This is a very common issue that arises between ex-spouses, heirs, partners, investors, friends, etc., who purchased or inherited a share in a Spanish property with others. Whether there are problems between them or not, co-owners often do not want to share ownership in a property. In England, for example, you might see the executors […]
Extra 7% Transfer Tax to be paid. Revision of the declared value of the property
I purchased a property on the 15th of March 2008 in Javea, Alicante, for a price of 150.000€ (as stated on the Notary’s Deed). The Tax Authorities have sent me a penalty notice as they consider that the real/true value of the property was 213.000€. I am now being asked to pay 7% transfer tax […]
Taxes in Spain: General issues and things to bear in mind.
Dear readers, in this article we are going to discuss about Taxes in Spain. Our firm has recently noticed an increase in the amount of cases dealing with the initiation of disciplinary penalty procedures and revisions of taxes by the tax authorities at different levels: Conselleria of Economy Finance and Employment of the Community of […]