You need to bear in mind that everyone who comes to the door is not always genuine. Bogus callers come in many guises; you can´t tell by looking at someone whether they are genuine. These are some handy tips, that should be followed when someone unexpected opens the door. Opening the door If someone rings the doorbell, the door or... Read more »
Reporting Law Of Overseas Assets For Spanish Fiscal Residents
REPORTING LAW OF OVERSEAS ASSETS FOR SPANISH FISCAL RESIDENTS Tax residents in Spain – generally speaking that’s anyone who spends more than 183 days a year here – must report any overseas assets they hold worth more than 50,000 euros (either of an individual type or a total of different assets) to the Spanish tax authorities. This is an... Read more »
Inheritance and Donation Tax in the Valencian Community
We have explained many times how there are taxes in Spain on the transfer of assets when a person dies (inheritance) and also on the transfer of assets when a person gifts them to another (donations), as there have been a number of changes in recent years. As Inheritance and Donation tax is collected and managed by the Autonomous Communities... Read more »
What are Golden Visas?
Many of you will not have heard of Golden Visas, which were introduced by Spain in September 2013 to aid the then ailing property market. A Golden Visa is when a Non EU person can obtain a Residency permit in exchange for investing in Spanish property (and other assets). This can develop into permanent residency if certain conditions are fulfilled.... Read more »
What Kind Of Processes Take Place in the Notary Office?
Q. WHAT KIND OF PROCESSES TAKE PLACE IN THE NOTARY OFFICE? A. Different purchase processes in Spain take place at a Notary, the equivalent of a Solicitor´s office in the UK and Ireland. Appointments are made for the required time and if the persons completing a transaction are not Spanish speakers, a Translator is required to be present at the... Read more »
Energy Efficiency Certificate
It is now law that all properties in Spain for sale or rent must have a valid Energy Performance Certificate. The certificate is valid for 10 years and will need to be produced at the notary when a property sale is due to complete. What is an energy certificate? It is a report that describes how efficient a home is in... Read more »
Parent has not paid any money under a Court Order?
Spain: What happens when a parent has not paid any money under the terms of a Court Order Unfortunately there are times that even though an agreement has been signed and stamped by a Judge, a non resident parent in the home (usually the father) does not make any payments to the other parent of a child or children. So... Read more »
Orihuela City
Orihuela (Spanish pronunciation: oriwela) is a city and municipality located at the feet of the Sierra de Orihuela mountains in the province of Alicante, Spain. The municipality has a total area of 367.19 km², and stretches all the way down to the Mediterranean coast, west of Torrevieja. The river Segura flows through the city. The city was settled by Romans... Read more »
Property Services
PROPERTY Services Purchasing a property can often seem like a daunting process. Our team assists so that you, the client, can relax in the full knowledge that the process will be made as easy and stress-free as possible. From double checking the legalities of the property purchase, to providing advice and contracts between both parties and translation in the Notary,... Read more »
Mortgage Floor Clauses
The European Court of Justice has ruled over the New Year on Mortgage Floor Clauses, which are the clauses put in a mortgage deed by some banks which basically meant that when interest rates went down the bank retained a minimum floor clause, so customers paid more interest. They are being seen as “abusive clauses” against the benefit of customers,... Read more »