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spanish-legal-advice-solicitors

solicitors almeria

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'.

solicitors almeria 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.

solicitors almeria

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 solicitors almeria 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.

solicitors almeria

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

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 in value since solicitors almeria 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

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