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spanish-legal-advice-solicitors

houses in torrevieja

The responsibility for ensuring that the money is retained and paid to the Spanish Inland Revenue is placed on the purchaser and it is then up to the vendor to instruct his fiscal representative to claim the money back if tax is not due.

If the vendor is a a resident of Spain, then there is no need to retain houses in torrevieja the 5% as the vendor would be expected to be making his own tax returns on a regular basis.

THE COMMUNITY OF OWNERS

Most people who buy a house or apartment in Spain will become a member of of a Community of Owners.

houses in torrevieja The law regarding the legal rights and obligations of owners is contained in part of the Spanish Civil Code called the Ley de Propiedad Horizontal (Law of Horizontal Ownership) .

This law applies to separate houses or terraced properties and to developments of high-rise apartments where where houses in torrevieja the ownership could be said to be vertical as well as horizontal.

Whenever parts of the buildings are jointly owned, or where there are gardens or swimming pools common to all, and when owners share the cost of maintenance and services, then there is 'horizontal ownership' and this law law applies.

It enables a Community to run democratically in accordance with houses in torrevieja the wishes of the majority of owners and is government of the people, by the people, for the people.

Initial Costs

As well as the cost of the property, the buyer will be liable for transfer tax (IVA) (IVA) houses in torrevieja , which at present is 6% on a second-hand property and 7% on a new one, plus 1/2% stamp duty.

The property registration office will charge you a fee to change the new deeds into your name.

This is usually around 300€.

There will also be notary charges for

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properties buying advice in murcia

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