Ten Years Insurance on Spanish properties
(Seguro Decenal) When you buy off-plan from a builder or developer, or you, by yourself, build new property, the builder or developer, together with the architect, must guaranty you that the essential and most important parts of the construction will be secure at least for ten years, following the Spanish laws. In order to confirm this […]
Increase of previous years Council Tax (IBI) for undeclared constructions
When you own a property in Spain, it’s crucial to ensure that all constructions, including any extensions or modifications, are properly declared to the Cadastre (Catastro), the official register of property for tax purposes. Failing to do so can lead to unexpected tax adjustments and financial liabilities, particularly when you decide to sell the property. […]
Inspections on banks for property owners by Spanish Tax Office
The Spanish Tax Office, known as the “Agencia Tributaria” (or simply Hacienda), has significantly ramped up efforts to monitor and control the financial activities of individuals and businesses within Spain. This enhanced scrutiny is part of a broader strategy to combat tax evasion and ensure that all residents, including foreign nationals living in Spain, are […]