Reply To: Transferring Spanish property to UK company

#90686
Anonymous
Participant

well Katy, if the buyer bought your SL then he/she would pay 1% not 7%- ie they acquire the shares –

it is quite complicated as you then enter the world of possible underdeclaring of price or increasing share capital – not many buyers would take this on unless part of a sophisticated tax planning structure that suits them.

these days SL companies in Spain are mainly used by business people who want to protect assets in the event of bankruptcy, law suits etc