1. PURCHASING A RESALE PROPERTY IN SPAIN• Costs of purchasing
• Appointing a legal representative
• Power of attorney
• Deciding on a property
• The private purchase contract
• Mortgage
• Due diligence
• The title deed and registration
• Property values
2. PURCHASING A NEW PROPERTY – OFF PLAN
3. SELLING YOUR PROPERTY• 3% tax retention
• Capital gains tax
• Long-term owners
• New Andalusian decree of real estate
• Non-resident certificate
• Income tax declarations
• Taxes and fees
4. ANNUAL PROPERTY AND INCOME TAXES• Property taxes
• Property owner’s imputed income tax
• Wealth tax (now abolished)
• Annual real estate tax
• Special tax on offshore companies
• Non-resident rental tax
• Business income
• Your fiscal representative
• Non-resident’s fiscal identification
number (NIE)
5. TAX ADVANTAGES FOR RESIDENTS• Exemption from capital gains tax
• 3% retention not applicable
• 95% reduction in inheritance tax
• Annual imputed income tax not
applicable
• Unlimited stay
• Residence permits
6. SPANISH BANK ACCOUNTS
7. SPANISH WILLS & INHERITANCE TAX• Should I have a Spanish will?
• Spanish will
• Family trust
• Equity release, reverse mortgage
• Offshore company
• Four years limit
• Power of attorney