Suarez Christiansen
A b o g a d o s
Avda. Clemente Diaz Ruiz,
Edif. Tres Coronas, Portal B-402,
|
|
Buying
a Property in Spain
If you are reading this you are probably non-resident in Spain meaning that
you spend less than 183 days here or have your main place of business or employment
in another country. As a non-resident you will require an NIE number which
is a registration number allowing you to purchase property or seek employment
in Spain. The application is a simple process and takes about 3 weeks.
There
are 2 main types of property
Existing
or previously owned and New Properties for first occupation
or in Construction.
Dealing
with a new property and based on a property costing 120,000
Euros
The
following registration fees and taxes would apply
| Property |
. |
120,000 Euros
|
| IVA
(Vat) |
7% |
8,400 Euros
|
| State
Tax |
0.5% |
600 Euros
|
| Notary |
(approx) |
360 Euros
|
| Registry |
(approx) |
360 Euros
|
| Solicitors
Fee |
1% |
1,200 Euros
|
| . |
Total |
130,920 Euros
|
With an existing property the costs are much the same apart from IVA (VAT) which becomes transfer tax and is 7%. This information is for general reference
purposes. There could be further costs involved in specific
properties and you should seek legal advice once you have
decided on a property. We will be happy to provide further
information or answer any other questions you may have regarding;
Spanish
Law
Property Purchase
Investment and Taxation
Please enquire in confidence at
Suarez Christiansen - Abogados,
Avda. Clemente Diaz Ruiz,
Edif. Tres Coronas, Portal B-402,
29640 Fuengirola, Málaga,
|
