PURCHASING PROPERTY OWNED BY COMPANIES, HELPFUL NOTES
202004.07
0

PURCHASING PROPERTY OWNED BY COMPANIES, HELPFUL NOTES

It is usually seen that expensive properties are owned by companies, companies that may have either purchased the property before or that have built it. In the process of the property purchase it is sometimes suggested to the purchaser to purchase the company shares rather than the property itself. Purchasing a company has some benefits (i.e….

SPANISH COURT AUCTIONS
202004.07
0

SPANISH COURT AUCTIONS

At the time of writing this article we are locked out here in Spain. My first thought is to wish all readers that they and their families feel in good health or in case they are dealing with COVID-19 they find assistance to go through the illness and recover soon. We send our best wishes…

PURCHASING PROPERTY WITH NON RESIDENT COMPANIES
201911.05
0

PURCHASING PROPERTY WITH NON RESIDENT COMPANIES

In the last years there are a number of clients who are purchasing property in Spain in the name of non-resident companies (Belgium, Dutch, British, etc) where they are directors or shareholders. Once purchased, those properties are being made available then to their shareholders or directors who most of the times use them permanently or…

BYE TO PLUSVALIA TAX? HOPEFULLY SOON
201709.28
0

BYE TO PLUSVALIA TAX? HOPEFULLY SOON

Perhaps I could start to explain this matter from the basics, avoiding legal terminology to make it easier to understand. When a property owner sells a property in Spain must pay a tax on the profit made when selling, this is the Capital Gains Tax (CGT). This tax is currently the 19% on the gain,…

CANCELLING MORTGAGES
201607.12
0

CANCELLING MORTGAGES

The process to follow is not the same in all countries. Perhaps it may be easier to explain it with an example. Lets put the case that you have a pending balance at our mortgage of 50.000,00 €. You then decide that you would like to payoff in one go. Then the first thing to…

NEW RENTAL LAW FOR HOLIDAY APARTMENTS
201603.09
0

NEW RENTAL LAW FOR HOLIDAY APARTMENTS

Dear readers, This new post is about  the Decree passed by the Government of the Autonomous Community of Andalusia on the 3rd February 2,016 about dwellings used with touristic purposes On the 3rd of February 2016 the Government of Andalusia passed a new Law that intends to provide legal rules for those properties that are regularly…

Legal Guarantees when purchasing new property in Spain
201602.02
0

Legal Guarantees when purchasing new property in Spain

First of all I would like to congratulate all pour blog’s readers in this New Year. From Criado & Kraus we send our best wishes for this challenging 2016. After a good number of years of virtually plain building activity in Spain, it’s now possible to see again a good number of cranes, a clear…

ABOUT LAND GRABS
201512.12
0

ABOUT LAND GRABS

Back in 2005 – 2008 many clients where worried about the articles describing land expropriation in Valencia then called “Land Grabs”. Still today in 2015 I have been able to witness during my participation at international real estate property shows like “A place in the Sun live”, how this fear still exists. Perhaps it’s not…