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spanish-legal-advice-solicitors

land in murcia

If you have agreed to buy when on holiday and do not wish to return for the signing of the deed, you can appoint someone as your agent to appear before the Notario and sign on your behalf.

This person must be officially appointed by a deed which in England England is called a 'special power of attorney' or in Spain, an 'escritura de poder de compraventa'.

land in murcia This deed can be prepared by the Notario as soon as you have agreed to buy and normally would be in the name of your lawyer who is doing the conveyancing for you.

land in murcia

There are two fees and two or three taxes payable on all transfers of Spanish properties.

The Notario is entitled to a fee for preparing the Escritura, and there is a further fee for registering the property in the new owner's name.

They are both calculated on the official value value of land in murcia the property.

There is a transfer tax (Impuesto General Indirecto Canario - I.

G, I.

C.) , which at present is 5% of the official value if you are purchasing a new property from a developer, or 6.5% (Impuesto de Transmision) , if you are purchasing a resale resale property from a private owner.

land in murcia

There is also a tax of 0.75% (Acto Juridico Documentado) only when purchasing from a developer.

What is an Escritura?

This is the Title Deed to property and includes information such as who owns the property, property details and exact address.

This land in murcia This is always signed in the presence of a Notario.

What is a Notario?

This is a public official who will officially confirm that the details are correct and the contract of sale is understood by both parties and deemed to be fair.

The Notary is impartial and offers

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