What You Need To Know Before Renting Property In Spain

There are many advantages to renting rather than buying in Spain and it is worth considering renting initially even if you plan to buy.  How do you find a rental property, what are your options and how does the rental process work?  Here we set out what you need to know before renting in Spain When moving to Spain renting rather than buying property can be a very good option.  Even if you ultimately aim
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Home From Home? Which Nationalities Have Property On The Costa Del Sol?

The Costa del Sol is an incredibly popular tourist destination and it’s not really hard to see why. With a vast array of stunning beaches, an abundance of gorgeous scenery and a plethora of historical landmarks, the region has become an increasingly popular place for foreigners to purchase holiday homes, jumping on the ‘residential tourism’ bandwagon. Written exclusively for Expat Network by Annie Button As a result of this, the various towns and cities that
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Spain Forces Banks To Pay Mortgage Stamp Duty

Stamp duty payable on execution of a mortgage deed in Spain has been the subject of case law and legislation recently in Spain.  B Law & Tax explain the implications of the recent decisions. This article was written exclusively for Expat Network by B LAW & TAX, International Tax & Legal Advisors   Currently Stamp Duty is charged in Spain on the execution of the mortgage deed at rates that depend on the autonomous community where »Sponsored
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Tax On Inheritances And Donations For Non-Tax Residents In Spain

The Spanish Inheritance and Donation Tax applies to donations and inheritances and has traditionally had different rules for EU and non-EU residents with non-EU residents unable to take advantage of advantageous Regional Laws.  Recent case law has challenged this different treatment.  B Law & Tax set out the implications. This article was written exclusively for Expat Network by B LAW & TAX, International Tax & Legal Advisors   The Spanish Inheritance and Donation Tax (“Impuesto sobre »Sponsored
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Brits in Spain:  What Will Happen In A No-Deal Brexit?

Officially there are over 300,000 Brits in Spain, living there full-time. However, many do not register, and so it is estimated that the actual number is far higher – it is likely that between 800,000 and a million live in Spain.  Whatever the number a no-deal Brexit could cause major problems for Brits in Spain as well as a significant impact on Spain’s economy if there were to be a major exodus of British expats.
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Spanish Property Market 2019 – Expectations

What is the outlook for the Spanish property market as we move in to 2019? Spain has traditionally been the most popular for British property investors buying a home abroad and British buyers have been the largest group of foreign buyers in Spain. What impact is Brexit having? Spain’s property market was heavily impacted by the global financial crisis in 2007/08.  The impact of the financial crisis was made worse by the oversupply created by
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Update On The Spanish Local Tax “Plusvalía Municipal”

Real estate transfers in Spain can be subject to local Tax on the Increase in the Urban Land Value (“Impuesto sobre el Incremento de Valor de los Terrenos de Naturaleza Urbana” or “Plusvalía Municipal”). This mandatory municipal tax is levied on the increase disclosed in the value of urban land whenever urban land located in Spain is transferred. This article was written exclusively for Expat Network by B LAW & TAX, International Tax & Legal Advisors
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The Best Places To Live Or Retire In Spain

Having made the decision to move to Spain what will determine which region you choose to live in?  Work may dictate  the location, but if you are planning to move to retire or take a new lifestyle working for yourself as a digital nomad or by using your trade or profession, the choice is yours. The capital city of Madrid sits in the centre of the country, but most major cities are on or near
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Banking In Spain

When moving to a new country you should take a look at your banking arrangements.  It is generally possible to use your existing bank from your home country for many purposes, but it is worth opening a local Spanish account for most people.  International Online Banks You can also consider using one of the growing online banks.  Businesses like Ipagoo and Transferwise can provide multi-currency accounts with access to banking services, including the use of
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