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Termination of Co-Ownership, or Extinction of Condominium on Spanish properties Extinction of Condominium (EC) (or “Cancellation of Co-ownership”) consists in the transmission of the ownership of an asset, whcih cannot be divided, where one of the co-owners acquires the full ownership of the asset to the rest of the co-owners,
In Spain, unlike other countries, the sale of personal furniture between particulars pays taxes. There is widespread confusion in the real estate purchase system in Spain where it is believed that the sale of furniture between particulars does not pay taxes. That is why, sometimes, we fall into the mistake
QUESTION: Certicado de Antiguedad; how is it different from Habitation license? TLACORP ANSWER: A “certificado de antigüedad” is a certificate issued by an independent and private architect which confirms the age of a construction, in a process to legalize or to register that construction. “Certificate of Habitation” also called LICENCIA
Real estate yields in personal income tax. What are RETURNS ON REAL ESTATE CAPITAL ( Art. 22.1 Income Tax Law). Those derived from the lease or from the constitution or transfer of rights or powers of use or enjoyment over rural and urban real estate or real rights that fall
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