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How to Sell Your Home in Spain

How to Sell Your Home in Spain

4. Legal and Fiscal Obligations

The fiscal obligations for a foreigner selling his property in Spain are the following:

Your legal obligations is mainly to give a clean title to the new buyer and then to inform the town hall, the bank, the electricity company, water board and your fiscal representative in Spain that you no longer have any property. The new buyer should be advised to present himself instead.

Furthermore, you should be aware that Spanish law states that the real market value must be declared in any new escritura, and provides sanctions if they find a value has been declared at less than 90% of the real market value. What is the market value? Not necessarily your sales price, since you can sell above or below the market value.

 

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