IN today’s article we want to consider the recent decision made by the Spanish Supreme Court regarding the expenses and costs clauses included in mortgage loans deeds. Amongst others, it is important to be aware of the court decision 49/2019 of January 23 2019, which states: ABSOLUTE NULLITY OF THE EXPENSES CLAUSE – The […]
Income Tax for the Non residents in Spain. Letting, discrimination, expenses
If you are considered a non-tax resident in Spain and you own properties in this country, you need to be aware of the tax obligations that affect you. In addition to the annual local rates which are collected by the Town Hall through the IBI receipt (Impuesto de Bienes Inmuebles); you must also declare […]
Purchase and sale of a property in Spain. The importance of the occupation license.
Question: Dear lawyer, I am going to buy a property in Denia (Costa Blanca), and I have found contradictory opinions about the importance of whether the property has an occupation license or not. The vendor told me that as the property has contracts for water and electricity, there is no problem and it is neither […]