Reference value in Spain
The reference value is a crucial concept used to determine the amount of taxes associated with property transactions, such as Stamp Duty, Inheritance , Gift and Transfer Tax. It’s a value that is intended to be an objective and reliable measure of the property’s worth, and it plays a significant role in calculating the taxable base. […]
Usucapion-Acquisition of ownership by long use and continued possession – Spain
Explanation of the usucapion procedure as a fair and legal title to acquire a property. What is usucapion? Usucapion in Spain is a way of acquiring ownership of a property through its continued possession. If we go to the etymology of the term, we can clearly understand its meaning: usucapion comes from the Latin words […]
Military Authorisation to Buy Property in Torrevieja, Orihuela and Murcia for UK Residents
After Brexit, UK residents become non-EU foreigners and therefore they must apply for the military authorization to buy a property in certain areas of Spain. The areas included in the military protected area are Torrevieja, Orihuela (Alicante), Cartagena, Mar Menor area or Mazarrón (Murcia) and others like Galicia or the frontier with France or Portugal. […]