Search found 24 matches

by LiLoLil
Fri Feb 16, 2007 8:35 pm
Forum: General
Topic: A warning for those selling in Spain!
Replies: 12
Views: 4910

A warning for those selling in Spain!

It seems that despite my best efforts that unless you have a residency card you WILL pay the 3% retention at the notary! Having been told, researched and adviced that this would not be the case IT IS! The notary will NOT accept certificates from the tax office as proof you are a tax resident. Appare...
by LiLoLil
Thu Feb 15, 2007 9:25 pm
Forum: General
Topic: Selling Process?
Replies: 20
Views: 5730

And on and on it goes!

A very long and protracted meeting with my lawyer achieved nothing! "Sorry, you must have a residency card to not pay the retention!" So, can we please speak with the Notary about this as you are wrong! The Notary says, and I quote........ "If you have a residency card then you dont have to pay the ...
by LiLoLil
Fri Feb 09, 2007 11:51 am
Forum: General
Topic: Selling Process?
Replies: 20
Views: 5730

Ther used to be a requirement, I agree that its not necessary now. It is necessary to pay taxes the same as a spanish national and not as a non-resident though (if you live here). I do not understand all the antagonism towards the card, I find it useful to carry around and at least you are treat a ...
by LiLoLil
Fri Feb 09, 2007 11:45 am
Forum: General
Topic: Selling Process?
Replies: 20
Views: 5730

You should bear in mind that a non-resident Spaniard is in exactly the same position as a non-resident foreigner. If a Spaniard is non-resident he get no tax concessions on the sale of a property because, obviously, it is not his primary residence and he is obliged to submit annual non-resident tax...
by LiLoLil
Fri Feb 09, 2007 11:37 am
Forum: General
Topic: Selling Process?
Replies: 20
Views: 5730

masterob wrote:Surely in that case you are resident in Spain for tax purposes. I thought the decision as to whether or not someone is tax resident did not require them to also have applied for residencia? :?
Yes I am a tax resident and as an EU citizen have no requiremet to apply for residency.
by LiLoLil
Fri Feb 09, 2007 11:34 am
Forum: General
Topic: Selling Process?
Replies: 20
Views: 5730

katy wrote:Perhaps you should have thought about taking out residencia if it is your only home.
As an EU Resident there is no requirement for me to take residencia!
by LiLoLil
Thu Feb 08, 2007 10:22 pm
Forum: General
Topic: Selling Process?
Replies: 20
Views: 5730

Thanks Beachcomber. I think that clears up the situation. As a continuation of this I do believe that this IS discrimination under EU law. As an EU born, EU passport holder living in an EU country I do have the same rights as a resident. It is unfortunate that Spain, amongst other countries, is a li...
by LiLoLil
Thu Feb 08, 2007 5:39 pm
Forum: General
Topic: Selling Process?
Replies: 20
Views: 5730

Re: Selling Process?

Thanks Sid

Where, how and when is the retention taken?

Is it taken by the lawyer, Notary?
by LiLoLil
Thu Feb 08, 2007 4:07 pm
Forum: General
Topic: Selling Process?
Replies: 20
Views: 5730

Selling Process?

I am selling a property in Spain but there seems to be some confusion, even with my lawyer, as to how much tax I have to pay and when it is payable! My understanding is that CGT used to be 35% for non residents and a lesser % for residents. I believe this has now changed and the CGT payable is 18% f...
by LiLoLil
Wed Feb 15, 2006 5:21 am
Forum: General
Topic: "You better be quick..............."
Replies: 5
Views: 2288

Re: "You better be quick..............."

[quote="a good agent will always go that extra mile and they are out there[/quote]

Where would that be then Chris?

Seems they ALL do a very good job of keeping their "extra mile" well and truly hidden!!
by LiLoLil
Wed Feb 15, 2006 5:17 am
Forum: General
Topic: Mortgages on a Nave??
Replies: 7
Views: 2468

It may not make it 'legal' but it is enough for the council to allow services, electic, water etc etc to be supplied to these properties!!!

Seems that there are different degrees of legality!! :shock:
by LiLoLil
Wed Feb 15, 2006 5:12 am
Forum: Cars, Bikes & Motoring
Topic: LPG for Cars to run on in Spain?
Replies: 15
Views: 6140

[/quote]..the future is going to hit us hard and fast, are we ready, I dont think so[/quote]

Is it here already? :shock:

Not in Spain surely?!?!
:wink:
by LiLoLil
Sat Feb 11, 2006 10:45 pm
Forum: General
Topic: "You better be quick..............."
Replies: 5
Views: 2288

"You better be quick..............."

Having viewed a number of properties over the past couple of months there is one common phrase that has come from every viewing....... "Oh yes i should tell you that someone was round this morning asking if my land was for sale................... Blah, Blah, Blah" This has been from virtually every ...
by LiLoLil
Sat Feb 11, 2006 10:38 pm
Forum: General
Topic: Mortgages on a Nave??
Replies: 7
Views: 2468

Beachcomber wrote:Legitimate banks will not grant a mortgage on a shed masquerading as a dwelling unless they have the wool pulled over their eyes. However, some bank managers do not try to hard to see through the wool!
Hey Beachy

Know any bank managers who may have this wool deficiency??
by LiLoLil
Sat Feb 11, 2006 10:36 pm
Forum: General
Topic: Mortgages on a Nave??
Replies: 7
Views: 2468

If its really a house but is called a nave on the deeds..then its not a legal building..so I doubt you would get a mortgage..if its a really a nave and nave on the deeds then it is a legal property and therefor can be valid for a mortgage...if you can meet the mortgage company´s requirements. If it...
by LiLoLil
Thu Feb 09, 2006 9:49 am
Forum: General
Topic: Mortgages on a Nave??
Replies: 7
Views: 2468

Mortgages on a Nave??

In my search for property in Andalucia I have come across many "Oh yes it's definitely a house" being a nave or barn. Seems that there is a lot of property on the market like this!! Estate agents knowing that I want to have a small mortgage dont bother telling you this and until recently knew that i...
by LiLoLil
Wed Feb 01, 2006 12:39 am
Forum: General
Topic: Capital Gains Tax
Replies: 8
Views: 3537

An estate agent once told me that if you sold your house and then invested the moeny straight back into property then you were not liable for CGT or were liable for a lesser amount than the 35%

Guess thats not true either?
by LiLoLil
Mon Jan 30, 2006 8:52 am
Forum: General
Topic: IS THIS TRUE?
Replies: 8
Views: 3395

Re: IS THIS TRUE?

Law to make black money deals thing of the past 9 January 2006 MADRID — A new law to be passed this year is to crack down on the common practice of paying part of the price of a new home or rent 'in black'. At present those selling or renting property do not fully declare the value and pay all or th...
by LiLoLil
Fri Jan 27, 2006 9:00 pm
Forum: General
Topic: Buying Land?!?!
Replies: 9
Views: 2915

Re: Buying Land?!?!

I agree. It is a complete mine field and the nightmare comes when you build something on your % Every other part owner has the rights to use 'your' building!! I find it hard to believe that there are "many unsuspecting 'landowners' to whom this situation applies". It is the first thing that stands o...
by LiLoLil
Fri Jan 27, 2006 4:46 pm
Forum: General
Topic: Buying Land?!?!
Replies: 9
Views: 2915

Building a barn is not a problem! Getting permission to build a barn can be an enormous problem. You still need a minimum amount of land (in this area 25,000 sq. mts.) and you will have to prove income from the land. Check it out! Getting permission and building a barn isnt a problem. I agree that ...