Do I need to open a bank account when buying in Spain?
One of the most important points when buying a property in Spain is to open a bank account in Spain. Is this obligatory?. Before or later, is necessary to open a bank account in Spain if you decided to purchase a Spanish property. It will help you to pay and settle payments for utilities, local […]
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 […]
Wealth Tax Valencia Region updated 2025
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 […]
Buying rustic land properties in Valencia Rustic land
This is a small presentation of our Purchase Legal Assistance service on properties placed in Valencia Rustic areas. Valencia city is surrounded by spectacular mountains and countryside, with amazing views and nature. It is composed by local villages as: Turís, Olocau, Montserrat, Villamarxant, Montroi, Casinos, Naquera, Andilla, Alberic, Estivella, Godella, and Lliria. If case you […]
Tax on buildings-installations and works in Spain
The tax on constructions, installations and works (ICIO) is an indirect, municipal, voluntary establishment and management tax exclusively attributed to the municipality that establishes it. Taxable event The taxable event of the ICIO is constituted by the realization, within the municipal term, of any construction, installation or work for which the obtaining of a works […]
Militar Permit to buy rustic propertys in Spain for Non EU Citizens
Military Permit to Buy Rustic Properties in Spain for Non-EU Citizens Introduction If you are a non-EU citizen planning to purchase a rustic property in Spain, you may be required to obtain prior military authorization from the Spanish Ministry of Defence. This requirement, often unknown to foreign investors, can significantly delay or even block […]
Buying in Cooperatives- Spain
What is a Cooperative-Community of owners for building? A housing cooperative is a group of individuals who have the intention to have a house. For this purpose, they group theirselves in a cooperative with the aim of: Controling the construction project Obtaining it at the lowest possible price Controlling the construction process and quality materials […]
How much it costs to include my spouse in deeds – Spain
“I have a property by my own Spain. I have the 100 % of the ownership of the property. How much will it cost to change the title deeds to my wife’s name before I die, or to pass her 50 % of the property?” TLACORP ANSWERS: Please, be informed that to pass the property to your wife is considered […]
Guest Registration duties in Rentals
Guide to Royal Decree 933/2021 and Guest Registration in Accommodations (Entering in force Dec 2024) If you manage an accommodation business, you’ve likely heard about the new law published in Spain’s BOE (Official State Gazette) that has caused quite a stir: Royal Decree 933/2021. This legislation establishes requirements for the documentation and registration of guests. […]
Cancellation process of Spanish mortgages
Cancelling a mortgage in Spain is a process that many property owners may find confusing, particularly because it involves more steps than just repaying the outstanding loan amount. It’s essential to understand that while paying off the mortgage eliminates the debt itself, there are additional legal and administrative steps required to fully cancel the mortgage […]