2nd Edition of the standard in the DG-Verlag published Berlin, October 10, 2008 – the number of German real estate owners in Spain is estimated at 300,000 to 500,000. Source: Karen Horney. So the dream of a holiday property does not become a nightmare, thorough preparation of the purchasing decisions and advice are needed. Lutz Minkner has closed a gap with the composing of real estate advisors which existed in the German-language literature on the special issues of Spanish real estate law. Meanwhile, the book in the trade press is known as the standard work on the subject of real estate in Spain, taking into account legal and fiscal aspects. Fully revised, updated and expanded the main issues for real estate purchase in Spain are represented with many sample cases, contract patterns and forms in the now released 2nd Edition on 438 pages: what are the tasks of advisors (brokers, lawyers, accountants, financial institutions) what these services cost? What are the essential differences between German and Spanish Contract law? What issues arise before conclusion of the contract, and how are to answer them? What legal status have book contracts, option contracts and private contracts? How do I recognize pitfalls? What obligations have the Gestoria, the notary and the Spanish property register? It makes sense to purchase a property through a company? In addition to the purchase price, taxes (tax or value added tax), as well as additional costs (notary, property register, Gestoria) incurred in the acquisition of Spain’s real estate.
The author explains how even this complex topic in a very vivid way. Also annually the owner must submit tax returns for income – and property tax, where however the wealth tax in Spain will be retroactively abolished to 1 January 2008. In the German press is often presented, on a housing estate in Spain, up to 80% were to pay inheritance taxes.