Notarial purchase and sale services include both the purchase of real estate (homes, premises, storage rooms...) and other movable property such as shares or participations in a company.

Purchase and sale of real estate:

Necessary documentation:

1.- Original of the sellers' property title.

2.- D.N.I. buyers and sellers. If any of the intervening parties is a company, it will be necessary to present the public deed of incorporation of the same, the certificate of real ownership as well as the power of attorney deed of the person acting on behalf of the company, in the event that it is not has been named in said articles of incorporation.

3.- Certificate that it is up to date with the payment of community expenses (waiver by the purchaser is possible, but the apartment is responsible for the overdue and unpaid part of the current annuity at the time of the transfer and the previous three .

Remember that the certificate is issued by the secretary with the approval of the president (not the Property Manager).

It is advisable that you ask the transferor or request that the certificate specify whether there is any outstanding spill in the community, as it could happen that while the apartment is up to date with the payment of community expenses, there is still some important outstanding spill and the buyer get the corresponding “surprise” when you communicate your purchase.

4.- Last receipt of the I.B.I.

5.- Energy efficiency certificate.

6.- Means of payment: identify whether it is going to be made by transfer, bank check or in cash, taking into account the limitation that exists in the latter case when one of the parties involved is a businessman, professional or self-employed, since it cannot be made. a payment of more than ONE THOUSAND EUROS in cash.

7.- If it is officially protected housing, the relevant administrative authorization.

8.-Certificate of habitability.

Expenses involved in granting a deed of sale of property

Seller: The costs of the public deed of sale when it has been agreed that they will be paid in accordance with the Law and the Capital Gains (Municipal Tax for the Increase in value of Land of an urban nature).

Buyer: The costs of the public deed when it has been agreed upon by the parties and is not carried out in accordance with the law, the copy of the deed, the expenses of registration in the Property Registry and the Property Transfer Tax in sales. between individuals or Documented Legal Acts, in purchase from a promoter, to whom VAT will have been paid).

Issues to consider:

Personal Income Tax (IRPF). Remember that the sale of real estate normally represents an increase in assets for the seller that must be included in the personal income tax return made the year following the sale.

Real Estate Tax (Contribution). Following the ruling of the Supreme Court of June 15, 2016, regarding the amount of Real Estate Tax corresponding to the current year, the general rule, in the absence of an agreement to the contrary, will be that the seller who pays the tax - as a taxable person by being the owner on January 1 - may pass it on to the buyer, in proportion to the time in which each of the parties has held the proprietary ownership and for the time that it is.