Sale and purchase of real estate Archivos - Page 6 of 7

The new anti-fraud law in Spain: Cash payments

15 September, 2021FirmalexBusiness consultancy, Latest posts, Legal consultancy, Sale and purchase of real estate, Tax consultancy, Taxes in Spain

Cash transactions may not exceed 1,000 euros. On 11 July last year, new regulations came into force that set new limits for cash payments. Self-employed persons and SMEs are among the main parties affected. The Official Gazette published the regulation that can sanction those who continue to receive amounts of more than 1,000 euros for...

The new anti-fraud law in Spain: Property taxation

31 August, 2021FirmalexInheritance in Spain, Latest posts, Legal consultancy, Sale and purchase of real estate, Tax consultancy, Taxes in Spain

On 10 July, the Spanish Official State Gazette published Law 11/2021 on measures to prevent and combat tax fraud, in compliance with European directives. This regulation contemplates tax changes that particularly affect wealth taxes in the period up to 2022. Like almost all tax laws, its purpose is to increase tax revenue, but to achieve...

Taxes in Spain for non-residents and foreigners: Property taxes

6 August, 2021FirmalexLatest posts, Sale and purchase of real estate, Tax consultancy, Taxes in Spain

This article is part of our guide Taxes in Spain for non-residents and foreigners which you will find in our Taxes in Spain for foreigners section. Property tax This is the main local property tax affecting property owners in Spain. The amount of tax is calculated by reference to the ‘valor catastral’ (official property value)...

Taxes in Spain for non-residents and foreigners: Taxes payable on the purchase or sale of a property

2 August, 2021FirmalexLatest posts, Sale and purchase of real estate, Tax consultancy, Taxes in Spain

This article is part of our guide Taxes in Spain for non-residents and foreigners which you will find in our Taxes in Spain for foreigners section. Impuesto sobre Transmisiones Patrimoniales (I.T.P.) This is a tax payable when you purchase either agricultural land or a house/apartment/building plot from a private owner. It is generally 7% (it...

Taxes in Spain for non-residents and foreigners: Introduction

5 July, 2021FirmalexBusiness consultancy, Inheritance in Spain, Latest posts, Sale and purchase of real estate, Tax consultancy, Taxes in Spain

This article is part of our guide Taxes in Spain for non-residents and foreigners which you will find in our Taxes in Spain for foreigners section. The purpose of this guide is to provide an introduction to the basic and most common Spanish taxes that a non-resident (read this article to find out when it...

House rental agreement: Amendment of the deadlines for non-renewal termination

21 June, 2021FirmalexLatest posts, Legal consultancy, Sale and purchase of real estate, Uncategorized

Homeowners must give their tenants four months’ notice, not 30 days’ notice, that the tenancy will not be renewed. If homeowners fail to do so, they run the risk of the tenant being able to renew the lease for up to three years. Homeowners must give the tenant four months’ notice, rather than the current...

Real Estate Tax and vacant housing: Future changes

20 April, 2021FirmalexLatest posts, Legal consultancy, Sale and purchase of real estate, Tax consultancy, Taxes in Spain

Negotiations continue on the future housing law, which does not yet have a clear and definitive design. The parties in charge of the government are assessing the issue of empty homes and the levy to promote their release to the market, but they are far from being in full agreement on the limitation of rents....

Deposit contract or reservation contract: How to write a property or house sale contract in Spain without mistakes

15 March, 2021FirmalexLatest posts, Legal consultancy, Sale and purchase of real estate, Taxes in Spain

When it comes to buying and selling a property, it is important that all agreements are in writing. Our legal advisors can provide you with legal advice to ensure that everything is correctly written down and ready to sign when buying or selling a property. Because given its importance, this should not be an improvised act...

Do you have a property or bank account outside Spain? If so, you must file the FORM 720

Do you have property or bank accounts outside Spain and do you know that you have to declare them? All about the 720 tax form

23 February, 2021FirmalexLatest posts, Sale and purchase of real estate, Tax consultancy, Taxes in Spain

If you have a property, bank account or investments abroad, this is of interest to you. It is likely that you have never heard of this model, the 720 model. It is not a typical model like the 303 or the 130 that every businessman and self-employed person knows, as they deal with them every...

Pay attention to the marginal notes of tax nature that appear in the information of the register of property with regard to an immovable property

17 June, 2020FirmalexBusiness consultancy, Latest posts, Legal consultancy, Sale and purchase of real estate, Tax consultancy, Taxes in Spain

When a person or company is interested in acquiring a property in Spanish land, it is important to ask for advice to a real estate consulting firm, because they will offer you the best guidance throughout the whole buying process and help you understand the marginal notes in the register of a property. The nota...

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