|
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).
|