A few days ago a client asked me the following question: I am going to buy a house that is 50 years old and in a regular state, with the purpose of reforming it. The value of the property on the market is lower than the cadastral reference value, for what value do I have […]
The government and the banking sector have reached an agreement on the measures to be adopted to alleviate the mortgage burden of more than one million vulnerable families or those at risk of vulnerability due to the rise in the Euribor, while preserving financial stability, according to the Ministry of Economic Affairs and Digital Transformation. […]
As a consequence of the continuous rise in inflation due to the Ukrainian-Russian war conflict, Pedro Sánchez has confirmed the arrival of new measures that will be in force until December 31. This new package has a cost of 9 billion, which together with the current measures will total 15 billion. With this package, the […]
All owners of rented accommodation are obliged to declare the income received from renting, as this income is considered as income from real estate capital. How is it calculated? Before the tax authorities, the tax is paid on the net income. In other words, the amount received minus deductible expenses. From this figure, the net rental […]
Regulatory changes to legalise and constitutionalise the municipal capital gains tax came into effect on 10 November. The rule is not retroactive, so more taxpayers than the government expects are exempt from paying the tax. Now, the Directorate General of Taxes, part of the Ministry of Finance, has clarified the circumstances in which taxpayers must […]
The Real Estate Cadastre is the administrative register of the Ministry of Finance and Public Function in which rustic, urban and special characteristics real estate is described. It is regulated by the Texto Refundido de la Ley del Catastro Inmobiliario. Unlike the Land Registry, registration is compulsory and free of charge. This description of the […]
One of the biggest concerns of tenants of rental properties is the malfunctioning or damage caused by any internal or external factor, as there are a number of doubts as to who should be responsible for the corresponding repairs. However, the landlord and tenant must come to a legal agreement, which is documented in the […]
The Communities of Irrigators and Users Fuente del Badén will not be able to continue providing service to the properties from January 1st, when they will have to contract the service with Aguas de Narixa. In full drought, with the reservoir of La Viñuela at 17% of its capacity, with only 28.2 cubic hectometers stored, […]
When it comes to selling or renting a property, this can be done through a real estate agency or on behalf of the owner. According to the General Council of Notaries, the data for home sales in March 2021 represents a year-on-year variation of 83.72%, or 59,692 transactions. More and more people prefer to sell […]
PSOE and United Podemos have reached an agreement to approve the draft General State Budget (PGE) for 2022, thanks to the fact that the PSOE has accepted a pact on the Housing Law, which aims to include tax incentives for small landlords to maintain rents, limits on the rents of large landlords, a surcharge on […]
