Conveyancing in Spain
A typical conveyancing transaction includes two vital landmarks: the exchange of contracts and the completion, whereby the legal Title Deed passes. In addition, the system of conveyancing is generally constructed to ensure that the buyer secures title to the land together with all the rights that govern the land and is advised of any limitations in advance of the purchase. Moreover, the cost of conveyancing is dependent on whether you employ a foreign or Spanish lawyer.
Legal firms in Spain should further offer all relevant and additional legal information on real estate transactions and acquisitions of properties for residential or business use, payment of taxes for the registration and transaction of the Land Registry and numerous other services related to real estate such as:
- Declaration of new building title deeds
- Rentals
- Establishment and cancellation of mortgages
- Securities
- Exchange
All conveyancing matters ascertain that clients are informed and advised on corresponding taxes and costs in the purchase or sale of a property.
Conveyancing matters should include:
Obtaining and aiding in all necessary documentation on the property.
Carrying out corresponding searches on the property at the Land Registry, in order to confirm ownership.
Ensuring that all properties are up to date in all its payments.
Liaising with corresponding experts to ensure that the property meets with all therequirements of the Local Zoning Regulations.
Studying and advising on company tax or capital gain tax arising on the sale of the property.
Compiling and issuing a comprehensive report on the property to inform the client on various issues related to the property.
Drawing up contractual agreements between the parties for the sale or acquisition of the property.
Drawing up the Purchase Sale Title Deed to be granted at the notary’s office as well as preparing the completion of the transaction.
Collection of the Purchase Sale Title Deed and presenting the deed at the tax office as well as the Land Registry.
Producing a comprehensive and final statement of the account funds received and payments made.
Sending the Purchase Sale Title Deed; duly registered with the corresponding originals of all the tax bills and our certificate on title, to the client.
Tips for the sale of your property
- A multilingual conveyance lawyer in Spain is recommended in order to obtain the certificate from the Land Registry in Spain, to verify that the property is duly registered in your name.
- Review that the payments of IBI (RATES) are up to date and whether there is any debt related to the Spanish property.
- Our Spanish conveyance law firm, also recommend to check whether you are holding a copy of the License of first occupation and whether the property has been built in accordance with the planning regulations in the area.
- Additionally, we also recommend that you obtain an estimate of the payment of the Plusvalis Tax in order to account for all future costs arising in the sale.
- Additionally it is advised that our clients obtain and indicate the capital gains tax arisen.
- Clients, need also to obtain the Energy
- Finally, if your are a non-resident in Spain, we advise you to present the corresponding non-resident income tax declarations.
