Capital Gains Tax -Impuesto Sobre la Renta

GLOSSARY OF CONVEYANCING IN SPAIN > Index

Buying and selling property in Spain often means having to turn your hand to a wide range of things.
Each of them uses terms and abbreviations that can be difficult to understand.
We hope this glossary will give some plain English explanations to some of the most common
conveyancing terms.

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Please, select the first letter of the word from the list above to jump to appropriate section of the glossary

CAPITAL GAINS TAX (IMPUESTO SOBRE RENTAS DERIVADAS DE TRANSMISIONES DE BIENES INMUEBLES): In addition to the Real Estate Tax (IBI) all property owners, resident and non-resident alike, have to pay a Spanish tax on their capital assets. However, the amount of tax you are liable for differs depending on whether you are resident or non-resident. As a non-resident you will be taxed on all your capital assets in Spain including money held in Spanish bank accounts, shares, cars or yachts as well as real estate. When assessing the value of your real estate the figure declared on the title deed (Escritura Pública) is used to calculate how much Capital Assets Tax you will have to pay.
*Please, go to our Conveyancing Guide for further info. CLICK HERE

CERTIFICADO DE FINAL DE OBRA: Certificate which is issued by an architect confirming that the building meets the design specifications.

CHEQUE BANCARIO: Banker´s Draft

COMMUNITY FEES:*Please, go to our Conveyancing Guide for explanation. CLICK HERE

COMPLETION: A property purchase reaches formal completion when the Sales Contract (Escritura de Compraventa) is signed by both the purchaser and the seller in the presence of a Notary Public (Notario). A Notary is a public official who certifies that contracts are legal by checking that all the formalities involved in the transaction have been complied with. At this point the agreed sum is paid and possession of the property is handed over to the buyer.

Frequently Asked Questions on Spanish Law


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