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Does anyone have any experience of transferring ownership of a property?
My wife and I are thinking about transferring the ownership of our house to our 2 children and are a bit confused about the implications of gift tax, especially in view of the fact that they are my stepchildren.
Posted: Mon Apr 25, 2022 10:09pm
Super helpful member
It's quite easy. All you need is a notary public. He will also let you knoiw about the costs involved. Depending on the Comunidad Autonoma, transfer tax may be lower than inheritance tax. In any case, as a guideline consider 10%. You can save a bunch involving neither a lawyer nor a gestor. Take the "primera copia" of the deed to your council and pay "plusvalia" and fill form for property change at the cadaster. Then take the same document to "Hacienda" of you comunidad Autonoma and pay "Impuesto de Actos Juridicos Documentados". Next is the Land Registry "Registro de la Propiedad". And that's it.
