strudelbaum

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    • #198920
      strudelbaum
      Participant

      I think the original question was about the funds transfer tax. Taxation of your rental income is another thing. So whatever you do the taxman will have his share. You do save a lot of money, though, by operating with a real estate investment company. Long-term planning is essential here.

    • #198913
      strudelbaum
      Participant

      As far as I understand (please check this) you don’t have to sell unless you have proof of rental for the period. Of course, this would apply to long-term owners only.

      If you’re into making a quick profit on a fixer-upper project or the like they’d tax you accordingly for it. So if you’re buying cheap make sure they accept all the money is above the board.

      Good luck!

    • #198911
      strudelbaum
      Participant

      The usual transfer tax is 8% but when you buy for an SL  the rate is 2%. This is, however, not meant to apply to your own residence but rather to rentals. The SL has to be a specifically real estate investment company. Talk to a lawyer before you jump into this.

    • #194440
      strudelbaum
      Participant

      You should be happy with a net return of 4-5% on your investment plus the (unavoidable) 3% increase on the property resale value. Anything less than those two figures welcome to Costa del Sol.

      We’ve got sunshine…

    • #194351
      strudelbaum
      Participant

      Can anyone please recommend a lawyer in Malaga district to handle the registration?

      Thanks.

    • #192324
      strudelbaum
      Participant

      I have been told that the basic requirement for registration is that you provide some kind of an online booking facility. So if you don’t have one you can skip the whole issue.

      Is this true or not?

      Thank you.

      – Kari –

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