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Old 02-20-2006, 04:49 AM #1
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Owning Property in Spain

First, I should have asked this before. I know i've been asking and posting info about spain in this forum, but i hope the spanish speaking members don't mind this in English. Thanks and here's what i found from the company that is going to help me find a place in Spain.
Take care,
BG

Owning a Property on the Costa de La Luz

Although foreign buyers don't have to become resident in Spain they do have to apply for an NIE (Numero de identification de Extranjero) number through their lawyer.

Apart from insuring one's properties other fees and taxes have to be paid:

IBI Tax
This is a real estate tax (local rates) levied by the local town hall and is usually 0.85% of the catastral (rateable) value.

Property Income Tax
Non resident natural persons owning real estate in Spain for private purposes will be taxed at the rate of 25% of the supposed profit (rental income) produced by the property and this supposed profit is calculated at the rate of 2% of the catastral value.

Property Wealth Tax
This tax is calculated as between .2% and .25% of the highest of the following values:

1. The catastral value
2. The value estimated by the tax authorities
3. The purchase price 'declared' on the title deed.

Community Fees
These are paid to the Community of Owners for services and maintenance of communal areas when the property is located in a development or condominium.

* Offshore Companies owning property in Spain pay a fixed rate of 3% of the catastral value instead of the Property Income and Wealth Taxes
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Old 02-20-2006, 06:06 AM #2
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hmmmmmmm,,

I may be wrong,, even out of line,, but here goes anyways........

Perhaps you might set up a "company/corporation" for this?
Just a thought,, any spainards out there?
Mandela?
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Old 02-20-2006, 06:49 AM #3
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Mi Amigo Gold_Dust_Women.....el quiere comprar una casa en Espana.....traduccion...

Me llamo guineapig......mucho gusto....

Hay una persona aqui que puede ayudarme? Tengo un amigo ( que se llama Gold_Dust_Women) que quere informacion de las reglas y los impuestos associadan a la compra de una casa en Espana.

Mandame un mensaje electronico si es posible ayudarme....

GDW es un buen hombre y muy amable tambien........entonces...

Puedo transladar para GDW.....

-su amigo guineapig......muchas gracias......
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Old 02-20-2006, 12:19 PM #4
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Hola Guinepig,dociron y Gold_Dust_Women
mi mujer te puede ayudar, sale a las dos de trabajar
mas tarde te explico lo que necesita

un saludo a todos
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Old 02-20-2006, 02:41 PM #5
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Gracias cada uno para la ayuda. Conseguí un software de traducción y el tratar de aprender tan mucho español no, antes de hacer del salto. Este es alguna información que encontré en una compañía de bienes inmuebles que yo podría usar. Voy a formar una compañía/corporación, porque comenzaré un negocio ahí. Gracias por la ayuda y suport cada y gracias Guinepig para las palabras amables.
Tener cuidado
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Old 02-20-2006, 07:32 PM #6
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hola Goldustwomen y gineapig, si me traduces lo que quieres saber exactamente, igual te puedo ayudar.
Si quieres hacerlo por PM no hay ningún problema.

un saludo
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Old 03-16-2006, 04:47 PM #7
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hola, los precios de las casas varian segun el lugar donde los compres, una casa en la isla de mallorca cuesta 5 veces mas que la misma en andalucía. Deberias contarnos donde te gustaria vivir.

That's my poor traslation:
hi, the house's price depends where you want buy it, a house in mallorca (a beatiful island at the east of spain) cost 5 times more than the same house in andalucia. You may tell us were you're thinking to live.
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Old 03-16-2006, 04:50 PM #8
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upps sorry. Youre thinking in costa del sol at barcelona?
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Old 04-04-2006, 03:23 AM #9
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Hello Goldustwomen

Do you know the response if you want set up a breed suite in your house in spain ,wht you need to do in order to do it legaly with a licence like 150 seedbanks there,in the catalane aera?I wnat grow some genetics from the Mendocino aera.
regards,
pierre
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Old 04-04-2006, 05:50 AM #10
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Do you know the response if you want set up a breed suite in your house in spain ,wht you need to do in order to do it legaly with a licence like 150 seedbanks there,in the catalane aera?I wnat grow some genetics from the Mendocino aera.
regards,
pierre

Sorry, I haven't looked into that as of yet. I'm more worried about buying my real estate right now. I can deal with a small seed venture at first and will look into legal business. As of now, i'm looking and talking to Hydroponic Wholesaler's out of UK to supply Hydro store in Cadiz or close to Cadiz. If i find or hear anything. I'll make sure to post the info. I'm going to be meeting with a couple of Big seed companies once i get there and finding out the true about the business. My store will stock seeds from the major vender's for walkin sale's only. No internet sale's at all. I should be able to know more once i talk to a few Big Wig's over there. Sorry, wish i could help you, but i'll know more early 2007. I might even be there by this Dec. Will see what happen in the next few months. Good luck on your quest and if your ever over there. I'll be posting info to my store once it opens. Then i'll ask any member to stop in and say high. Well, i'll post any info i can find, but i doubt it will be till later.
Take care
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