Hi,
Just would like to know the actual taxes and fees charged from buying a property in Spain.
The agency stated this 10% from the property price for the Tax ( Model 600 )
Secondly another 5 % legal fees for land registry,Town hall fee, water & electricity contracts and Notary
Where do I check the prices for these 5 % legal fees charges? So i roughly know the actual prices.
Posted: Thu Jun 28, 2018 6:56pm
Very helpful member
Don't give the agent any money in terms of a deposit
Don't use any solicitor recommended by the agent
Budget 13% on top of sale price. 15% is too high.
This post that was quoted has been deleted.
Hi
Thank you for your reply.
I was told by the agency the 5% they will do all the things as mentioned earlier.But to my knowledge there is no solicitor use by the agency side and i was told that the owner itself will be representing me at the notary.I am a bit worried and also i dont want to spend too much, as lawyer fees plus that 5% is really a lot.I will need to clarify more on this.If you dont mind how much did the lawyer charge you?How much did you pay for the agency?
271935 wrote on Thu Jun 28, 2018 6:56pm:
Don't give the agent any money in terms of a deposit
Don't use any solicitor recommended by the agent
Read more...
Budget 13% on top of sale price. 15% is too high.
Thank you for your reply.
I was told i need to pay that 5% for the agency doing all legal fees and i am still without any lawyer.Not even from the agency side.I have paid 10% deposits to the agency account as most agency requires to do that as soon as you want to book a house.
Posted: Fri Jun 29, 2018 10:32am
Very helpful member
1700e all in I paid which covered.
Notary
Solicitor Fees
NIE
Utilities
Land Transfer
Opening Bank Account
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This post that was quoted has been deleted.
Thank you for your message.I appreciated it a lot.Yes i have got a receipt for the deposit from the agency.
I will contact a lawyer soon to help me.
Posted: Fri Jun 29, 2018 11:43am
Super helpful member
There is another rather hidden tax "Impuesto sobre el incremento del valor de los terrenos" impossible to determine without having certain relative information from the vendor. Furthermore, this tax legally to be born by the vendor. But usually ist is "agreed" to have the buyer make this payment. Referring the whole paperwork to a "gestoria" whose will easily result in another 300-500,-. Think about some 13% on the sales amount for taxes, costs, and fees.
This post that was quoted has been deleted.
Hi
Thank you for your message. It is very clear stated the prices which you have paid.Did you need to pay for agency fees if the lawyer does all these for you?
Which lawyer are you using?
271935 wrote on Fri Jun 29, 2018 10:32am:
1700e all in I paid which covered.
Notary
Read more...
Solicitor Fees
NIE
Utilities
Land Transfer
Opening Bank Account
May i know the lawyer's name or their website? I am trying to get a service proposal quotation.
killjoy wrote on Fri Jun 29, 2018 11:43am:
There is another rather hidden tax "Impuesto sobre el incremento del valor de los terrenos" impossible to determine without having certain relative information from the vendor. Furthermore, this tax legally to be born by the vendor. But usually ist is "agreed" to have the buyer make this pa...
Read more...
...yment. Referring the whole paperwork to a "gestoria" whose will easily result in another 300-500,-. Think about some 13% on the sales amount for taxes, costs, and fees.
Okay.Should the seller then pay the taxes?Should be deducted from the last payment payable to the owner.
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