Get Adobe Flash Player
Get Adobe Flash Player

One speaks about...

Since 2016 the following tax rates in Spain of Property Purchase and sale apply: 1. IVA - VAT: on the purchase of new built properties: The VAT on the purchase of a newly built house or flat and associated garage / parking space by a constructor (promoter) is 10 %. There is as well a stamp duty of 1.5%. 2. Capital gains tax: Who sells as non Resident a property in Spain will pay the difference in value compared to the time of its purchase price from 2016 of 19 % capital gains tax (Until 11.7.2015 it was 20 %, from 12.7.2015 19,5 %, since 2016 it is 19%). Here, however, the costs are taken into account to improve value from the date of acquisition. Specific regulations apply to the extent and for the acquisition of facts that occurred before 1994. If the seller is not resident in Spain the purchaser has the obligation...[more]

The EU Successions Regulation 650/2012 shall enter into force on the 17 August 2015. This EU Regulation is not applicable in the United Kingdom, but is applicable in Spain and the rest of the EU to British citizens. Therefore, in case you have assets in the UK and/or in any other EU jurisdiction you need to be well advised of the practical implications this legislative development can have on your succession. After entry into force of the EU Regulation, being an expatriate in Spain and owning property in Spain, but without a valid will (English or Spanish) covering the assets located in Spain, will be a situation of legal uncertainty and concern for all parties involved. Until now, the conflict of laws rule in Spain was....[more]

The fact that high-quality service can survive in difficult times, too, is demonstrated by “Residencias Lujosas Vitalux, S.L.” in impressive fashion. In fact, the timing of the company's launch in early 2009 was a deliberately daring one during an extremely difficult year for the real estate market. However, success has won out, and now the company is celebrating its fifth anniversary and, at the same time, 15 years of sector affiliation.“This makes me very proud and, above all, very happy,” says owner Doris Kavcic-Hirsch. “Setting up a company immediately following the worldwide financial crisis in 2008 was more than just a gut decision. Real estate experience since 1999, a well thought-out concept, and having a feeling for the right timing all reinforced my determination to take this step.” Particularly in the real-estate sector...[more]

From 1st of June 2013 all properties sold or rented in Spain will need to have an Energy Performance Certificate. The owner of the building, or business premises will be responsible for obtaining the certificate, which they will need in order to sell or rent it. A copy of this document needs to be given to your agent! What is an energy performance certificate? It is a report that describes how efficient a home is in terms of energy consumption. It assigns an energy rating to each home on a scale which ranges from "A" (the most efficient) to "G" (the least efficient). Who can issue...[more]

1. IVA - VAT: on the purchase of new built properties: The VAT on the purchase of a newly built house or flat and associated garage / parking space by a constructor (promoter) was reduced in the August 2011 from 8% to 4%. This reduction was due to expire on 31.12.2011, but was extended until 31.12.2012. There is as well a stamp duty, which has been increased in Andalusia from 1.1.2012 from 1% to 1,2% and from 15.5.2012 from 1,2% to 1.5%. 2. Capital gains tax: Who sells as non Resident a property in Spain will pay the difference in value compared to the time of its purchase price from January 2012 of...[more]

It has long been an ambition of the tourist and business community in Marbella to see the resort become a venue for cruise liners. The plan centers on the enlargement of the Marina-La Bajadilla port but that has been on hold for more than eight years. However the lucrative cruise ship business could now be on the horizon. The Qatari Sheikh, Abdullah Bin Nasser Al-Thani, actual owner of the Málaga’s La Rosaleda Football Stadium and the Football club FC Málaga, seems to be the key figure behind this amazing project. Over 650 moorings and hotels of the calibre of Dubai’s Burj-Al-Arab will be part in this mind blowing project...[more]

Marbella opens each year the summer season with the annual "white" party at Nikki Beach Club: Located at the beach of the 5 star hotel “Don Carlos” and only 7 km from the centre of Marbella. Nikki Beach is famous for its luxury and jet-set sophistication. It boasts a sushi bar and restaurant, a Thai beach restaurant, bars, boutiques, pool and a full program of luxury day and nighttime events, as champagne contests, dinner and dance nights, full-moon parties with live music and entertainment nights with various dancers, musicians and DJs...[more]

The sale of your property through a lottery system More and more often, you may see on television or read in the newspapers that owners are drawing their properties through a lottery system. In the first moment, it sounds simple. The prospective buyer buys a lot and takes the risk not to win – as with most lottery systems - but could participate at the draw with a small amount of € 50 or € 100, depending on the property´s value, and has the chance to win an apartment or a villa valued for e.g. € 500.000 or € 1.000.000. You think: I will take the risk! It is preferable to lose € 100 once than missing the chance of being one of maybe only 2.000 participants and owner of a quality property.[more]