PROPERTY ACQUISITION

Buying a property in Spain means that you have to identify, understand and manage the different risks that are involved before, during and after your purchase.

We do this successfully for you through a careful and customized process.

EXAMPLES

• Break-down of total costs

• Purchase contract 

• Assessment of potential tax implications (e.g. wealth tax)

• Coordination of purchase process

• Presentation of NIE in tax agency

• Due dilligence of property
  

• Presentation and payment of relevant costs and taxes

• Change of name for electricity, water and gas

• Presentation of the public deed in the property register

 SALE OF PROPERTY

It is important that you, as a seller, negotiate the terms in the purchase contract, and understand the implications it might have for you. You will have obligations towards the buyer but also to the Spanish tax authority. 

EXAMPLES

• To look after your interests for the purchase contract and the public deed. 

• All relevant documents to the buyer that are conditioned to the sale, e.g. Cedula, Community certificate, Energy certificate, paid property tax etc.

• Calculation, presentation and payment of municipal tax (plusvalia)

• Assessement of any potential capital gain tax

• Presentation of tax declaration to Spanish authorities (modelo 210)

TAX

When buying, owning or selling a property in Spain it is important to uderstand that you are subject to several different types of taxes. It is also important to understand the implications that some of these taxes can have where you are fiscal resident.

EXAMPLES

• Tax assessment prior to becoming fiscal resident in Spain (including Beckham Law).

• Annual income tax declaration for non-residents (NRIT)

• Spanish inheritance tax

• Annual property & waste incineration tax for your property

• Consequences of capital gain tax incurred in Spain (when fiscal residency is outside Spain)

• Wealth tax assessment. We make a thourough analysis of your tax situation