. Wide real estate offer through BC Real Estate
. Investment proposals in business projects.
. Legal advice through Iuris Fintech.
. We accompany you through the entire investment and visa application process:
– We examine the legal status of the property and the developer or seller, and report any issues that may affect the decision or terms of purchase.
– We will contact and negotiate with the seller and their lawyers the terms and conditions of the purchase contract and ensure that it complies with applicable law.
– We make the necessary preparations at the notary to complete the purchase smoothly, such as the preparation of powers of attorney (duly legalized and translated) to be able to act on behalf of buyers if they are abroad.
– We ensure that property titles are correctly registered in the correct local land register and that the property is free of all costs and charges, free of tenants and up to date with the payment of relevant taxes associated with the purchase.
– We make sure you receive a NIE number (Foreigner Identification Number) or the tax identification number of foreigners.
– Start-up and contracting of supply and other services.
– Decoration and household items for immediate use.
Maintenance, seasonal or annual lease of the property.
TAX AND ADMINISTRATION
The possession of goods in Spain entails a series of tax obligations. As a non-resident in Spain, you must pay annual taxes on your property, even if you do not rent the property.
The declaration must be made by owner and by dwelling. Dependencies with a separate cadastral number must also be indicated.
If you do not rent, a fixed rent of 1.1% will be charged on the cadastral value of your property. On this income, the Spanish tax authorities will collect a tax of 19% for EU residents and 24% for non-EU residents.
The declaration must be made annually by December 31 of the year following the year in which the owner was the owner. For example: if you had a property in Spain in 2017, the declaration must be made before December 31, 2018.
If you rent your property, the Spanish tax authorities will charge a 19% tax on your net rental income.
Deductions applicable on an annual basis in the return:
After deducting these taxes and expenses, you will receive the exact amount you will have to pay in taxes to the Spanish tax authorities for the rented period, per quarter.
As a natural person, you will have to pay taxes on the fictitious rental value again the following year. This is calculated in a calendar year minus the periods already indicated in which there was rental activity.
– Monitoring of the entire visa application process.