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spanish-legal-advice-solicitors

land in alicante

It must not be forgotten that Spanish Law considers the obligation of each owner to pay his share of Community expenses as an obligation superior to all others.

Community Fees vary depending on the type of development and standard of upkeep.

Spanish law provides the answer to practically every every problem land in alicante that is likely to arise in a Community, but owners must look after their own interests, attend meetings and vote A further tax is that on the increased value of the land, known as Plus Valia, which is levied at various rates on the annual increase in value since since land in alicante the previous sale.

Strictly speaking, Plus Valia is a tax against the seller but in practice the purchaser is asked to pay all fees and taxes in the transfer of a property.

The fees and transfer tax are demanded soon after the Escritura is signed, but the Plus Valia Valia is often not payable until some time later when land in alicante the seller may not be found.

Plus Valia is charged against the property, which means that if the vendor fails to pay, the purchaser wiII eventually be liable for this tax anyway.

There are many factors that enter into the land in alicante the calculation of these fees and taxes but, as a general rule, if you allow 8% of the purchase price you wilI not be far out.

Another fee to be taken into consideration is that of a solicitor or lawyer.

This will generally depend on how much time and work work is involved in any particular purchase.

In normal circumstances land in alicante the fee for an average purchase will probably be about 1.000 to 1.500 €.

After the purchase of your property you will have community fees to pay to an owners' association, which is explained further under the heading of Community

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properties buying advice in murcia

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