Spanish Property Lawyers
Pindoria Solicitors have linked with leading Spanish law firm Grosso & Maldonado. Also help you to buying property, selling property, property sales, tax planning, Will & estate planning.
Buying Property in Spain
We act for clients purchasing plots of land, farms, estates, villas and apartments in Spain without your having to waste time and money travelling to Spain. We shall advise, explain and ensure:
- You have a full report in English
- that title is registered in the vendor’s name free of any mortgages or charges
- that the property is purchased free of any liability a non-resident vendor may have for Spanish gains tax by deducting the statutory withholding tax and paying this over to the Spanish Revenue
- on the taxes and expenses payable in addition to the purchase price
- you on the potential liability to Spanish gains and inheritance tax in the event of sale or death
- the effect of Spanish forced heirship rules and advise on how to tailor your purchase to meet them
- completion of the purchase takes place before the Notary Public in Spain and register your title at the Land Registry
- prepare Spanish Wills which come together with your English Wills.
- for newbuilds we can require the developers to provide adequate safeguards covering the refund of advance payments in the case of their insolvency.
Disbursements
- Travel expenses for an Abogado (“Spanish Solicitor”) if the client prefers us to come along before the local Spanish Notary Public or act on his or her behalf, and
- Formalising registration of the new situation at the Local Land Registry.
The following taxes would be applicable:
- ISD (Impuesto sobre sucesiones y donaciones).
- ITPAJD (Impuesto sobre transmisiones patrimoniales y actos jurídicos documentados)
Selling Property in Spain
We will help you appoint appropriate agents and deal with the sale throughout until completion. We can ensure that only minimum of tax is paid on the sale of your property.
Tax Planning
We have the capacity to provide advise on all aspects of Spanish tax. This includes:
- property taxation for investors in Spain
- Spanish income, gains, wealth and inheritance tax planning schemes for non residents
- Spanish taxation of gifts and inheritances
- Spanish VAT, transfer and documentary tax
- withholding taxes and how to recover excess tax withheld
If you are taking up permanent residence in Spain, we can advise on your potential liability to Spanish income, gains, wealth and inheritance tax. Our aim is to find the most tax efficient way of arranging your affairs, before you become liable to Spanish tax on a world-wide basis.
Wills and Estate planning
Spanish Inheritance tax considers factors such as the location and type of the property passing, the number of the legatees and their relationship with the deceased, where they are resident and the extent of their pre-existing wealth as well as the value of the legacies they receive..
We prepare your Will in Spanish/English dual column format and arrange for execution before a Notary in Spain or in England. We can ensure that your Spanish Will dovetails with your English Will and register the former at the Wills Registry in Madrid.
Please complete the enquiry form for further information on selling property & buying property overseas. |
