Property Transfer Tax – a one-time fee upon purchase
VAT (IVA, VAT) – applicable when purchasing new properties in many countries.Notary and Registration Fees – costs associated with officially registering the new owner.Tax Residency Status – determining whether the buyer is subject to local income or property taxation.
Property Purchase Financing
Our partners in specific countries provide advice on: - Mortgage loans for foreign clients – collaboration with local banks. - Financing options through foreign banks or investment funds. - Negotiating loan conditions, interest rate fixation, and repayment terms.
Property and Wealth Taxes
After purchasing a property, it is important to be aware of: - Annual Property Tax (IBI, Property Tax, Grundsteuer). - Wealth Tax, if applicable in a particular country. - Options for reducing tax liabilities through local tax reliefs.
International Tax Agreements and Double Taxation
We assist clients in understanding: - Double taxation treaties between countries. - Tax deduction options when reporting income in the home country. - Inheritance and gift tax regulations abroad.
Tax Obligations When Selling a Property
International agencies provide guidance on: - Capital Gains Tax – tax on the difference between purchase and sale price. - Retention Tax for non-residents. - Possible exemptions and tax optimization strategies.
Tax Aspects of Property Rental
If a client plans to rent out their property, our agency can provide advice on: - Rental income tax rates – different for residents and non-residents.Deductible expenses – maintenance, property management services, mortgage. - Licenses and regulations for short-term rentals – Airbnb, Booking, and local regulations