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ENERGY EFFICIENCY CERTIFICATE, WHEN IS THIS REQUIRED?

Following the directives of the European Union a New Royal Decree 235/2013 was approved on the 5th of April 2013, establishing the obligation to make available to the buyers or tenants of buildings a certificate setting out information on the energetic efficiency of a building in order to promote properties with high energy efficiency and [...]

By |2020-07-15T07:13:41+00:00August 12th, 2015|Expert Property Lawyers|0 Comments

CASH PAYMENTS

The new legislation (law 7/2012) passed by the Spanish Government in October 2012 aimed to prevent tax fraud establishes a limitation of cash payments. Amount of the limitation No cash payments of 2.500 Euros or more can be effected in transactions when at least one of the parties involved is a company or professional. This [...]

By |2020-07-15T06:16:30+00:00August 12th, 2015|Legal Services|0 Comments

TAX DECLARATION ON ASSETS HELD ABROAD

The Spanish government has passed new legislation to prevent tax fraud whereby amongst other provisions any person, residing in Spain, who owns assets and rights located abroad on the 31st of December 2012 (bank accounts, values, real estate, insurance, etcetera) must present an informative tax declaration and give detailed information about these assets to the [...]

By |2020-07-15T06:17:10+00:00August 12th, 2015|Taxation and Fiscal Representation|0 Comments

EXEMPTION OF 50% OF THE CAPITAL GAINS TAX ON REAL ESTATE PROPERTY ACQUIRED FROM THE 12.05.2012 TILL THE 31.12.2012

The Spanish government has passed a Regulation mainly aimed at clearing the accumulation of real estate properties repossessed by banks which declares exempt from CGT 50% of the gains from the future sale of Real Estate Property which may be acquired from the 12.05 till the 31.12.2012. This decision will certainly push those potential purchasers [...]

By |2020-07-15T06:18:25+00:00August 12th, 2015|Taxation and Fiscal Representation|0 Comments

REGULARISATION OF ILLEGAL PROPERTY BY JUNTA DE ANDALUCIA.

The Decree foresees three type of cases: isolated properties, settlements of properties which demand public services and Rural settlements which also demands certain services. The isolated properties are divided into different categories for the recognition of their status: A) Properties which are in compliance with existing planning. Legal properties built with a licence need doing [...]

By |2020-07-15T07:13:49+00:00August 12th, 2015|Expert Property Lawyers|0 Comments

BEWARE OF THE REVISION OF THE RATABLE VALUE OF PROPERTIES IN MARBELLA.

The tax office is remitting by recorded delivery service to all owners the new ratable value of property in Marbella. There is one month to file a complaint before the Tax Office or the Economical-administrative Court of Andalucía. 23 years have elapsed since the last revision of the ratable value of property in Marbella which [...]

By |2020-07-15T09:47:37+00:00August 12th, 2015|Expert Property Lawyers|0 Comments

I Have A Demolition Order

A great number of foreign citizens in their retirement years have invested their life savings in purchasing their dream home in the Andalusian Countryside.Suddenly they have received an unpleasant order to initiate proceedings to reestablish the original legal planning order on their property that was violated, which in the majority of cases ends up in demolition of the [...]

By |2020-07-15T09:48:33+00:00August 12th, 2015|Expert Property Lawyers|0 Comments

ILLEGAL PROPERTY CONSTRUCTION

ILLEGAL PROPERTY CONSTRUCTION IN THE ANDALUSIAN COUNTRYSIDE The real estate boom and the high prices of properties on the Coast have given rise to an increased planning pressure in inland Andalucía in the last few years. The consequence has been a rising demand of properties in the countryside, the majority illegally built and acquired at [...]

By |2020-10-07T05:17:09+00:00August 12th, 2015|Expert Property Lawyers|0 Comments

NEW 2007 SPANISH TAX REFORMS

Two bills have been passed by the Spanish parliament and will take effect on January the 1st, 2007: the new Income Tax Act and the Tax Fraud Prevention Act, both of which will affect non-residents owning or intending to buy a holiday property in Spain. The Income Tax Act will change certain articles of the [...]

By |2020-07-15T06:19:23+00:00August 12th, 2015|Taxation and Fiscal Representation|0 Comments