Under the Law 8/1975 whenever a British is purchasing a property in certain parts of Spain, they require a special permit from the Spanish Ministry of Defence. In this article, we discuss the details of this authorisation.
The Golden Visa allows non-EU foreigners (outside the EU) obtaining residency in Spain by investing in the country.
The pandemic makes highly advisable including a COVID clause in all the contracts signed when buying or selling property in Spain.
When a foreign person or entity owning real estate in Spain transfers it the purchaser must pay a 3% withholding tax of the purchase price. In this article, we shed some light on this matter by analysing two real cases.