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spanish-legal-advice-solicitors

spanish properties in murcia

Certificate of Non-Residency must be produced for the Notario when signing the new Deed (Escritura) .

Obtaining these two items need not be complicated or time consuming and cost is negligible.

TAX RETENTION

Under legislation introduced in 1997 it is necessary for 5% of the declared purchase purchase price of a property to be retained by spanish properties in murcia the purchaser, or his representative, and for the money to be paid to the Spanish Inland Revenue within 30 days of signing for title deeds.

This is payable when the vendor is a non-resident of Spain in order to ensure that spanish properties in murcia that any taxes he may owe to the Spanish Inland Revenue are paid before he disappears into the sunset.

What if I cannot return to Murcia to sign at the Notary?

A Power Of Attorney to be given to your solicitor in your absence.

How long does the spanish properties in murcia the process of a purchase take from start to finish?

This obviously depends but we normally work on a 5 week timeframe to ensure that everyone is fully aware of the conditions of the sale and of course to allow sufficient time to book time of work to return to to Murcia for spanish properties in murcia the official signing.

Should you wish to reduce or extend the timeframe we can negotiate and agree terms with the vendor.

Do you need permission to buy property in Murcia?

Generally no permission is needed to buy a property in Spain

How complicated is the spanish properties in murcia the legal process?

The legal system is a lot quicker and simpler than the system in the UK.

Solicitors will carry out the necessary checks on your behalf as well as calculate all relevant taxes and payment dates for you.

As a very general rule you can allow 10% in

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properties buying advice in murcia

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