Mallorca Solicitors
Why is it Essential to Hire a Lawyer in Mallorca?
When buying or selling a property..
Whether you are looking for selling or buying a property in Mallorca or elsewhere, if you’re serious about buying an overseas home you need a solicitor in Mallorca who understands the legal process – and language – of the country where you are buying.
In addition to buying a property, you may need help with a Spanish will or inheritance or even to apply for your NIE Spanish identity number or residency.
A solicitor in Mallorca will check the legal formalities of the sale
Property-Lawyers© members with local office sin Mallorca offer assistance when buying or selling property in Mallorca and look at every aspect of the purchase or sale on your behalf, keeping you informed during all the process.
Tax advice is also important
If you are interested in buying a villa, apartment, house or plot of land in Mallorca and you are coming from a foreign country like England , or Germany, you should consider that both the jurisdiction and the processes to be carried out and the roles of law professionals involved in it are different.
During the buying process, the presence of a solicitor is essential to be responsible for providing obligatory advice to clients on legal, tax and legal liabilities acquired during the action of purchase.
A local solicitor can fully assist you during the buying process.
Getting the deal through
Our members of © Property-Lawyers.com, offer expert advice in everything required for the purchase or sale of a property in the Balearic Islands. Hiring a Mallorca solicitor is crucial to any successful business in Spain and they will carry on the following services :
- Advice and assistance will be given to obtain a Spanish NIE
- Negotiate, amend and complete the terms and conditions of the purchase contract
- Conduct a land registry search to ascertain the official owner, the description of the property; whether the building is registered and whether there are any charges attached to the property, such as a mortgage, easements or positive/negative covenants.
- Search at the local council planning department to discover whether the building itself has a building license/permit. Ascertain whether the described property surface area at the land registry is covered (or is in accordance) with the local council license/permit. Search at the habitation department to see if the property has a certificate of habitation.
- Search at the cadastral registry to confirm the cadastral value.
- In case of urban apartment, confirm any communal obligations and also ensure that the seller has an updated record of community charges.
- Verify whether or not all General and Local taxes have been paid up to date.
- Completion of the transaction before a Notary Public. A notary public is a Spanish Public Servant who certifies the capacity of the parties and the content of the title-deed (escritura).
- After signing and the completion of the deal, Property Transfer Tax (ITP, currently a progressive tax from 8 to 10%) has to be paid to the Balearic Islands Tax Authorities within 30 days of completion, in accordance with a general tax rule. VAT (IVA in Spain) might also be applicable in other types of transactions.
- Formally notify the utility companies (electricity, water, etc) of the change of ownership and organise payment arrangements with your Spanish bank.
A solicitor or conveyancer will handle all the legal aspects of buying or selling a property
It is therefore necessary to have the services of a firm of solicitors specializing in real estate law with multilingual abilities to offer from the due diligence before buying a property to paying taxes after the purchase
Take a look at the top 10 solicitors in Mallorca who are specialists in Real Estate Law and tax advice in the process of buying and selling a property in Mallorca.
Tax Advice in Mallorca
Solicitors in Mallorca provide a comprehensive range of tax services for businesses and individuals, both resident and non-resident in Spain, including: personal tax, business tax, property tax, VAT, inheritance tax and capital gains tax. We can also advise you on how changes to the Spanish tax system may affect your personal assets or your business.
Video Presentation of Property Lawyers Spain
External Resources for Lawyers in Mallorca:
Recent News about Mallorca and the real estate market:
Relieve for the Tourism sector
The Balearic Islands tourism sector has breathed a huge sigh of relief after learning that Mallorca will remain at amber in the latest revision of the ‘traffic light’ list of countries.
Why Mallorca’s property market is stronger than ever
One of the main reasons for the tremendous surge in property investment on Mallorca is that people are turning their backs on banks, who are offering next to zero for their cash assets, and they are looking for lucrative returns on their money. The best option is to invest in a property for sale in Mallorca, and for many it is also safer to invest on the island than back home. Mallorca is one of the most popular holiday destinations world-wide and both the property sales and villa rental markets are booming – and have been now for years! Buying and renting out means all running costs are covered (including mortgages) and the owner is left with a nice income.
Written by Property-Lawyers©
Find Solicitors in :
Palma de Mallorca. Find the leading property lawyers and solicitors in the city of Palma.
Solicitors in Andratx. Southwest of Mallorca attorney.
Solicitors in Pollensa. Find Mallorca Solicitors in Pollenca and Port de Pollença.
Solicitors in Santanyi. The town of Santanyi is very popular in 2021. Find here the best law advisers when buying a house in Majorca.
Solicitors in Ibiza. Ibiza is more popular than ever but many properties have legal issues. Find the best solicitors in the island if Ibiza.
Photo Credits: Balearic Properties Real Estate©
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