Property on Costa del Sol
Property Costa del Sol - Real Estate Costa del Sol: Buy or sell a property on Costa del Sol.
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Do you own a property on Costa del Sol or are you planning to buy a home in southern Spain? Read this!
First of all you need a N.I.E number to buy a property on Costa del Sol. That is a personal identification number that you get from the local police stations or the Spanish Embassy in your country registering your passport. Residents already have that number.
If you are resident in Spain the rules are fairly simple for private property owners: Benefits, loss of income through rents and deductions for mortgages has to be declared in spring, when it is time to do the usual declaration to the Spanish tax authorities.
If you own a Spanish property and are officially resident in some other country, more complicated rules applies.
As a non Spanish resident but property owner in Spain, you are obliged to declare and pay property taxes before the end of December each year. The authorities do not send out any forms or notices about this: It's something you just have to know and do yourself in order to avoid fines and problems.
A municipal property tax is paid at the beginning of the summer: IBI. It applies to all properties: Both those belonging to residents and those living abroad, including garages, etc.. The municipalities sends out notice when it is time to pay.
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Buying and purchasing a holiday home or a holiday property in Spain
The buying or purchase of a home or a property in Spain needs some important advice and consideration: To keep in mind are the costs of buying or purchasing a home or a property in Spain, besides the proper price of the Spanish house or apartment. Buying and purchasing a home or property in Spain often needs appointing a legal representative and sometimes naming a power of attorney.