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Spain Travel insurance
the best insurance cover for your needs from one of
the UK's leading direct sell travel insurance providers.
All claims dealt with quickly, fairly and efficiently.
the best insurance cover for your needs from one of
the UK's leading direct sell travel insurance providers.
All claims dealt with quickly, fairly and efficiently.
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Get your business seen contact us and get you advert placed in the sidebar of this Website today
Get your business seen contact us and get you advert placed in the sidebar of this Website today
The Home Page
Visit HP today the ideal home page for you, with links to all your favorite sites.
Visit HP today the ideal home page for you, with links to all your favorite sites.
EU-Properties
Buy or sell your Spanish home without the agents fees. Visit eu-properties.com today and save money or find a bargain property in Spain.
Buy or sell your Spanish home without the agents fees. Visit eu-properties.com today and save money or find a bargain property in Spain.
Swapsey.com
Swap your unused or unwanted items with swapsey.com or if your in Spain visit swapsey.eu
Swap your unused or unwanted items with swapsey.com or if your in Spain visit swapsey.eu
The website For everyone thinking of Relocating or Having a Holiday in Southern Spain
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Buyers check list
Seek advice from a Spanish solicitor (Abogado) Try and find one that speaks English.
Ask about the tax you have to pay, before you make an offer. The tax can be quite a lot of money and if you don’t ask you could be left short of the asking price.
Get a nota simple from the property registry to prove there are no debts attached to the property you are buying.
Make sure the seller has an escritura publica this is the deed to the property.
The Spanish contract and a translation into English.
Insist on paying the full amount you have agreed on . This will pay you later via your tax bill when you come to sell the property. Although as I mentioned the Spanish work in black money. But this is a form of money laundering and also tax evasion .
Try an get receipts or copies for electricity, water, and other services to the property. Including the community charge.
Ask when you will receive your escritura for the property. When you have this you are the legal owner of the property.
If the property has just been built make sure you see, and if possible, make a copy of the building license.
Pay as little as possible for the holding deposit, this is usually negotiable. Do this because if the worst happens and you cannot complete the purchase you will lose your deposit. On the other hand should the seller pull out of the deal they will have to pay you back double your deposit.
Check the time scale on the holding deposit. Especially if you are selling another property to pay for your new home in Spain. If you go over the time stipulated you can lose your deposit.
If you are buying a building plot make sure it has a building permit.
Don’t take the spoken word as gospel. Check with a solicitor and get the paperwork. If you are unsure double check.
Seek advice from a Spanish solicitor (Abogado) Try and find one that speaks English.
Ask about the tax you have to pay, before you make an offer. The tax can be quite a lot of money and if you don’t ask you could be left short of the asking price.
Get a nota simple from the property registry to prove there are no debts attached to the property you are buying.
Make sure the seller has an escritura publica this is the deed to the property.
The Spanish contract and a translation into English.
Insist on paying the full amount you have agreed on . This will pay you later via your tax bill when you come to sell the property. Although as I mentioned the Spanish work in black money. But this is a form of money laundering and also tax evasion .
Try an get receipts or copies for electricity, water, and other services to the property. Including the community charge.
Ask when you will receive your escritura for the property. When you have this you are the legal owner of the property.
If the property has just been built make sure you see, and if possible, make a copy of the building license.
Pay as little as possible for the holding deposit, this is usually negotiable. Do this because if the worst happens and you cannot complete the purchase you will lose your deposit. On the other hand should the seller pull out of the deal they will have to pay you back double your deposit.
Check the time scale on the holding deposit. Especially if you are selling another property to pay for your new home in Spain. If you go over the time stipulated you can lose your deposit.
If you are buying a building plot make sure it has a building permit.
Don’t take the spoken word as gospel. Check with a solicitor and get the paperwork. If you are unsure double check.
Buying property.
If you are thinking of buying property here in Spain there are a few things you should be aware of.
1
Your budget. Whatever it is, you should allow 10% above the purchase price for the tax and fees. Although it hardly ever comes to this, but this is a good guide for what it may cost you. On an older property add 7%.
2
Buyer beware of the Black Money. It is still common practice here in Spain for the vendor to hide the real sale price of a property. This usually happens on second hand properties and is done to defraud the Tax office.
Some estate agents will encourage you to pay the black money in cash because they may have a deal with the vendor that they will get paid their commission in cash when the deal is done.
The payments made in cash are invisible and are not shown on the deeds this is why it is called black money.
If you go along with the purchase of a property using black money you will gain nothing. The vendor gains by not having to pay so much capital gains tax.
When you sell the property you lose by paying more capital gains tax unless you are willing to break the law.
Over the past few years the laws have been changing and new restrictions have been put in place to counteract money laundering. These laws and restrictions have been targeted at Tax advisors, lawyers, Spanish Notaries, bankers and financial advisors in relation to advice given on setting up companies and the property market.
The fore mentioned professionals are now duty bound to notify any underhanded dealings to SEPBLAC (Servicio Ejecutivo para la prevencion del Blanqueo de capitales - Bank of Spain) Failure to report these dealings these professionals can be prosecuted and even sent to jail.
3
Avoid buying a property with vacant land next to it. Even if you are told it is, green belt as vacant land is often built on, so if it’s important for you not to live next to a future building site don’t buy the property until you check with the planning office of the local town hall.
4
You should be aware that if the property you are thinking of buying has any debt attached to it, and you buy the property without checking, you will be liable for that debt. This is why it is important to have a good English speaking solicitor. The solicitor can get what is called a (nota simple informativa) . This document will show if there is any debt on the property you are going to buy, and will cover you against additional unforeseen costs .
If you are thinking of buying property here in Spain there are a few things you should be aware of.
1
Your budget. Whatever it is, you should allow 10% above the purchase price for the tax and fees. Although it hardly ever comes to this, but this is a good guide for what it may cost you. On an older property add 7%.
2
Buyer beware of the Black Money. It is still common practice here in Spain for the vendor to hide the real sale price of a property. This usually happens on second hand properties and is done to defraud the Tax office.
Some estate agents will encourage you to pay the black money in cash because they may have a deal with the vendor that they will get paid their commission in cash when the deal is done.
The payments made in cash are invisible and are not shown on the deeds this is why it is called black money.
If you go along with the purchase of a property using black money you will gain nothing. The vendor gains by not having to pay so much capital gains tax.
When you sell the property you lose by paying more capital gains tax unless you are willing to break the law.
Over the past few years the laws have been changing and new restrictions have been put in place to counteract money laundering. These laws and restrictions have been targeted at Tax advisors, lawyers, Spanish Notaries, bankers and financial advisors in relation to advice given on setting up companies and the property market.
The fore mentioned professionals are now duty bound to notify any underhanded dealings to SEPBLAC (Servicio Ejecutivo para la prevencion del Blanqueo de capitales - Bank of Spain) Failure to report these dealings these professionals can be prosecuted and even sent to jail.
3
Avoid buying a property with vacant land next to it. Even if you are told it is, green belt as vacant land is often built on, so if it’s important for you not to live next to a future building site don’t buy the property until you check with the planning office of the local town hall.
4
You should be aware that if the property you are thinking of buying has any debt attached to it, and you buy the property without checking, you will be liable for that debt. This is why it is important to have a good English speaking solicitor. The solicitor can get what is called a (nota simple informativa) . This document will show if there is any debt on the property you are going to buy, and will cover you against additional unforeseen costs .
