spanish properties in almeria
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 spanish properties in almeria 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.
spanish properties in almeria 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 spanish properties in almeria 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 spanish properties in almeria the wishes of the majority of owners and is government of the people, by the people, for the people.
A further tax is that on the increased value of the land, known as Plus Valia, which is levied at at various rates on spanish properties in almeria the annual increase in value since 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
