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How to Reclaim Payments made to Banks due to Abusive Mortgage Terms in Spain

16/01/2018
How to Reclaim Payments made to Banks due to Abusive Mortgage Terms in Spain

In this third and final article we are looking at the rights and responsibilities of property owners in Spain, we look at the rules that regulate Community meetings.

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Buying a Greenbelt Property in Spain

26/04/2016
Buying a Greenbelt Property in Spain

An architect’s report will specify whether, according to local bylaws and planning regulations, there is any possibility that a works licence will be conceeded

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Tax Demands sent by the Valencia Tax Authority likely Illegal

26/04/2016
Tax Demands sent by the Valencia Tax Authority likely Illegal

Many property purchasers in the Valencia Region may be able to claim against an illegal tax demand made by the Valencia Tax Agency

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Landlords: VAT must be charged if tenant carries-on business activity

26/04/2016
Landlords: VAT must be charged if tenant carries-on business activity

if your tenant decides to begin carrying-out a business activity in the rented property. In this case , you have the obligation to deduct VAT and then make the corresponding quarterly VAT declarations to the Spanish Tax Office.

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New Legal Requirement to Register Holiday Homes in Andalucia

31/03/2016
New Legal Requirement to Register Holiday Homes in Andalucia

The Decree provides that inspections will take place and that the owners of any property in which this activity is taking place, and that is not registered, will be liable to a fine of between 2001 € to 18,000 €.

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Tenants: Ensure the Return of your Deposit when your lease ends

31/03/2016
Tenants: Ensure the Return of your Deposit when your lease ends

Some tips for Tenants on how to avoid problems with the return of their deposit when leaving a Rented Property in Spain.

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Tax Implications of Property Distribution in Spain following Divorce

26/02/2016
Tax Implications of Property Distribution in Spain following Divorce

for the tax benefits available and the simplicity of the subsequent registration procedure, such agreements should be clearly incorporated into the Divorce Agreement

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Potential Pitfalls of buying an old property in Spain

26/02/2016
Potential Pitfalls of buying an old property in Spain

Many properties from the beginning of the 20th century do not follow the current legal system. For example, some of them do not even comply with the urban development plan

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All You Need to Know About…Taxes & Costs When Buying or Selling Property in Spain

25/02/2016
All You Need to Know About…Taxes & Costs When Buying or Selling Property in Spain

For EU citizens, only the costs that are directly related to the generation of the rental income are deductible (e.g. agents fees, cleaning, laundry, repairs and maintenance).

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Dissolution of Property Co-Ownership in Spain

29/11/2015
Dissolution of Property Co-Ownership in Spain

What happens when a relationship comes to an end and one partner wishes to sell the property while the other does not?

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Selling a Property in Spain: Taxes and Other Costs

29/11/2015 0 Comments
Selling a Property in Spain: Taxes and Other Costs

It is worth noting that nowadays this tax is somewhat questionable …for this reason… some Courts have expressed opposition to the interpretation of the law by the Town Halls, considering that in order for the Plus Valia tax to be payable, it is necessary for there to exist a real increase in the value of the property.

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Dealing with Illegal Properties in Ibiza

28/09/2015
Dealing with Illegal Properties in Ibiza

On this island there are a high number of buildings or extensions to existing buildings that do not comply with the existing planning rules and do not hold the necessary permits and, consequently, are not legal.

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Existing Properties in Gran Canaria subject to new Tourist Planning Regulations

26/09/2015
Existing Properties in Gran Canaria subject to new Tourist Planning Regulations

Upon failure to comply with the established use intended by the original planning approval, property owners may be sanctioned to the extent permitted by Law 2/2013

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Did you lose money on an unfinished off-plan property in Spain? If so, a legal remedy may be available…

29/06/2015
Did you lose money on an unfinished off-plan property in Spain? If so, a legal remedy may be available…

Those who bought an ‘off-plan’ property in Spain but did not in fact ever receive the completed property may after all have a legal remedy and obtain the return of any money paid as a deposit. Article 1 of Law 57/1968 regarding the receipt of advanced payments towards the construction and sale of residential property, […]

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Non-Resident Taxes on Imputed Rental Income & Capital Gains Tax

29/06/2015
Non-Resident Taxes on Imputed Rental Income & Capital Gains Tax

All non-resident residential property owners in Spain as of December 31st 2014 will need to make a tax return during 2015 in respect of their Spanish property. The tax rate is 24% and is applied to 1,1% of the ‘catastral’ value of the property.

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Legal Rules that Regulate Meetings of a Community of Owners

29/06/2015
Legal Rules that Regulate Meetings of a Community of Owners

In this third and final article we are looking at the rights and responsibilities of property owners in Spain, we look at the rules that regulate Community meetings.

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Precautions to take when Buying a Recently Constructed Property in Spain

29/06/2015
Precautions to take when Buying a Recently Constructed Property in Spain

So, how can the purchasers be certain that they will acquire good title, without the possibility of problems with reselling the property in the future?

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Legal Advice When Buying Property in Spain

27/06/2015
Legal Advice When Buying Property in Spain

If you are planning to buy a property in Spain, we recommend that you take the following steps in order to ensure that your purchase is safe and secure, conferring good title that you may sell again in the future or transfer to your loved ones without any hitches: Contact a lawyer in the area […]

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Liability for Non-Payment of Property Management Fees in Spain

14/05/2015
Liability for Non-Payment of Property Management Fees in Spain

Who is legally obliged to pay the property management fees? Does a new owner of a property become liable for the accumulated debts of the previous owner?

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Golden Visa: The process for obtaining residency in Spain via property investment

02/05/2015
Golden Visa: The process for obtaining residency in Spain via property investment

Law 14/2013, which provides the legislative support for the government’s plan to support the creation of new businesses in Spain, allows for the possibility of a residence visa – initially with a duration of one year

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Advantages and disadvantages of buying a property in Spain using a Limited Company

17/04/2015
Advantages and disadvantages of buying  a property in Spain using a Limited Company

Are there are advantages to buying a property in Spain via a limited company? Would you be better off setting-up a separate Spanish Company? What about the potential future issues such as capital gains tax and inheritance tax.

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The Community of Property Owners in Spain

08/04/2015
The Community of Property Owners in Spain

What is a Community of Property Owners and how does it function? In fact, it is a fundamental institution in Spain that impacts on individual owners of properties in Spain and it is vital that any property owners in Spain understand how it works!

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Thinking of buying a repossessed property in Spain? Beware the hidden costs…

16/03/2015
Thinking of buying a repossessed property in Spain? Beware the hidden costs…

Thinking of buying a repossessed property in Spain? Beware the hidden costs…

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Tax Consequences of Divorce and Property Distribution in Spain

12/03/2015
Tax Consequences of Divorce and Property Distribution in Spain

What is the most tax efficient way of distributing property in Spain among co-owners when going through divorce proceedings?

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Selling a Property with a Sitting Tenant

12/03/2015
Selling a Property with a Sitting Tenant

What rights does a sitting tenant have when the landlord wishes to sell the property they are living in?

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Purchasing a Property in Spain with a Power of Attorney

11/03/2015
Purchasing a Property in Spain with a Power of Attorney

How you can purchase a property in Spain even if you have to leave to return home before you have time to complete the purchase.

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Don’t forget to register ALL deeds on the Land Registry when Buying a Property in Spain

26/02/2015
Don’t forget to register ALL deeds on the Land Registry when Buying a Property in Spain

Failure to ensure that all deeds are registered on the Land Registry when Buying a Property in Spain can lead to difficulties later when trying to sell the same property…

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