For property's owners, buyers and sellers |
Important tecnical terms and forms of
the Spanish
vocabulary and the meaning ...
| Agua + luz | Water and electrical light | most of them are included in the service charges, otherwise, they are payed every two months ... |
| Ayuntamiento | Local Council | |
| Basura | Refuse | at present, it is payed every half year |
| Cuenta bancaria | Banking account | this is very important for established companies |
| Cuenta no
residente Cuenta corriente Cuenta al plazo fijo |
Non resident
account Current account Fixed-term account |
|
| Comunicación registral | Transfer of property | direkt vom Notar zu veranlassen, nach Abschluß not. Kaufurkunde |
| Comunidad de propietarios | Owner community | it is also payed every year |
| Contrato de Arrendamiento Urbano | Rental agreement | general (bzw. to residents) |
| Contrato de Explotación | Rental agreement | touristic! |
| Contrato de reserva | Reserve contract | frequently, it is, by common consent, included in general taxes!! |
| C. I.
F. xxxxxxxxxx N. I. F. xxxxxxxxx N. I. E. xxxxxxxxx |
Number of
fiscal identification ... of residents ... of non-residents |
|
| Constitución de una sociedad | Society constitution | |
| Contrato Privado de Compraventa | Private document of sale | |
| Escritura Pública de Compraventa | Public document of sale | |
| Gastos del Notario | Notarial charges | Payment through seller |
| Herencia | Heritage | .. unbedingt bei RA neues Erbschaftsrecht erfragen! |
| Hacienda | Public finance | |
| I.G.I.C. | Canary islands taxes | most
of 4,5% (2% - 13%) |
| Impuesto sobre Transmisiones Patrimoniales | Property tax | .. to
pay to the seller (6% of the whole price) |
| Impuestos
Bienes Inmuebles |
Property tax | Every
year in october ( last receipt must be given toguether with notarial documents!!) |
| Impuestos sobre el patrimonio | Heritage tax |
7% of the property value or asset value. The higher amount |
| Poder | Proxy | Foreign documents must show notes |
| Plusvalía | Capital gain | purchase charges |
| Representante legal | Legal representation | for non residents buyers, an obligation |
| Retención en la Adquisición de Inmuebles a no residentes sin establecimento permanente | Deduction of property for non residents | 5%-deduction, money will be given back later |
| Tarjeta de residencia | Residence card | the lisence of residence is received after 6 months living in the country |
| Transferencia del dinero | Banker's order | |
| Telefónica | Telephone | The new connection takes about 10 days and it costs over 75 pounds . |
| Valor catastral | Property values | it depends on the market value |
Real estates database