Cost of House Purchase

Briando, this thread is titled "cost of house purchase", so the costs Maria gave were basically for buying, but yes, estate agents here charge sellers commission, typically 3-5%, sometimes more. The only other costs associated with selling usually are plus valia, charged by the local town hall, and lawyers' fees if you use one, and of course, any capital gains tax due. 

Hello Donna & Members,

One way to buy a Spanish Property is to buy it within a UK Limited Company structure.

If the Buyer and Seller agree with the transaction the 8-10% Property Purchase Tax can be saved in Spain to the Buyer.

Once the UK Company has the Spanish property placed into it as an investment in exchange of shares by the Seller, the Buyer then takes ownership of the UK Company with the property already held within it saving the Buyer the  8-10% Property Purchase Tax.

If the UK Company is then resold in the future to another Buyer then not only does it save the 8-10% Property Purchase Tax to the future Buyer, but it also saves the non Resident Seller having to pay the 3% non Resident Withholding Tax to Spain Tax Office.

Also a UK Limited Company that owns Spanish property does not have the annual 3% Off-Shore Tax like Gibraltar, Isle of Man, Jersey, Guernsey, etc. Companies owning Spanish property, so extra savings here.

In Carbray law firm in Spain,our Lawyers experts in real estate, can help you to buy a house in Spain.

Contact us and our Lawyers can help you.

Visit our page and contact us.

Thanks