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.