My friends looking at gifting his spainish property

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10 Sep 2018 18:43 by Maximus84 Star rating. 2 posts Send private message

hello I wonder if someone can help me , someone I know bought a Spanish property around 15 years ago. 

Hes not visited his apartment in over 5 years and he's thinking of giving it to his friend. Basically from what I can gather if his friend pays the 5 years debts ? He can have the property. 

What is the correct way of going about it ? Procedure and is there any tax and costs to pay . 

The  property is in fuerteventura not sure if there protocols are different to main land? 

Thanks in advance 





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10 Sep 2018 22:13 by baz1946 Star rating. 1957 posts Send private message

Tell that someone that you do know someone who can help, a good solicitor or legal eagle, after all that someone will probably end up using one come the finish.

 





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11 Sep 2018 00:17 by Maximus84 Star rating. 2 posts Send private message

Do you know of a good solicitor or legal eagle to put forward to him ? 





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11 Sep 2018 08:55 by mariadecastro Star rating in Algeciras (Cadiz). 9095 posts Send private message

Legal Questions? Speak to Maria Direct

Maximus84:

What is the debt for? Mortgage installments? Has not the bank started a repossession procedure?



_______________________

Maria L. de Castro, JD, MA

Lawyer

Director www.costaluzlawyers.es

El blog de Maria



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11 Sep 2018 09:23 by baz1946 Star rating. 1957 posts Send private message

Do you know of a good solicitor or legal eagle to put forward to him ? 

Yes, because you asked on here, Maria, who has also answered your post, if you are doing it via this forum that is, otherwise the someone has to choose in the area they own the property in, Spain that is, could / might be close to Maria's office, or office's for all we know.





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11 Sep 2018 10:04 by mariadecastro Star rating in Algeciras (Cadiz). 9095 posts Send private message

Legal Questions? Speak to Maria Direct

We do conveyancing nationwide. Being far from where the property is, is not a problem these days, due to online means.

Also, it helps a lot to save our independence against agents, banks, developers...

Ready to help!



_______________________

Maria L. de Castro, JD, MA

Lawyer

Director www.costaluzlawyers.es

El blog de Maria



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11 Sep 2018 11:55 by paulsimkiss Star rating in Thailand & Spain. 65 posts Send private message

paulsimkiss´s avatar

Hello Maximus Decimus Meridius and welcome to EOS the forum with all the answers. (sometimes).

Your question is rather strange and unusual for a general forum.  You seem to be seeking expert legal and taxation advice. I presume you would actually rely on advice posted on here by members or you would not have posted.

As far as I know Maria L. de Castro, JD, MA, Lawyer. Director www.costaluzlawyers.es is the only person on this forum qualified to answer your question. Perhaps you should contact her.

 

Maximus84



_______________________
Turned Out Nice Again



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14 Sep 2018 18:06 by Sanchez1 Star rating. 853 posts Send private message

I'm not sure about all of the costs involved here but one significant cost will be the 6.5% transfer tax you'll have to pay.  Nothing's ever free in Spain!



_______________________

Read my blog: Spain Money Saving Tips and Offers 

Use TransferWise to send money abroad. A lot cheaper than the bank and other online currency exchanges!.

 

 




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