With the verbal agreement in principle reached with Spain that Gibraltar will be included in the group of countries covered by Schengen, the jurisdiction will become once more an attractive place for high-net-worth individuals to reside. This of course has benefits for Sotogrande....
Legal and taxation
Selling you home at some point is inevitable as everything has a cycle... I have listed some of the most important documentation you should have at hand when selling your Sotogrande property...
For most people buying a property is something you do on very few occasions during a lifetime. Rarer still would be buying a property in a foreign country. Understanding the process of the country you are buying in is therefore very important, and engaging a reputable lawyer to provide advice, is something I would strongly recommend to any would be applicant.
Having peace of mind on your vacations is fundamental, one way to ensure this is to have cover against accidental damage of your Sotogrande holiday home. This affordable insurance represents a convenient alternative to a deposit, to both owners and renters.
A potential buyer of a Sotogrande property can request a “Certificate of No Urban Infringement”. Something rarely seen before in Sotogrande.. Find out more!
What Brexit will mean for businesses and individuals in the EU? Leon Fernando Del Canto analyzes the situation particularly for the large number of British citizens living and working in Spain. Article published by the Bloomberg Tax website.
With the 31st October 2019 quickly approaching we thought it would be helpful to share some key web site Links for those who wish to keep informed about Brexit.
Mark Stücklin from Spanish Property Insight concludes, in this very interesting article on the numbers of expats living in Spain, that it can be argued that Brexit has caused some growth in British expats to Spain rather than a decline.. since the referendum.
In April 2019, the inheritance and gift tax was practically abolished for Andalusia, with other words the tax amount is now so small that it is no longer worth mentioning.
It is important to acknowledge that no one is exempt from paying the tax concerning the municipal capital gain, unless the transfer was made at a loss.
The aim of this report is to bring together the facts and figures about Andalucía’s property market in 2017. I’ll also look forward and make some predictions about 2018.
Senior Andalusian politicians agreed to significantly reduce Spanish Inheritance Tax (IHT) in the autonomous region of Andalusia.