o Catalonia, where the regime of separation of […]
WHY USING A LAWYER WHEN BUYING A HOUSE IN SPAIN?
Why should you use a lawyer in the process of buying a property in Spain ?. Notary and lawyer/solicitor in the process of buying properties in Spain. The Spanish buying process is very similar to other countries. Foreign investors in the Spanish system will find many similarities with their home countries. But, however, also we […]
