Transfer tax on resale properties have been lowered to 7%
Following the decline in sales in the real estate sector in Andalucia due to Corona, the Andalusian government has decided to reduce the transfer tax.
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A number of interesting articles and facts or changes in legislation that will give you further information if you are considering purchasing on the Costa del Sol in Spain.
What taxes do you pay when selling a property on the Costa del Sol, Spain
If you sell your property on the Costa del Sol in Spain, you will not get the full selling price into your bank account.
Avoid high inheritance tax rates after BREXIT
Autonomous regional governments in Spain (like Andalucia) have the power to amend the regional part of the inheritance and donation tax.
How to put your Spanish property in your childrens name
A lot of clients come back to us with the question what the possibilities are to put the property in their childrens name. There are basically 3 ways to do that on the Costa del Sol.
Capital gains tax on property in Spain for non-residents
If you are selling a property in Spain as a non-resident you should be aware that there are a number of tax obligations, the most important of which is the Capital Gains Tax.
Inheritance tax in Andalucia
Inheritance tax is often a major concern for those inheriting property or assets in Andalucia. In this article we are going to help you understand what inheritance tax is, how it is applied in Andalucía and the most recent changes that have almost eliminated this tax for many heirs.
Plusvalia tax from townhall on selling spanish property
The plusvalía tax or land value tax, technically known as the tax on the increase in value of urban land, is a local tax paid to the local council when a property is transferred.
Tourist Rental Licence in Andalucia: New Regulation according to Decree 31/2024
The tourist rental sector in Andalusia has undergone a significant change with the recent publication of Decree 31/2024 of 29 January in the Official Gazette of the Andalusian Regional Government (BOJA). This decree introduces new regulations that affect both owners and operators of tourist rentals. Below, we break down the most relevant points and the practical implications of this new regulation.
Cancellation of Tourist licenses in Malaga-Andalucia
On May 12th, 2016, Andalucia introduced a new regulation governing holiday rentals (known as Viviendas de Uso Turístico in Spanish). Since then, property owners who regularly rent out their properties to tourists for a fee must comply with this law. They are mandated to register their property as a “Vivienda Turística” (Touristic property) in the specialized registry set up by the regional government. Failure to register will classify the apartment as “clandestine,” potentially resulting in fines of up to €18,000 solely for non-compliance. This specific regulation has been recently updated by Decree 31/2024 of 29th of January, with significant changes.