What do I need to know when purchasing a property on Ibiza? 1. Additional costs Before you start looking for a property you should consider that on top of the advertised sales price you have to deal with taxes and further costs (Notary, Registry- etc). Normally these costs amount to … Continue reading
– GENERAL Foreigners wishing to buy or sell a property in Spain must be in possession of a tax identification number (Número de Identificacion para Extranjeros), NIE number in short. 1. LAND TRANSFER TAX (Impuesto sobre Transmisiones Patrimoniales) When buying real estate, which is not composed of new buildings, you … Continue reading
GENERAL: Although there is no legal obligation in Spain to have sales-purchase contracts notarized, it is nevertheless highly recommended to do so. When buying real estate a private contract is usually signed before issuing the public sales-purchase deed (escritura de compraventa). In general there are three types of written sales … Continue reading