Entries by adminccab

Reference value in Spain

Warning! Please be careful when buying a bargain or low priced property in Alicante or Costa Blanca areas like Torrevieja because there is a reference value established for tax purposes for every property in Spain. The reference value is a crucial concept used to determine the amount of taxes associated with property transactions, such as […]

DONATION IN SPAIN

A donation of a property is the transfer to another person while the owner is alive. The main difference with inheritance is that under the donation, the property passes immediately to the recipient and the recipient does not have to wait to do the inheritance after the donor passes away. DONATION TAX IN SPAIN It […]

TOURISTIC LICENCE IN SPAIN

The touristic licence is a permit that the city council grants so you can rent your property as a tourist accommodation and allows you to advertise it in tourist rental websites or if you would like a touristic company to rent it for you. When is the rental considered touristic? (Art. 65. LAW 15/2018, June […]

EXEQUATUR-FOREIGN JUDGMENT ENFORCEMENT (NON EU)

After Brexit, if you need your UK Judgment to be enforced in Spain, the procedure to follow is the Exequatur proceedings, which is the enforcement of a non EU Judgment. The procedure is similar to the enforcement of a European Judgment Enforcement. The Enforcement of a Foreign Judgment in Spain is very common. If you have […]

MILITARY AUTHORISATION TO BUY PROPERTY IN TORREVIEJA, ORIHUELA, MURCIA FOR UK RESIDENTS

MILITARY AUTHORISATION TO BUY PROPERTY IN TORREVIEJA, ORIHUELA, MURCIA FOR UK RESIDENTS After Brexit, UK residents become non-EU foreigners and therefore they must apply for the military authorization to buy a property in certain areas of Spain. The areas included in the military protected area are Torrevieja, Orihuela (Alicante), Cartagena, Mar Menor area or Mazarrón […]

English Will but using Spanish Law so children can inherit

Case study-UK national Will but using Spanish Law so children can inherit Facts We have a case where a UK national made a Will choosing English Law, his nationality law. The testator only had a property in Spain, no other assets. The testator left this property in Alicante (Spain) to his partner only and nothing […]

Mortgage abusive clauses-CLAIM REFUND

Homeowners in Spain with a mortgage can claim now refunds from their bank. There are abusive clauses included in many mortgage contracts in Spain. An abusive clause is a  clause not transparent to the consumer who in the end is not aware of the terms and ends up paying more for the lack of transparency […]