IBI, or Impuesto de Bienes Inmuebles, means the municipal real estate tax. This tax is charged annually by the municipality. Every IBI receipt shows the real estate property’s cadastral reference number (important for several other tax declarations) as well as the official assessed value of...
In case you purchase from a non-resident, you are legally obliged to deposit a three per cent of the total declared price with tax authorities in the name of the vendor as a guarantee of his taxes. If this obligation is not accomplished, then the...
There are two taxes and two expenses that must be paid: TAXES A) Transfer tax: In Spanish it is known as Impuesto de Transmisiones Patrimoniales (ITP), and in Andalucía is: 1) 8% for the stretch of the value of the real estate property declared in the...
Even though the written agreement they propose may go fine with you, for example when there are doubts about the willingness to reserve the property for you by the seller, it is rather probable that it will include a number of clauses more favourable to...
It is a digest of the property’s record into the Property Registry books, which will incorporate a mention to any mortgages or several other charges pending on the property as well as the true owner’s identity....
Declaring and registering a new building at the Property Registry in Spain is not a legally demandable action since for constructions as well as in general for several other real-estate transactions the rule is of voluntary registration. However, as for the case of registration of...
Yes, you can. But only in case the hidden defects existed by the time the sale took place and they are substantial defects (not unimportant, or small ones). The term you have to claim your money back is 6 months after the sale’s completion date....
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