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spanish-legal-advice-solicitors

fincas in alicante

Certificate of Non-Residency must be produced for the Notario when signing the new Deed (Escritura) .

Obtaining these two items need not be complicated or time consuming and cost is negligible.

TAX RETENTION

Under legislation introduced in 1997 it is necessary for 5% of the declared purchase purchase price of a property to be retained by fincas in alicante the purchaser, or his representative, and for the money to be paid to the Spanish Inland Revenue within 30 days of signing for title deeds.

This is payable when the vendor is a non-resident of Spain in order to ensure that fincas in alicante that any taxes he may owe to the Spanish Inland Revenue are paid before he disappears into the sunset.

How the Spanish Tax System distinguishes between fiscal and nonfiscal residents and why this is important

- Spanish Income, Capital Gains, Wealth and Inheritance Taxes

- The Property Purchasing Purchasing Process in Spain - How to protect yourself! Plus information on fincas in alicante the functions of estate agents, lawyers, notaries and surveyors

- Tax Planning Methods - How and when they should be used; a discussion on Spanish anti-avoidance laws plus when Spanish and/or offshore companies should be considered

- - How to Set Up a Business in Spain; getting a Tax Identification Number; fincas in alicante the Spanish/UK Tax Treaty; Driving Licenses; Pensions; Health Care plus a detailed Useful Addresses Section

The law requires that every Community has its own rules and defines what parts of the Community property belong solely to to individuals and what parts fincas in alicante are jointly owned.

Each owner's share in the common property is clearly stated, dependent on the size of the owner's dwelling in comparison to others.

Each owner's share is called his 'cuota de participación' and is important in determining how much he will have

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properties buying advice in murcia

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