Fiscal & Banking Advisory
Navigate the financial landscape of Spanish property ownership with confidence.
Clear Financial Guidance
Purchasing property in Spain involves understanding local tax obligations, banking procedures, and financial requirements. While these may seem complex, having the right guidance makes the process straightforward.
At Weinrech & Souren, we coordinate with established tax advisors and banking institutions to ensure you have clear, accurate information at every step. Our role is to connect you with the right professionals and help you understand your options.
Our Advisory Support
Tax Advisor Coordination
We connect you with reputable, English-speaking tax advisors who specialize in property transactions and international clients. They will provide professional advice tailored to your situation.
Banking Assistance
Opening a Spanish bank account is essential for property purchases. We guide you through the process and introduce you to banks experienced in serving international clients.
Mortgage Guidance
If you require financing, we connect you with mortgage specialists who can explain the options available to non-residents and help you find competitive rates.
Purchase Cost Overview
We provide a clear breakdown of the costs associated with buying property in Spain, including transfer taxes, notary fees, and registration costs, so you can budget accurately.
Currency & Transfers
International property purchases often involve currency exchange. We can recommend services that offer competitive rates and secure international transfers.
Ongoing Tax Obligations
Property ownership in Spain involves annual tax obligations. We ensure you understand these requirements and connect you with advisors who can manage them on your behalf.
Understanding Spanish Property Taxes
A general overview of the taxes and costs associated with property ownership.
Purchase Taxes
Transfer Tax (ITP): Typically 10% of the purchase price for resale properties in Catalonia.
VAT (IVA): 10% plus stamp duty for new-build properties.
Annual Taxes
IBI (Property Tax): Municipal tax based on the cadastral value of the property.
Income Tax: Non-resident owners must declare imputed income or rental income annually.
Additional Costs
Notary & Registry: Approximately 1-2% of the purchase price for legal documentation.
Legal Fees: Independent lawyer fees typically 1% of the purchase price.
These figures are indicative and subject to change. Your tax advisor will provide accurate calculations based on your specific situation and current legislation.
Get Clear Financial Guidance
Every purchase is unique. Contact us to discuss your situation and we'll connect you with the right professionals.
Request a Consultation