REAL ESTATE PURCHASE AND SALE – PAYMENTS TO THE NOTARY ACCOUNT vs OPENING A BANK ACCOUNT IN SPAIN
For years and even decades, the following form of payment has been very common in Spain: Partial payments or on account of the final price : This type of payment is made through bank transfers , either to the account of the agent or representative of the seller, or to the account of the seller […]
GENERAL ASPECTS OF THE NEW LAW OF HOUSING IN SPAIN – MAY 2023
Law 12/2023, of May 24, for the right to housing (Ley para el Derecho de acceso a la Vivienda). Click here to see the law . I.- GENERAL ASPECTS The Law for the Right to Housing entered into force on May 26, 2023 after being published in the Official State Gazette (BOE). Despite the criticism […]
CHANGES IN THE HOUSING LAW THAT AFFECT THE BUYING PROCESS RESIDENTIAL PROPERTIES IN SPAIN – A NEW SCENARIO FOR THE PURCHASE OF PROPERTIES IN SPAIN
Law 12/2023, of May 24, para el derecho de la Vivienda . Click here to see the law This law introduces, among other things, a fundamental advance in the protection of the rights of buyers and tenants of residential housing against builders and property owners. The law declares the provision of transparency in the process […]
CONSTRUCTION OF HOUSES ON RUSTIC LAND IN ANDALUSIA – updated 2023
Can you build residential homes on rustic land in Andalusia? The answer is yes. Andalusian legislation allows the construction of residential homes on rustic land, and it does so through the figure called “extraordinary actions on rustic land”. This regulation is based on Decree 550/2022, of November 29, which approves the General Regulation of Law […]
SETTING UP B&B IN ANDALUCIA-TOURIST -CASA RURAL- AND RUSTIC RENT
HOW TO SETTING UP A BED AND BREAKFAST IN ANDALUSIA There is a wide confusion around what a Bed and Breakfast (B&B) is, its concept, its regulation, its taxation, and its treatment. 1.- CONCEPT – WHAT IS A BED AND BREAKFAST (B&B) It is a concept that has its origin outside of Spain. Historically it […]
Dutch-company Director’s loan formalization when buying Spanish properties
In the Netherlands, it is very common for the partners and directors of Dutch companies to withdraw the money that belongs to the company to use it for private purposes. In the case at hand, as experts in real estate law, we find that investor clients of Dutch nationality use the funds of their company […]
ABSENCE OF CERTIFICATE OF HABITATION IN ANDALUCIA- DECLARACION RESPONSABLE
Which is First Occupation License and Second Occupation License in Andalucía? In Andalucía, there are two main types of occupancy permits, each serving a different purpose: License of First Occupation: This is for brand new buildings. It’s a way for the authorities to confirm that a newly constructed building is safe and meets all the […]
WEALTH TAX – VALENCIA REGION UPDATED 2023
Taxable event Be the owner of goods and rights in Spain of economic content before December 31 of each year. Taxable Only natural persons. Legal persons (companies, societies, etc.) are not taxed by this tax The following: In general, natural persons who have their habitual residence in Spanish territory are taxed by personal obligation, who […]
SPANISH TAXES PAYABLE WHEN BUYING PLOTS OR LAND FOR CONSTRUCTION
For the correct identification of the Spanish taxes derived from the purchase of a plot or land intended for construction, several factors must be taken into account: Tax status of the seller Tax status of the buyer Nature or urban classification of the land or plot Nature or urban classification of the construction NATURE OF […]
IMPÔT SUR LES CONSTRUCTIONS, INSTALLATIONS ET TRAVAUX
L’impôt sur les constructions, installations et travaux (ICIO) est un impôt indirect, communal, volontaire d’établissement et de gestion exclusivement attribué à la commune qui l’institue. Événement imposable Le fait générateur de l’ICIO est constitué par la réalisation, sur le territoire communal, de toute construction, installation ou ouvrage pour lequel l’obtention d’ un permis de travaux […]