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Real Estate Spain - Useful Spanish Legal Terms

Abogado

Lawyer, Solicitor, Attorney

Administrador

Administrator, Manager, especially of the affairs of a community of Property Owners

Acta

Minutes of Meeting

Al Contado

Cash

Albacea

Executor of Will

Alquiler

Rent

Arbitrio sobre el incremento

A sort of Capital Gains Tax on increase in land value, also called Plus Valía

Asegurar

To insure

Asesor Fiscal

Financial Adviser, Tax Consultant, Accountant

Autorización de residencia

Residence Permit

Ayuntamiento

Town Hall

Certificado de cambio de divisas

Certificate of Exchange of fereign currency into Spanish Pesetas

Certificado de empadronamiento

Certificate showing a person resides or owns property in a given municipality

Certificado penal

Certificate showing any prison record or legal judgement against a person

Cobrar

To cash a cheque, to collect a payment

Comprador

Purchaser/Buyer

Compensación extranjera

Percentage deduction applied to Spanish Income Tax due in order to compensate for tax paid abroad

Comunidad de Propietarios

Owners association in an apartment building or complex of attached houses

Contrato de compraventa

Contract of Sale and Purchase

Contribución dineraria extranjera

Foreign money contribution, necessary to start a business in Spain for non-EC persons

Contribución Urbana

Former name (still used colloquially) of municipal real estate tax Now IBI

Cuenta corriente

Cheque account in bank

Declaración de impuesto

Tax Return

Declaración de obra nueva

Declaration and Registry of new Construction

Declaración de renta

Income Tax Return

Demanda

lawsuit

Documento unificado

Combined Work and Residence Permit

Domiciliación de pagos

Standing Order to Bank for payment of electric, water, tax bills, etc

Escritura de compraventa

Notarized Contract of Sale and Purchase

Escritura pública

Notarized and Registered Deed of Title to Property

Estatutos

By-laws, Statutes, especially of owners association of condominium apartment buildings

Gastos

Expenses

Hacienda

Treasury, Finance Ministry, Tax Ministry

Hipoteca

Mortgage

Honorarios

Fees

Impuesto sobre Actividades Económicas (IAE)

This tax replaces the former fiscal licence for professionals and business operators

Impuesto sobre Bienes

Replaces the former contribución urbana as the annual municipal

Inmuebles (IBI)

Real estate tax

Impuesto de transmisiones patrimoniales

Real Estate Transfer Tax

Impuesto extraordinario sobre el partimonio

Capital Assets Tax/Wealth Tax

Impuesto municipal sobre la renta de las personas físicas

Income tax

Ley de arrendamientos urbanos

urban Letting Law covering rental of apartments, houses

Ley de la propiedad horizontal

Real Estate Law setting forth the legal framework for condominium buildings, and rights and obligations of individual owners

Licencia de aperture

Licence to open a business

Licencia fiscal

Former annual business licence, replaced in 1992 by IAE

Memoria

List of all materials and specifications for a construction job.

Número de identificación de extranjeros (NIE)

Foreigner's Tax Identification Number

Parcela

Building Plot

Patrimonio

Patrimony/Capital Assets

Plan Parcial

Plan of building plots in a housing development

Poder

Proxy, Power of Attorney

Registro de la Propiedad

Property Registry

Residente

Resident, Holder of an Official Residence Permit

Retención

Withholding Tax retained from salaries, earnings on rentals, bank accounts etc.

Solicitud

Petition, Request, Application

Tarjeta Comunitaria

EC Registration Card

Temporada

Season, Short Period of Time

Testamento

Will/Testament

Todos los gastos

All charges, often stipulated in Home Purchase Contract to buyer

Traspaso

Transfer/Lease of Property

Trimestre

Quarter

urbanización

Houseing Estate

Valor Catastral

Official Valuation of Real Estate for Tax Purposes

Visado de residencia

Visa required for living in Spain more than period allowed regular tourists

 

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Buying Property in Spain
Tax Incentives
Main Taxes on Purchase
Main Annual Tax
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Useful terms

 

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