Property not sold- Who pays agent’s commission?
There is a popular misconception on the agent’s commissions on Spanish property sales. It is understood that agents collect their commissions only on completion, and when the sale has been successfully completed. But, what’s the real position of the agents by the Spanish laws? AN EXAMPLE: When the buyer pull out the sale without “reasonable […]
Expropriation of properties in Spain-Land’s Grab
Expropiation in Spain – Spanish property expropriation An expropriation is defined as “to take land without consent of the owner …”. It is hard to imagine an exercise of governmental authority that can have a more direct impact on an owner’s property rights than the taking of an owner’s land without the owner’s consent. As […]
Repossessed properties in Spain. Conveyance and practical aspects
TLACORP lawyers are experts in conveyance, and real estate, with wide experience in Spanish repossessions. This is an activity that we have developed during the recent years with high levels of efficacy and success to our clients. As you could see in this special section of repossessed properties, the decision to buy this kind of properties is adequate […]
Steps to follow when someone dies in Spain?
Steps to follow after the decease of a relative or family member in Spain In the majority of cases, when a family member pass away, we found ourselves in a situation in which we do not know what to do with documents, and steps to follow. These kind of actions improves the stress and the […]
How to execute Belgian Testament Spain
How to Execute a Belgian Testament in Spain When a person with assets in Spain passes away and leaves a Belgian will (Testament), certain legal procedures must be followed in order to execute that Testament under Spanish law. Step 1: Legalisation and Translation of Belgian Testament To begin the process, you must present the Belgian […]
How to execute Swiss Testament in Spain
In order to execute a Swiss Testament in Spain, you need to present the Testament to a Swiss notary in order to: Confirm that it was the last Testament made by the deceased, and obtain the Act of the Succession and the Declaration of Heirs. To appointing you as legal inheritor of the deceased’s assets […]
How to execute Netherlands Testament in Spain
In order to execute a Dutch Testament in Spain, you need to present the Testament to a Holland notary in order to: Confirm that it was the last Testament made by the deceased, and obtain the Act of the Succession and the Declaration of Heirs. To appointing you as legal inheritor of the deceased’s assets […]
How to execute USA Testament in Spain
In order to execute an USA Testament in Spain, you need to present the Testament to a USA notary in order to: Confirm that it was the last Testament made by the deceased, and obtain the USA GRANT OF PROBATE To appointing you as legal inheritor of the deceased’s assets Then, the notarial documents from […]
How to execute German testament in Spain
In order to execute a German Testament in Spain, you need to present the Testament to a German notary in order to: Confirm that it was the last Testament made by the deceased To appointing you as legal inheritor from the decesased’s assets Then, the notarial documents from the notary must be: Apostilled with the […]
Reduction of Inheritance Tax – Example
BRIEF EXPLANATION ON DIFFERENT WAYS TO BUY THE PROPERTY PRICE OF ACQUISITION:827.000 EUR / VAT : 82.700 EUR (10% on the price – it’s a NEW building) A+B are a married couple with two sons “I” and “II”. A+B want to buy a NEW BUILDING in Malaga, and, before buying, they consult our company in […]