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HOW MUCH IT COSTS TO INCLUDE MY WIFE/CHILDREN IN THE DEEDS OF MY SPANISH PROPERTY?

HOW MUCH IT COSTS TO INCLUDE MY WIFE/CHILDREN IN THE DEEDS OF MY SPANISH PROPERTY? 300 251 TLA

“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 in Spain as a «DONATION». And, in Spain, the taxes to pay for a donation are extremely high, as much as high as Inheritance Tax.

One way cheaper than a Donation to pass a part, or the full ownership of the property to your wife, is making A SALE. The expenses in this case  must be studied with the particular case, but to you to have an idea:

  •  8-10 % of the share to pass to the other part as Transfer Tax
  •  Notary + Lan Registry = 2.000 EUR approx.
  •  3% of the share to pass to the other part as Capital Gains retention
  •  Local Plusvalia: To confirm
  •  Legal Fees = To consult

Please, do not hesitate to contact us for any help you may need from us in this special case. We will be delighted to help you.