Question about building problems in Spain: I bought a house 3 years ago from a developer in Denia (Alicante); unfortunately, significant cracks have appeared in the house. We have engaged the services of an architect, who has visited the property and is preparing an expert report on the defects of the construction. According to the […]
How to deal with the ownership of jointly owned property following separation, divorce in England or Spain, or the dissolution of a business relationship.
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 […]