FAQs

The article 34.1 determines if we are talking about a gain or loss of assets with respect to the sale of rural properties. The taxable amount of the savings is allocated to the sale of rural properties, since we are talking about a gain or loss arising from the transmission of an asset.

The developable land and the urban land are the two types of building land. The differences between them are described below.

Land banks

The developable land is not yet ready for the building and the city Council will not grant a licence if you have not performed the previous work of processing and packaging. In some cases it is necessary to develop a program of an urban or a Partial Plan, a Unit of Action, or one of many other options. Once produced, the program of urban development, launch it.

Urban land/urban plots

These plots are already prepared for the construction, so you don't have to worry about carrying them infrastructure, such as roads, sidewalks, street lighting, sewerage, water and electricity. The town Hall will be given a construction permit in terms of this your Construction Project and follow the necessary procedures.

See more at: LAW OF ORDENACION URBANISTICA DE ANDALUCIA

Before you sign any document, be sure to check a number of points to ensure the legal security of the property you want to purchase.

Buy-sale started, it is important to examine them with care to avoid any problem.

Here we explain how to determine if a site is legitimate to not expose your investment:

I want to see the scriptures.

The scriptures are the highest degree of proof that someone owns a property, in this case, a home. There is No better way to make sure that the real estate company, construction company, or a company with which you are dealing with has the right to sell the land that applying the scriptures.

Make sure that the specified features match with the property that interests you, you have the stamp of Public Property Registered and you have all the information about the owners and the modification dates when you examine the information.

Investigate who owns the land in particular is crucial, although it is probable that you will land was cheap, because the sale of communal land has come to be very common, and you risk your investment.

Investigates the seller.

Check that everything is in order with the property you are buying, researching, and asking for references to the company or the seller particularly trying. With this, you can be sure that the ground is not in a legal proceeding, or run the bank.

The best time to buy an investment property is to go to a trusted company as the Group Farko, which has a wide experience in the sector and a track record that you can check -through its portfolio of projects - which is the owner of your properties and the necessary documentation.

Verify the use of the soil.

It is important to verify that the use of the soil is adequate, since not all states have the same permissions and may vary.

Each division has its own guidelines for the use of the soil, but the goal is to develop an urban growth that respects the environment and ordered is the same.

Make sure that the field you are interested in it complies with the regulations of zoning, including the amount of open space and height restrictions of the buildings.

Request information about if you don't have debts.

Buying a property involves arranging for a certificate of status, which indicates whether the property is a day in their services, property and contributions, as well as if it is free of any mortgage.

You can apply at the Office of the Public Registry of the Property of its jurisdiction, or you can do it by Internet. The only thing you have to do is fill out the form and pay the fee, which depends on the state in which you reside.

Ask for the plans, please.

Whatever the type of promotion you are, the seller or the company with which you do the deal should show you the blueprints of the building, duly sealed by the institution for urban development to authorize the projects, indicating the location of the land and the measures of the building. Make sure that they match with what you offer.

Depending on the circumstances, it may be more interesting to pay VAT or transfer tax. If the purchaser is a businessman, you must pay the VAT because you can deduct it and compensate for it. If the buyer is a natural person that wants the land for their personal use, should pay for the transfer and pay the 10% VAT instead of the 21%.

When you buy or sell a piece of land, you should consider the tax implications. Depending on the circumstances, you may pay the VAT or transfer tax. For a business owner may be more advantageous to pay VAT on the transfer tax. In this way, you will be able to claim it as a deduction and refund. If the buyer is a natural person who wishes to acquire a plot of land for personal use, you must be willing to pay the transfer tax. In this case, you pay the 10% instead of the 21% VAT.