The Spanish rental law was altered again on 6th March 2019, bringing back many of the first changes from December 2018 that were over-ruled in January 2019. The main changes are as follows. Long term rental contracts are now for a period of 5 years if the owner is a person. If the owner is […]
MTB Articles: Barcelona Property News and Updates
Important issues that you should know about when living or considering to live in Barcelona. Mostly the articles focus on the property market, both renting and buying in Spain.
Each autonomous region in Spain can have different rules and regulations. These articles focus on Catalonia, but some are also relevant to the whole of Spain.
This article is a very brief summary of the taxes due when you own a property in Spain as a non-resident, particularly non-resident property owner’s tax or, also known as non-resident imputed income tax. My advice is to use a tax expert, lawyer or qualified accountant to calculate your tax, to inform you which taxes […]
The Spanish Golden Visa gives residency to any non-EU national who purchases property or land for €500,000 or more in Spain. With the golden visa, you are free to travel to any of the European countries that are part of the Schengen agreement – for 90 days in every 180 days. You are allowed to […]
This article is an explanation of how to buy property in Barcelona. It covers each stage of the process: the property search, reservation, official deposit payment (Arras) and the final signing and exchange of the deeds (Escritura). The first stage is to know your budget and to allow enough money to cover the expenses of […]
ITP stands for Impuesto sobre Transmisiones Patrimoniales – which equates to Transfer Tax. There are various forms of ITP, but this article is concerned with paying the ITP when renting property in Spain. By law when you rent a property in Spain you have to pay the ITP tax. It’s a once only payment when you […]