cadastral<\/a> value). \u00a0It is an estimated value of the property relative\u00a0to when the property was last re-valued\u00a0and is calculated based on it’s purchase price, size, condition, lease details etc, and adjusted locally based on a\u00a0coefficient for the town where the property is registered.<\/p>\nLa Escritura<\/h3>\n
La Escritura is the Title Deeds of the property.<\/p>\n
Impuesto sobre Transmisiones Patrimoniales y Actos Jur\u00eddicos Documentados<\/b><\/h3>\n
The tax levied on the purchase of re-sale property (as opposed to new property) payable by the buyer. The amount payable varies from 7-10% depending on the autonomous region<\/p>\n
Impuesto de Bienes Inmuebles<\/h3>\n
IBI (Impuesto de Bienes Inmuebles<\/em>) is an annual property\u00a0tax that is payable by all owners of property in Spain, much like the Council Tax in the UK. \u00a0The IBI tax is based on the Valor Castal <\/em>of the property. \u00a0When purchasing a property your lawyer should make sure that\u00a0there are no outstanding IBI payment due on the property.<\/p>\nImpuesto Sobre El Patrimonio<\/h3>\n
IP (Impuesto Sobre El Patrimonio<\/em>) is\u00a0considered\u00a0a wealth tax. \u00a0Property owners may be subject to pay IP<\/em>, depending on the value of their home. \u00a0Check with your tax independent adviser.<\/p>\nN\u00famero de Identificaci\u00f3n de Extranjero<\/h3>\n
The NIE (N\u00famero de Identificaci\u00f3n de Extranjero<\/em>) is the national identity for foreigners and is required to pay all taxes, buy or sell a property, buy home insurance , open a bank account, start a business, register with social services, paid employment etc<\/p>\nGestor?<\/h3>\n
A gestor<\/em>\u00a0is a person who handles transactions and paperwork. \u00a0Some gestors<\/em>\u00a0specialise in law others in accounting.<\/p>\nImpuesto Extraordinario Sobre El Patrimonio<\/h3>\n
IRPF (Impuesto Extraordinario Sobre El Patrimonio<\/em>) is personal income tax, the taxed levied on any income generated through paid employment etc.<\/p>\nImpuesto Sobre El Valor A\u00f1adido<\/h3>\n
IVA (Impuesto Sobre El Valor A\u00f1adido<\/em>) is the equivalent to VAT (Value Added Tax). \u00a0The current rate for most goods and services is 21% (selling land for property development for example), however some products are totally exempt from IVA, such as state education, museums and libraries. \u00a0Other goods and services such as basic foods (fruit and vegetables, potatoes, bread, milk) benefit from a reduced rate of 4%.<\/p>\nCertificaci\u00f3n Sobre las Deudas con la Comunidad de Propietarios<\/h3>\n
This is a document that certifies any debts on the property and should be signed by the president of the community of owners and the administrator. \u00a0The vendor is responsible for producing this\u00a0certification and presenting it to the notary when signing & exchanging contracts.<\/p>\n
Empadronamiento<\/h3>\n
Empadronamiento<\/em> is the process of registering on the electoral roll, allowing you to vote in the local elections and the Ayuntamiento<\/em>\u00a0receives a level of funding for public services based on the number of people empadronado<\/em>\u00a0(registered). \u00a0A\u00a0valid certificate may be used as proof of address, however the certificate is only considered valid if issued in the previous 3 months. \u00a0It may also be required when registering your children in a school, for getting married or when buying a car.<\/p>\nNotario<\/h3>\n
The notary – an official that neither represents the buyer nor the seller of a house sale;\u00a0a notary\u00a0is required to officiate the signing of contracts. \u00a0Notary fees\u00a0are calculated on a sliding scale ranging from 0.3% to 4.5% of the property value.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bureaucracy\/Paperwork Understanding all the terminology needed when moving to a foreign country can be daunting and a real pain\u00a0to get your head around. \u00a0The process of buying a house adds to the complexity and paperwork of course. \u00a0A lot\u00a0of the paperwork can be be obtained yourself if you read upon each subject and don’t mind…<\/p>\n","protected":false},"author":38,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-21575","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.miapropertyboutique.com\/sv\/wp-json\/wp\/v2\/pages\/21575","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.miapropertyboutique.com\/sv\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.miapropertyboutique.com\/sv\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.miapropertyboutique.com\/sv\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/www.miapropertyboutique.com\/sv\/wp-json\/wp\/v2\/comments?post=21575"}],"version-history":[{"count":0,"href":"https:\/\/www.miapropertyboutique.com\/sv\/wp-json\/wp\/v2\/pages\/21575\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.miapropertyboutique.com\/sv\/wp-json\/wp\/v2\/media?parent=21575"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![\"Paperwork\"](\"http:\/\/www.miapropertyboutique.com\/wp-content\/uploads\/2015\/03\/paperwork-300x200.jpg\")
Understanding all the terminology needed when moving to a foreign country can be daunting and a real pain\u00a0to get your head around. \u00a0The process of buying a house adds to the complexity and paperwork of course. \u00a0A lot\u00a0of the paperwork can be be obtained yourself if you read upon each subject and don’t mind queueing over and over again in different administrative offices where the staff don’t always speak English.<\/p>\n