Tax Identification Number (NIE) In Spain every single person is assigned a tax identification number (NIE)which is used to file any tax returns and formal communications to the tax authorities. Foreigners need to obtain an NIE - foreigners identification number, which is obtained from the foreigners department at your local Spanish police station and issued by the Directorate General of the Police. Alternatively,nationals of other EU members states and other states which are part of the European Economic Area may apply to the Tax Office for a tax identification number.Ask your solicitor as to the formalities to obtain this number and the registration procedure before the tax authorities for tax purposes.
7.2 The purchase expenses
Notary fee.A fee payable to the Notary
Public for issuing and witnessing the
deed “Escritura ”on completion.The
fee normally amounts to approximately
0.4%of the purchase price.By law
the Notary Public fee is paid by the
seller unless otherwise stated in the
purchase contract.In practice,there
are many regions in Spain where it is
commonly agreed by the parties that
this fee is paid by the buyer.
Land Registry fees.A fee chargeable
on transferring ownership from the
seller to the buyer. Approximately
0.25%of the purchase price.This fee
is paid by the buyer.
ISVTNU (Plusvalia)Tax.A tax that
may arise on the disposal of the property
This is based on the increased value of the
property transferred up to the date of the sale.By law,and
unless the purchase contract provides otherwise,the seller
is liable to pay the tax to the City Hall within 30 working
days of completion.It is not unusual that the seller will
make provision in the contract to make the buyer liable to
pay this tax.
Search fees. These fees are necessary in order to carry out the required investigations on the property. The fee depends on what searches are required to your particular transaction.Land Registry searches, Companies House searches,City Hall searches, Inland Revenue searches or any other searches within Government departments will costs an average of 50 sterling pounds.
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