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We have recently opened new offices in Arroyo de la Miel and we are pleased to say that all of our existing clients still use our services and we are achieving new clients by their recommendations on a weekly basis.

Our company works independently and can assure our clients a friendly, professional and efficient service at competitive prices. We work with some selected real estate agencies on the understanding that once a client is passed to us, we represent that client and protect their interests solely without any favouritism to the agency.  We will only work with agencies who accept this rule.

It is of utmost importance that you obtain the correct advice from the outset before committing yourself to any contract or payment. Despite a great deal of horror stories in the press there are helpful and honest lawyers and accountants within Spain!

If in any doubt about who to use for professional services whether purchasing a property or any other services then you can contact the British consul who will provide you with a list of professional companies. There is a link on our web page to the British Embassy page.

Our offices in Arroyo de la Miel, Malaga has built the client base purely on recommendation and we boast a large clientele after just over 5 years of operation.

We are able to recommend legitimate real estate agencies in Malaga and surrounding areas.

The law changed regarding the capital gains tax payable upon the sale of a property in Spain.  A resident must now pay 18% on the profit made since the original purchase, but has 2 years in which to pay this.  If a resident re-invests in another property within those 2 years then capitals gain tax on profit will be waived

A non-resident is also liable to pay 18% capital gains tax when selling.  Expenses incurred on the original purchase and on the sale may be deducted from the total of the tax payable on the profits i.e. legal fees, land registry fees, notary fees and any estate agent commissions.  

A non resident will be stopped 3% of the sale price upon completion at the notary by way of a retention against tax.  A maximum of 30 days is allowable to make this payment and failure to do so will result in penalties.  A non resident cannot re-invest in another property to avoid capital gains tax.

Also remember that any non-resident property owner in Spain must declare and pay a patrimonio tax each year which can be calculated by an assessor upon production of a copy of the title deed and the last receipt for IBI (rates).

 
 

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Last modified: March 30, 2005