SPAIN 2012
Posted by admin on Jan 21, 2012 in About Spain, Blog, Buying Spanish Property, Spanish Property Market | Comments Off
The Spanish property market continues to give concern but appears to be moving in certain areas if reports are true. The department of Housing advised that property prices fell by 19% last year. Spanish property agencies we have spoken to say the demand for cheap Spanish property continues but Spanish property buyers are...
Spanish Property-First Occupancy Licence
Posted by admin on Dec 5, 2011 in Blog, Buying Spanish Property, Renting Spanish Property | Comments Off
A First Occupancy Licence, also known as a “Cedula” or as Europeans like to call it, a “Habitation Certificate”, is granted by the local Spanish council, following completion of a property or urbanisation in its locality. It is applied for by the builder or individual completing a property. It validates that the...
Spain Referred To Court of Justice Over Succession Tax Rules
Posted by admin on Nov 25, 2011 in Blog, Spanish Taxes, Tax Planning Spain | Comments Off
The European Commission has referred Spain to the EU’s Court of Justice over its succession tax rules. The Commission argues that the rules are discriminatory because they require non-residents to pay higher taxes than residents, even if they live elsewhere in the EU. It remains to be seen how Spain responds – it does not...
Spanish Property-Now the UK Taxman Targets Overseas Property
Posted by admin on Nov 22, 2011 in Blog, Offshore Banking, Spanish Taxes, Tax Planning Spain | Comments Off
Are you a UK resident who owns property in Spain? HM Revenue & Customs (HMRC) has announced its latest tax evasion crackdown, and this time the focus is on taxpayers who own property abroad. If you are a higher rate UK taxpayer, you could be affected if you own a holiday home, investment property or land outside the...
Spanish townhouse for sale in Torre de la Horadada, Costa Blanca
Posted by admin on Nov 9, 2011 in Blog, Buying Spanish Property, Spanish Property, Spanish Property for Sale | Comments Off
Spanish townhouse for sale, located near to the Mediterranean sea in Torre de la Horadada, a sought after Spanish location on the Costa Blanca. Near Pilar de la Horadada, with all local Spanish amenities and 3 klms from the Lo Romero golf course and a 20 minute drive to San Javier, Murcia airport. The lovely towns of the Mar...
Spanish Residency-Britons need to make a distinct break with the UK for non-residency status-employees excluded
Posted by admin on Nov 4, 2011 in About Spain, Blog, Buying Spanish Property, Tax Planning Spain | Comments Off
Britons who move abroad to live need to be able to show that they have made a “distinct break” with the UK if they wish to ensure that they cannot be treated as UK tax resident after leaving UK shores. If you do not clearly sever ties with the UK, HM Revenue & Customs (HMRC) could argue that you are liable for tax in...
Treacherous Ley de Costas (Coastal Law) boundaries can now be checked online.
Posted by admin on Nov 4, 2011 in About Spain, Blog, Buying Spanish Property | Comments Off
For the first time you can now easily check online the boundary between public and private land on the coast, at least in some areas. This is a small step in the right direction if it makes buying near the coast a little less risky. There are several booby-traps awaiting house-hunters in Spain, one of which is the treacherous...
Spain’s Succession Tax Considered Discriminatory By European Commission
Posted by admin on Nov 4, 2011 in Blog, Tax Planning Spain | Comments Off
In Spain, inheritance and gift tax is governed by both the state and the Autonomous Communities. There are 17 Autonomous Communities in Spain, and each has the right to amend the state rules, but only to make them more beneficial, not more punitive. Over the past few years, several Autonomous Communities (in particular those...
Tax Hikes for the Wealthy Spain’s 2011 Budget
Posted by admin on Nov 4, 2011 in Blog, Tax Planning Spain | Comments Off
The Spanish government has approved its budget for 2011 which sees tax rises for the wealthy and spending cuts of €122 billion, or almost 8%. The tax rises are expected to boost revenue by €170-€200 million. Readers who are high net worth taxpayers should review their tax planning to see what steps they can take to...
Buying Spanish Property- Paradise Lost Part 2-Land Grab!
Posted by admin on Nov 4, 2011 in About Spain, Blog, Buying Spanish Property, Estate Agents Spain | Comments Off
The second part of the ITV program last week covered the fact that foreign buyers had bought plots and had built individual homes in Andalucía. It was not a question of “Land Grab” as has been rife in the Valencia area but a simple case of buying from a builder who did not have permission to build on “rustic” land,...
Buying Property In Spain – Location!
Posted by admin on Nov 3, 2011 in About Spain, Blog, Buying Spanish Property, Spanish Property for Sale, Spanish Property Market | Comments Off
Two of the nicest areas of Spain in which to buy a Spanish property for retirement, permanent living or a holiday home are the Costa Blanca south, Alicante region, from Alicante down to El Mojon (which means border and is the dividing point between the Alicante and Murcia regions) and the Costa Calida north from San Pedro down...
About San Pedro del Pinatar – Mar Menor Spain
Posted by admin on Nov 3, 2011 in About Spain, Blog | Comments Off
The salt flats of San Pedro del Pinatar are important to the eco balance of the area, which became a National Park in 1985, there is documentation as far back as the 14th century mentioning them, conservation is taken very seriously and surveys are made in the Mar Menor, one of the largest natural lagoons in the world, which...
Spanish Property Snagging List – Lista Desperfectos
Posted by admin on Nov 3, 2011 in Blog, Buying Spanish Property, Spanish Property for Sale | Comments Off
Having bought a property in Spain and before you complete at the Notary, a snagging list should be undertaken to ensure that the house is in the condition it should be and that there are no defects. You can do this yourself, it can be undertaken by a professional snagging company, you can consult your solicitor to arrange it...
Selling a Spanish property – Costs Money
Posted by admin on Nov 3, 2011 in About Spain, Blog, Currency Exchange, Selling Spanish Property, Spanish Mortgages, Spanish Property for Sale, Spanish Taxes | Comments Off
When selling your Spanish property you should always know what costs you will incur and what your liabilities are. It is advisable to use a solicitor, who should ensure that your legal and tax requirements are met and that there are no debts left on a property for the buyer to inherit and that the buyers are aware of their...
Spanish Wealth Tax is Back!!
Posted by admin on Oct 1, 2011 in Blog, Recent, Spanish Taxes | Comments Off
It was only to be expected really. Just three years after the unpopular tax was abolished the government had no choice but to reinstate wealth tax as it searches for measures to increase revenue to reduce the public deficit and try to restore financial sustainability. The word “abolish” is not strictly speaking correct....
Spanish Tax – Beware the Spanish Tax Bull!
Posted by admin on Jul 30, 2011 in Blog, Spanish Taxes, Tax Planning Spain | Comments Off
Moving to Spain. Many people moving to Spain take one of two views when they leave the UK: they either consider that they can remain paying taxes in the UK and that they won’t be ‘found out’ by the Spanish tax authorities, while others prefer to bury their head in the sand, either finding someone to fill in tax returns...
About Valencia- Spain
Posted by admin on Jun 24, 2011 in About Spain, Blog | Comments Off
Valencia is the capital of the Spanish autonomous community of Valencia and its province. The city was founded by the Romans on the site of a former town, by the river Turia. Valencia has been occupied by the Visigoths and the Moors. When Islamic culture settled in, Valencia prospered thanks to a booming trade in paper, silk,...
Spanish villa for sale in El Mojon, San Pedro del Pinatar, Murcia
Posted by admin on Jun 23, 2011 in Blog, Buying Spanish Property, Estate Agents Spain, Spanish Property for Sale | Comments Off
Spanish Villa For Sale – El Mojon, Costa Calida, Murcia A spacious pretty semi-detached bungalow, a Spanish villa, in the sought after old village of El Mojon, part of San Pedro del Pinatar in Murcia region. This Spanish property, comprises of light lounge, 3 good sized bedrooms, family bathroom and separate...
About El Mojon , Alicante Region, Costa Blanca, Spain
Posted by admin on Jun 15, 2011 in About Spain, Blog, Costa Blanca | Comments Off
El Mojon was a sleepy seaside village, lying along the southern coastline that was at one time largely unpopulated due to pirate raids, until the Spanish built the watchtowers to warn of marauding pirates and along with Torre de la Horadada and Mil Palmeras, all three come under Pilar de la Horadada town hall which is part of...
Villa For Sale In Spain – Crevillente, Near Alicante – Property For Sale In Spain
Posted by ray on Jun 12, 2011 in 5 Bedrooms, Blog, Costa Blanca, Spanish Property, Spanish Property for Sale, Spanish Villa For Sale, €350,001 + | 1 comment
Spanish Villa For Sale – Crevillent, Near Alicante, Costa Blanca A charming Spanish Villa, situated in Crevillente near Alicante a lively Spanish Town that has retained its Spanish nature. This well maintained villa for sale in Spain has a mixture of contemporary and traditional designs. The external space comprises of a...
