Solicitor ’s fee.This will depend on which servces are necessary or required for a particular transaction. Solicitors will normally deal with matters such us preparation of power of attorney,application to obtain foreign identification numbers (NIE),arranging surveys mortgage and other preliminary matters; searches and enquiries before contract;negotiating and concluding private agreement to purchase; investigation of title;completion of the transaction;
filing and lodging relevant taxes;and procedures for the registration of title.
Obtain an estimate of fees from your solicitor at the first meeting.This estimate may be subject to variation if unknown or unforeseen factors later emerge which complicate the transaction or if there are exceptional circumstances requiring extensive research. Charges are normally between 1,500 and 6,000€.
VAT is chargeable on the solicitor ’s fee at the rate of 16%.
There are a number of other expenses that may or may not be applicable to the particular transaction. These include,amongst others,translation of documents, notarized copies of documents,valuation /survey fees,mortgage costs and taxes, mortgage redemption costs, bank guarantee,insurance policies,community fees, electricity and water connection charges. Consult your solicitor as to what expenses may be applicable to your transaction and get a fixed budget.
7.3 Annual taxes
When you own a property,it is important to know what
other taxes and expenses you may be liable to pay
annually so you can fix a yearly budget for your property.
Taxes and expenses may vary from one Spanish region
to another,also some taxes may not be applicable to
some types of properties. Generally speaking,if you are
a non Spanish resident and own an urban property,you
will be subject to the below taxes. Consult your solicitor.
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