Buying an apartment in Spain via a UK Ltd Company

Spanish Property Insight Forums Spanish Property Forums Property Questions & Answers Buying an apartment in Spain via a UK Ltd Company

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    • #182087

      I wonder if any one can help?

      I am thinking about buying an apartment in Spain. We are considering buying it via a limited company that we have set up in the UK. There will be no mortgage involved as it’s cash from the company account coupled with a Directors loan.

      Can anyone please help me identify the costs of going down this route. I understand the costs if I purchased this as a private individual, but I can’t seem to nail the numbers using the limited company route.

      Any feed-back will be much appreciated.



    • #182131
      Mark Stücklin

      Hi Colin,

      Have you read this article on the pros and cons of buying through a company?

      Buying and Owning Spanish Property through Companies: Pros and Cons

      Does that answer your question?

      • #182136

        Oh dear….companies are a no no….unless you are spending millions!!

    • #183043

      Hi Colin,

      If you purchase your Spanish property into a UK Limited Company the costs will be the following.

      1: Around £5300 UK & Spain legal fees for setting up the UK Company to accept & buy the property in Spain correctly.

      2: Around €1500 to cover the Spanish Notary & Land Registry Fees.

      3: 10% Property Purchase Tax in some Regions of Spain but can be slightly less in some Regions. There is a method of saving the 10% Property Purchase Tax if the property was invested into a UK Company in exchange of shares.

      If you were to purchase a Spanish property into a UK Limited Company then the Spanish Inheritance Tax savings would be around €85,000 if the property was going to be bought at €300,000 and left to a Group 3 Beneficiary in Spain.

      If anyone would like to contact me directly I can supply a Spanish Inheritance Tax planning website that allows you to calculate your own specific Tax liability if you buy in your own name a Spanish property, also there is a on-line Audio Movie of around 4 minutes that presents the full process and advantages of UK Limited Company ownership.

      Regards, Mark Roach.

    • #183882
      Graham Pooley

      I had the same question Colin, thanks for asking.

    • #183883
      Graham Pooley

      and thanks to both Marks for their answers too!

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