Village Verde

With a focus on community, comfort, and luxury, while respecting the natural beauty of the area, this development is truly unique. It consists of 124 apartments set within six hectares of parkland, providing residents with exclusive common areas and state-of-the-art amenities.

Village Verde living area

With sizes ranging from 181 to 524 square meters, these spacious apartments and Sky Villas feature modern and elegant interiors that extend to beautiful terraces, perfect for outdoor dining and relaxation. Each property boasts terraces of at least 65 square meters, large terraces on the penthouses of the Sky Villas, and private gardens in the ground-floor apartments. All residences include two private garage spaces and ample storage rooms.

With a wide range of leisure and sports activities in Sotogrande, Village Verde ensures an exceptional quality of life, with discretion and privacy guaranteed.

Solarium at Sky Villa

The post Village Verde: living in a paradise in the heart of Sotogrande. appeared first on Holmes Property Sales.

5 Bedrooms | 5 Bathrooms | Plot 2.207 m2 | Built 1.421 m2 | Terrace 413 m2 | Asking price: 6.950.000 €

Impressive modern style villa Villa Batur

Exterior and Entrance

Villa Batur welcomes visitors with a grand main entrance path leading to the house. As you approach, you’ll notice the impressive rear facade, composed of four sections that form a sophisticated and elegant design. The spacious garage can accommodate three cars and features a mirrored door, aligning seamlessly with the house’s level to eliminate the need for ramps, ensuring easy access. The villa’s facades are adorned with water cascades and decorative ponds, adding a sense of peace and tranquility to the surroundings.

Entrance

Main Floor

On the main floor, an entrance hall leads to a large room of over 169 m², divided into several areas. The bright, modern kitchen, fully furnished with high-end appliances, is from the well-known brand BULTHAUP. Adjacent to the kitchen, a customizable space is provided, which can be used as a large pantry or a secondary kitchen, with direct access from outside. The delightful dining room, overlooking the artificial lake and garden, offers a perfect setting for memorable meals with family and friends. Additionally, the spacious living room, featuring double-height ceilings, is separated from the TV area by a sliding door, creating two distinct spaces. This area opens up to the garden and pool, where a covered chill-out area and an outdoor kitchen with a partially covered terrace provide a seamless blend of indoor and outdoor living. Finally, this floor also includes two bedrooms, each with en-suite bathrooms.

Upper Floor

On the upper floor, a cozy and picturesque retreat is offered by the master bedroom, which is highlighted by a custom-designed dressing room and a luxurious bathroom featuring a shower, a freestanding bathtub, and a double vanity. Additionally, two more beautifully designed bedrooms, crafted with exceptional skill and elegance, are included on this floor, along with a spacious terrace that allows the outdoors and the 320 days of sunshine in Sotogrande to be enjoyed.

master suite

master bathroom

Solarium and Basement

An extraordinary solarium is also featured in the villa, complete with a spectacular infinity pool that appears to merge with the horizon, a barbecue area, and a chill-out space where panoramic views of the Mediterranean Sea and the Sotogrande Port can be enjoyed.

This exclusive corner is regarded as the perfect spot to unwind and where the most unforgettable sunsets in southern Spain can be witnessed. The fully finished basement is equipped with a laundry room, a mechanical room, a bathroom, and several multipurpose rooms with natural light, which can be customized to suit the residents’ preferences and needs.

Outdoor Spaces

The villa’s exterior is equally remarkable, featuring a meticulously designed garden area, a barbecue space for hosting outdoor gatherings, and a saltwater infinity pool, ideal for cooling off during the hot summer months.

solarium

Quality and Technology

This luxurious villa is constructed with the finest materials and to the highest standards. It boasts large-format porcelain flooring, Uecko brand wardrobes, and top-quality Technal carpentry. The sanitary ware is Italian, from renowned brands Fantini and Duravit.

Furthermore, the villa is equipped with a home automation system featuring LUTRON equipment, a SONOS sound system, a security system, and an elevator. It also incorporates advanced technologies like aerothermal heating and underfloor heating, ensuring maximum comfort and efficiency.

Prime Location

Villa Batur is situated in a prime location on Paseo del Parque in Sotogrande Costa, one of the most prestigious areas stretching from the lush hills of Sotogrande to the Mediterranean Sea and the Rif Mountains of Morocco. Additionally, this property is distinguished by its close proximity to the renowned Real Club de Golf de Sotogrande, being just 150 meters away from holes 9 and 10 of the course. Furthermore, it is also near other famous golf courses in the area, such as Finca Cortesín and the Real Club de Valderrama. Consequently, this makes it ideal for golf enthusiasts who wish to enjoy their sport without having to travel far.

Nearby Attractions

The surroundings of this modern villa also include the exclusive Sotogrande Port, a hub for nautical activities with nearly 1,400 berths, where regattas and events are hosted by the Real Club Marítimo de Sotogrande and can be enjoyed. In addition, nearby, the Sotogrande Racket Center can be found, offering excellent facilities for racket sports, and the Trocadero Beach Club is an ideal place for relaxing by the pool or enjoying gourmet dining. Alternatively, for those seeking a more laid-back atmosphere, the Bunker Beach Club provides the perfect setting for cocktails to be savored and music to be enjoyed while the beauty of the sunset is admired.

The post VILLA BATUR. Impressive project of a contemporary-style villa in a prime location within the Kings and Queens area. appeared first on Holmes Property Sales.

When you think of moving to Spain, you might picture bustling cities like Madrid or Barcelona, or maybe you envision the vibrant coastlines of the Costa del Sol. However, nestled between the Mediterranean Sea and the foothills of the Sierra Almenara lies a hidden gem that offers an unparalleled blend of luxury, leisure, and lifestyle: Sotogrande. Often referred to as the Beverly Hills of Spain, this exclusive resort community offers an enchanting lifestyle that is both serene and sophisticated. Here’s a deep dive into why Sotogrande might just be the perfect place for you to call home. And we present you 9 reasons to choose Sotogrande.

1. Stunning Natural Beauty

Coastal Charm

Sotogrande boasts over 12 kilometers of coastline, featuring pristine beaches like Playa de Sotogrande and Playa de Torreguadiaro. Whether you’re a sunbather, a surfer, or someone who simply loves a seaside stroll, Sotogrande’s beaches offer something for everyone. The golden sands and crystal-clear waters provide a perfect backdrop for relaxation and recreation.

Scenic Views

The natural landscape surrounding Sotogrande is nothing short of breathtaking. Imagine waking up to panoramic views of the Mediterranean Sea, lush green hills, and the iconic Rock of Gibraltar in the distance. For those who appreciate the beauty of nature, the scenic vistas alone make living in Sotogrande a compelling choice.

Proximity to Nature Reserves

Nature enthusiasts will revel in the proximity to beautiful natural parks such as Parque Natural Los Alcornocales and Estuario del Río Guadiaro. These reserves offer hiking trails, bird-watching opportunities, and a chance to immerse yourself in the diverse flora and fauna of Andalusia. The Guadalquitón Natural Reserve, in particular, is a protected area that allows residents to enjoy the natural beauty and tranquility of its pristine environment.

Torreguadiaro bay with sandy beach near Sotogrande.

2. World-Class Golf Courses

Sunset at Real Club Valderrama

Golfing Paradise

For golf enthusiasts, Sotogrande is synonymous with paradise. With some of the best golf courses in Europe, including the world-renowned Real Club Valderrama, host of the 1997 Ryder Cup, Sotogrande offers a golfing experience that is unparalleled. The area is home to six top-tier courses, including La Reserva Club, San Roque Club, and Almenara Golf Club, each providing a unique and challenging experience for players of all levels.

Year-Round Playability

One of the most significant advantages of living in Sotogrande is the year-round golf-friendly climate. With over 300 days of sunshine annually, you can enjoy your favorite sport any time of the year, making it an ideal destination for golf aficionados.

3. Luxurious Living and Real Estate

Exclusive Villas and Apartments

Sotogrande is renowned for its luxurious real estate offerings, including sprawling villas, elegant townhouses, and stylish apartments. Many properties come with private pools, expansive gardens, and stunning views of the sea or golf courses. Whether you’re looking for a primary residence, a holiday home, or an investment property, Sotogrande offers a range of options to suit your taste and lifestyle.

Villa Los Girasoles

Architectural Elegance

The architecture in Sotogrande is a blend of traditional Andalusian style and modern design, creating a unique aesthetic that is both charming and sophisticated. This architectural diversity adds to the area’s appeal, offering a variety of styles and settings for prospective homeowners.

Exclusive Gated Communities

For those seeking privacy and security, Sotogrande is home to several gated communities that offer an exclusive lifestyle. These communities provide residents with peace of mind and a sense of belonging to a select group of like-minded individuals who appreciate the finer things in life.

4. Vibrant Social and Cultural Scene

Polo and Equestrian Excellence

Sotogrande is a hub for polo enthusiasts, hosting the prestigious Sotogrande International Polo Tournament every August. This event attracts polo players and spectators from around the world, adding to the area’s vibrant social calendar. Additionally, the Santa Maria Polo Club offers equestrian facilities for those interested in riding and horse-related activities.

A Hub of Social Activity

Living in Sotogrande offers access to a vibrant social scene that caters to a diverse international community. From upscale dining experiences at renowned restaurants to chic beach clubs like Trocadero Sotogrande and Chambao Beach, there’s always something happening. Social clubs, art exhibitions, and cultural events further enrich the community experience, ensuring that there’s always something exciting to do.

Cultural Proximity

While Sotogrande offers a peaceful retreat, it’s not isolated from cultural experiences. Nearby cities like Marbella and Gibraltar provide easy access to art galleries, theaters, and music festivals, ensuring that residents can enjoy a rich cultural life. The mix of Spanish, British, and international influences creates a unique cultural tapestry that adds depth to life in Sotogrande.

5. Sports and Outdoor Activities

A Sporting Haven

Beyond golf, Sotogrande offers a myriad of sporting activities, from tennis and paddle tennis at the exclusive Sotogrande Racquet Centre to water sports like sailing, windsurfing, and kitesurfing. The Sotogrande Marina is a focal point for water sports enthusiasts, offering sailing, yachting, and fishing opportunities.

Sailing in Sotogrande

Cycling and Hiking Trails

For those who love exploring the great outdoors, the area around Sotogrande is crisscrossed with cycling and hiking trails. Whether you’re a seasoned cyclist or a casual hiker, you’ll find routes that cater to all levels, offering a chance to explore the beautiful Andalusian countryside.

Tennis and Paddle Tennis

The Sotogrande Racquet Centre and El Octógono Tennis Club are  premier facilities  offering state-of-the-art tennis and paddle tennis courts. With professional coaching available, residents can enjoy these sports recreationally or competitively.

El Octogono Tennis Club

6. Excellent Education and Family-Friendly Environment

Quality International Schools

Sotogrande is home to several esteemed international schools, including the Sotogrande International School, which offers the International Baccalaureate program and is known for its high academic standards and diverse student body. This makes it an excellent choice for families seeking quality education for their children.

Family-Friendly Atmosphere

The community is designed with families in mind, offering a safe and nurturing environment for children to grow and thrive. With numerous parks, recreational facilities, and family-friendly events, Sotogrande provides a wholesome lifestyle for families of all sizes.

Sotogrande International School

Kid-Friendly Activities

Sotogrande caters to families with children, offering a plethora of activities and facilities designed to keep the younger ones entertained. From sailing lessons to horseback riding camps, there’s no shortage of ways for kids to have fun and make friends.

7. Convenient Location and Connectivity

Easy Access to Major Destinations

Sotogrande’s strategic location ensures easy access to major destinations in Spain and beyond. The nearby Gibraltar Airport and Málaga-Costa del Sol Airport connect residents to international destinations, while major highways link Sotogrande to Marbella, Málaga, and other parts of Andalusia.

Close Proximity to Gibraltar

Being close to Gibraltar offers residents unique advantages, including shopping, dining, and entertainment options that reflect a blend of British and Spanish cultures. The duty-free shopping in Gibraltar is particularly appealing, providing access to a range of products at competitive prices.

Gateway to Africa

Sotogrande’s location makes it a gateway to Africa, with ferry services to Morocco from nearby Algeciras and Tarifa. This proximity allows for easy exploration of North African culture and landscapes, offering a unique travel experience just a short trip away.

8. Culinary Delights

Gastronomic Excellence

Food lovers will find themselves at home in Sotogrande, where a variety of culinary experiences await. From traditional Andalusian tapas at El Octógono Beach Club to gourmet dining at restaurants like Ke and Gigi’s, Sotogrande’s dining scene is as diverse as it is delicious.

Fresh Seafood and Local Produce

Given its coastal location, Sotogrande offers an abundance of fresh seafood, with local fish markets and restaurants serving up the catch of the day. The area’s fertile land also provides fresh, locally-sourced produce, allowing chefs to create dishes bursting with flavor.

Wine and Olive Oil Tastings

Wine and olive oil tasting tours are popular activities in the region, with many local vineyards and olive groves offering guided tours and tastings. This is an excellent opportunity to experience the rich flavors of Andalusia and gain insight into the region’s culinary traditions.

9. Year-Round Mild Climate

Ideal Weather

Sotogrande enjoys a Mediterranean climate with mild winters and warm summers, making it a perfect place for those who appreciate sunshine and pleasant weather year-round. With temperatures rarely dropping below 10°C (50°F) in winter or exceeding 30°C (86°F) in summer, residents can enjoy outdoor activities without the discomfort of extreme weather.

Sun-Soaked Lifestyle

The abundant sunshine in Sotogrande encourages a sun-soaked lifestyle that promotes well-being and outdoor living. Whether lounging by the pool, enjoying a round of golf, or dining al fresco, the climate enhances the overall quality of life for its residents.

Outdoor Living

The pleasant climate encourages an outdoor lifestyle, whether lounging by the pool, enjoying an al fresco meal, or spending a day at the beach. The abundance of sunshine and mild temperatures contribute to a sense of well-being and contentment.

The post 9 Reasons to choose Sotogrande appeared first on Holmes Property Sales.

Villa Aqua, The 15, Sotogrande

A project situated in a truly distinctive and natural setting, offering a harmonious family lifestyle. Positioned within the esteemed Sotogrande community, renowned for its exclusivity, Sotogrande S.A. and ARK architects joined forces with a shared vision: crafting a masterpiece seamlessly integrated into its natural environment. The outcome of this partnership is AQUA, an exceptional dwelling that organically melds with its surroundings, nurturing a deep sense of serenity, seclusion, and safety for its residents.

Breathtaking sea views from Villa Aqua

AQUA is tailored to accommodate your family’s lifestyle, prioritizing comfort and the highest standards of living. Wake up to views across La Reserva Club, Sotogrande, the Mediterranean and towards Africa. The 15 is a private community in La Gran Reserva offering unique sites for your dream home. Each property is set on approximately half a hectare and includes options for our concierge lifestyle and property service, providing the perfect conditions to enjoy your leisure time.

Living area at Villa Aqua

Plot: 4.928 sqm.

Built Area: 2534 sqm

7 Bedrooms | 8 Bathrooms

Some features are:

Gym, Spa, Sauna, Cinema Room, Massage Room, Outdoor Swimming Pool, Indoor Swimming Pool, Wine Cellar, Home Office, Games Room, 10 parking spaces, Lift.

Contact us at Holmes Sotogrande for more information, our team is ready to assist you.

Tel. +956 795 340

Email: info@holmesotogrande.com

To find out more about villa Aqua on ourwebsite click here

Villa Aqua

The post Villa AQUA in Sotogrande: Dive into luxury and serenity. appeared first on Holmes Property Sales.

Discover Casa Quixote, a contemporary three-story residence in the heart of Sotogrande Alto, designed to offer luxurious living and ample leisure spaces, including a private tennis court. This stunning villa ensures privacy from the street while its southern rear facade captures sunlight from dawn till dusk, all year round.

Casa Quixote

A Grand Welcome

Enter through the towering arched entrance into a spacious foyer, featuring a breathtaking three-story atrium staircase that offers panoramic views of the beautifully landscaped gardens and sparkling pool area. This impressive staircase is the focal point of the home, seamlessly connecting all three levels.

Thoughtful Design and Layout

Entry Level:
– Bedrooms and Garage: Upon entry, you’ll find several bedrooms and a spacious garage, providing immediate convenience and comfort.

Lower Level:
– Living and Entertainment Spaces: Designed for both relaxation and entertaining, the lower level features expansive living and dining areas, a study, a games room, and guest quarters. Each room opens onto generous south-facing terraces and the swimming pool through large sliding glass doors, blending indoor and outdoor living seamlessly.
– Poolhouse and Kitchen: A sizable poolhouse adjacent to the kitchen makes outdoor entertaining a breeze.

Upper Level:
– Master Suite and Roof Terrace: The top level is dedicated to the luxurious master suite, complete with a dressing area, ensuite bathroom, and a south-facing terrace. Across from the staircase, a grand roof terrace offers breathtaking views of the landscaped gardens, tennis court, and beyond.

Outdoor Oasis

The meticulously landscaped gardens span two levels, with the lower section featuring a private tennis court. The garden level rooms open onto expansive terraces, creating an ideal space for outdoor gatherings and relaxation.

Modern Amenities and Energy Efficiency

Casa Quixote is finished to the highest specifications with a focus on energy efficiency. The large pool can be heated entirely by solar energy. The villa also boasts a modern domotic control system, hot and cold A/C, underfloor heating, and a lift for four people, providing direct access to the roof chill-out area.

Architectural Excellence

Externally, Casa Quixote showcases a modernist aesthetic, with the main entry hall and master bedroom section adorned in a contrasting hue. The predominantly glazed southern facade allows natural light to flood the residence, blurring the lines between indoor and outdoor spaces.

Experience Casa Quixote  | Watch our Youtube Video of this unique property

Casa Quixote presents an exceptional opportunity for family living in a mature residential enclave, distinguished by its architectural prowess. Embrace luxury and contemporary design in this stunning Sotogrande Alto residence.

The post Casa Quixote. Discover this beautiful villa under construction in a prestigious area of Sotogrande Alto. appeared first on Holmes Property Sales.

Luxurious villa in Sotogrande costa

It is situated in the the prestigious Kings and Queens neighborhood of Sotogrande, this residence offers more than just a place to live—it embodies a way of life. Renowned for its peaceful surroundings, opulent facilities, and convenient access to premier schools, golf courses, and marinas, Sotogrande presents an ideal setting for those in pursuit of a sophisticated and serene lifestyle.

Why Invest in This Modern Villa in Sotogrande?

Picture yourself living in a home where every detail is carefully crafted for ultimate comfort and sophistication. This five-bedroom, five-bathroom villa includes a variety of features that make it a standout property in Sotogrande:

• Spacious Living Areas: This villa provides ample room for luxurious living with a plot size of 2,032 m² and a built area of 941 m². The interior covers 897 m², and there’s a 44 m² terrace ideal for outdoor relaxation.
• Energy Efficiency: It has been built with reinforced concrete structures and floors, the villa offers superior thermal and acoustic insulation. It includes an efficient air conditioning system powered by the Hisense VRF system and an air ventilation system with heat recovery, contributing to its A+++ energy rating.

• Underfloor Heating: Experience the comfort of a low voltage underfloor heating system, providing warmth during the cooler months without sacrificing energy efficiency.
• High-Quality Finishes: The interior features high-quality porcelain stoneware tiles, while the terraces are adorned with non-slip porcelain flooring. The roofs are meticulously built with waterproofing sheets, geotextile, thermal insulation, and durable finishes.
• State-of-the-Art Kitchen: Designed by Modulnova, the kitchen is equipped with premium Gaggenau appliances, combining modern elegance with practical functionality.
• Infinity Pool: Outdoors, a 14×6m infinity pool with LED lighting offers an ideal space for relaxation and entertainment. The pool also has pre-installation for heating, allowing for year-round use.

• Advanced Features: The villa is also equipped with a Schindler lift servicing four levels, a solar panel system with pre-installation for batteries and charging points. Besides, the villa has also been equipped with a basic home automation system that can be expanded.
• Flexible Basement Space: The basement is highly versatile, with connections for electricity, water, and sanitation. This area can be transformed into additional bedrooms, a gym, a cinema room, a playroom, or a wine cellar, offering endless customization options to fit personal preferences.
• Furthermore, it includes: Private pool. Private Garage. Gym. Underfloor heating. Domotic central heating system among others.
  

For more information or to schedule a viewing, visit the Holmes Sotogrande website and discover the future of luxury living in Sotogrande.

Holmesotogrande

+34 956 795340

 

The post Discovering the Ultimate Luxury Villa in the Kings and Queens area, Sotogrande. appeared first on Holmes Property Sales.

LOCAL TAXES

There are two local property taxes which are both based on the property’s rateable value, the “Valor Catastral”.  This value is set by the local Town hall, and is adjusted in line with inflation. The rates of tax will vary from region to region due to the varying rates of tax imposed by the regional and local governments.

Local property tax (Impuesto Sobre Bienes Inmuebles (IBI))

This is the main local property tax affecting owners of properties in Spain payable yearly to the town hall. The amount of the tax is calculated by reference to the valor catastral (official value of the property) registered in respect of all properties in Spain. The percentage charged varies from area to area, and is roughly 0.5% to 1%.

Local mains drainage and waste collection tax (alcantarillado y basura)

This local tax payable by the property owner and is related to rubbish collection and drainage. The amount to pay varies from area to area, and should be paid to the local town hall every 3 or 6 months. This tax should be between €200 and €250 per year. In addition, if your Spanish property has a garage entry you are obliged to pay €18 per year.

PERSONAL TAXES

As a non-resident property owner in Spain, you may be liable for income tax, value added tax, wealth tax, capital gains tax and inheritance tax. Individual situations vary considerably and it is best to seek specialist advice from a tax consultant who has knowledge of the Spanish tax system.

Personal Income Tax (“Impuesto a la renta de las personas físicas”) each taxable situation may vary then we suggest you to get advice from an expert but we may mention some guidance in this point. Includes two concepts that are based on the cadastral value (“valor catastral”) which is the official value for taxes purposes. The rate varies in some autonomous community within Spain.

If the property you have bought is your permanent residence, there is an exemption. However, if it is your second residence and it is not rented to a third person, Spanish Tax authority will assume you are receiving an imputed income, which is about 2% of the cadastral value. Additionally, if you are non-resident tax-payer, you are obliged to pay a tax rate between 19% or 24% depending the type, amount of income as well as the country you are tax resident.

https://sede.agenciatributaria.gob.es/Sede/ayuda/manuales-videos-folletos/manuales-practicos/manual-tributacion-no-residentes/tributacion-rentas-comunes-obten-espana-nr/rentas-imputadas-bienes-inmuebles-urbanos.html

https://sede.agenciatributaria.gob.es/Sede/vivienda-otros-inmuebles/tributacion-arrendador-viviendas-otros-inmuebles/tributacion-alquiler-apartamentos-turisticos/impuesto-sobre-renta-no-residentes.html

Capital Gains Tax.- The current level of capital gains tax is set at 19% to 26% for Spanish residents, except to those over the age of 65 that are exempted and those who are selling their permanent address that are exempted while reinvesting in another property for this purpose.

The tax rate is 19% to apply to the Benefit Value for both Spanish Tax Residents and Non-Residents. In the case of non-residents, the purchaser is obliged by law to retain 3% of the sales price and pay it directly to the tax authority (Tesoro Público) as credit for the pending tax. In the case that the 3% is greater than the actual capital gains tax payable, the vendor can reclaim this amount.

https://sede.agenciatributaria.gob.es/Sede/ayuda/manuales-videos-folletos/manuales-practicos/manual-tributacion-no-residentes/tributacion-rentas-comunes-obten-espana-nr/ganancias-patrimoniales/ganancias-patrimoniales-derivadas-venta-inmuebles.html

Wealth Tax- (“Impuesto al patrimonio”)- This national tax is applicable differently depending on the autonomous community you are resident. In Andalucia, the minimum exempted is 2.000.000,00€ of the net wealth value for Year 2022. However, it has been approved to abolish the tax from 2023.

https://sede.agenciatributaria.gob.es/Sede/declaraciones-informativas-otros-impuestos-tasas/impuesto-sobre-patrimonio.html

https://www.juntadeandalucia.es/organismos/haciendayfinanciacioneuropea/areas/tributos-juego/tributos/paginas/impuestos-cedidos-patrimonio.html

Plusvalia

Plusvalia is a tax levied by the local Town Hall based on the particular area where the property is located, on the surface area of the land, on the Catastral value and on the date of the previous title deed. This tax is essentially a tax on the increase in value of the land may range from a few approximately £12 to tens of thousands, on larger properties owned for many years. By law the vendor (seller) is obliged to pay this tax but it is common practise for the parties to negotiate on who is to assume this liability.

https://cpd.sanroque.es/ap/sites_ayto/inicio/app/calculo_plusvalia.php

Inheritance Taxation.- Expats resident in Spain and paying tax are liable to pay Spanish Inheritance tax regardless of the country in which the inheritance is situated. Non-residents are liable to pay Inheritance Tax in Spain only on assets which are physically located in Spain. In Andalucia, is currently subsidised by 99% for spouse and direct relatives.

https://www.juntadeandalucia.es/organismos/economiahaciendayfondoseuropeos/areas/tributos-juego/tributos/paginas/impuestos-cedidos-sucesiones.html

Again, this is a very basic but uncomplicated guide to Inheritance Tax. For a more in-depth guide, you will need to investigate the subject further and get professional financial advice.

There are ways to avoid and minimize Wealth Tax and Inheritance Tax

• Buy jointly with spouse and children and or future inheritors, to spread the wealth.
• Take out a mortgage loan on the property to reduce the Net wealth and liability.
• Buying or owning through a Spanish limited Company
• Buying or owning through an EU company
• Buying or owning through a UK limited company
• Sell the property to future inheritors either fully or partly.
• Organising life insurance ensuring adequate funds to cover the Inheritance Tax bill.

For a more in-depth guide, you will need to investigate the subject further and get professional financial advice.

Holmes Property Sales S.L. does not take responsibility for the accuracy of the information contained in this post, it may be out of date, incorrect or may not be applicable to your personal situation. It is meant to be used only as a guide. If you would like full detailed advise applicable to your own personal situation we recommend you speak to a professional legal and fiscal adviser.

The post Spanish Taxes appeared first on Holmes Property Sales.

Once you have decided to buy a Property, it is essential to decide a maximum budget before beginning to view properties in order to provide vital information to the agent, so that he may focus on properties available that are within your means. With this knowledge of market values, when the time comes to negotiate the purchase, you will feel assured that the appropriate price for the property is being paid

Choose a reliable agent

Remember, a good agent is there to help you find the right property and Holmes Property Sales, S.L. has worked in Sotogrande since 1979. It is the longest established real estate agency of the area and has always focused its attention exclusively in Sotogrande and we too are recognized by our peers as the experts and professionals to rely on when it comes to finding property in Sotogrande.

Our career path and experience will help the buyer to avail of the agent’s valuable know-how of the area. Our larger inventory of properties will offer the buyer a wider choice to enable him to find the right property and at the right price. As well as being unbiased and making use of his wide inventory, a reputable agent’s goal will be to direct you to the property you need.

In the end, the buyer should feel relieved to know that with the knowledge the agent has provided him, he will have bought the property that best suits his needs at the best price.

Choose a lawyer:

Unless you already have been recommended to a reliable lawyer, only heed the advice from someone who is independent. A developer or an agent is not necessarily the best person to make a recommendation, unless they provide you with a selection of lawyers to choose from. The lawyer you choose must speak your language and make you feel comfortable and will ultimately ensure your buying process is safe.

Should you be considering a re-sale property, we strongly advise that you pay for an independent house buyer’s survey report from a qualified surveyor, structural engineer or architect.

Cost of purchase

Apart from the price of the property payable to the seller, you will find other costs to take into consideration, that your lawyer will explain and we mention as follows as a guidance:

a) Transfer tax(“Impuesto de Transmisiones Patrimoniales y Actos Jurídicos Documentados” I.T.P.) payable to Junta de Andalucía.

By law, this tax is payable by the buyer based on the purchase of the property. The tax is calculated on the higher amount of the following:

– the purchase price, the  “Fiscal value” of the property,

– (the rate-able value multiplied by a multiple set by the Town Hall)

– or the “Bank Valuation” of the property

By purchasing with a mortgage and the valuation is included in the mortgage deed, it is therefore important to check what value the I.T.P is likely to be calculated on before committing to a purchase.

The rates (*) are:

https://www.juntadeandalucia.es/organismos/haciendayfinanciacioneuropea/areas/tributos-juego/tributos/paginas/impuestos-cedidos-transmisiones.html

(*) However, the Decree Law 7/2021and 5/2022, Andalucía approved a reduction on this Transfer Tax from April 27th 2021 to December 31st 2022:

(*.1) Transfer Tax (“ITP”) unique of 7% for all Property Transfers.

(*.2) Stamp Duty (“AJD”) of 1,2% for all deeds that is usually 1,5%.

 https://www.juntadeandalucia.es/organismos/haciendayfinanciacioneuropea/servicios/actualidad/noticias/detalle/275518.html

b) VAT (“I.V.A”)- it is applied to the sales price of properties owned and being sold by developers instead of I.T.P. Usually when this is the first time the property in its current state is being sold. I.V.A on constructed properties is 10% of the purchase price plus 1.5% Stamp duty or AJD (reduced to 1,2% from April 27th 2021 to December 31st 2021 according to Decree-Lay 7/2021 in Andalucía). Check that the entity that is selling the property can apply I.V.A to the sale before you pay the I.V.A, if they are not entitled to charge I.V.A on the transaction you could still also be liable for the I.T.P.

For plots of land, commercial premises or commercial garage spaces owned by a developer, promoter or juridical entity, the tax to be paid is V.A.T. (21%), plus Stamp Duty of (1.5% reduced to 1,2% from April 27th 2021 to December 31st 2022 according to Decree-Laws 7/2021 and 5/2022 in Andalucía).

c) Notary Fees –By law, the first copy of the title deed is payable by vendor. The cost (no more than 0.5%) increases according to the number of pages and complexity of the title deed and the value of the property.

d) Registry Fees –By law, this is payable by the buyer. These are calculated on the same basis as the notary fees explained above and are at most 0.5%.

e) Lawyer’s Fees –Lawyer’s fees are in the order of 1% of the selling price, more or less, depending on the lawyer and the price of the property.

f) Mortgage Costs- If you plan to purchase with a mortgage you need to consider that there are additional cost involved.

– Valuation to get the economic value of the Property. The purchaser may hire an independent (with official recognition of the Banco de España) and submit it to different mortgage loans offers. This cost is depending of the size of the property and about 300 and 500 euros. However, some Banks take over this cost. The valuation is a guide to determine the mortgage amount, which is about 80% of it.

– Loan Formalization Fee that includes formalization and mortgage study and is about 0,5 and 1 % for the mortgage amount.

– Copies of Notary Deeds (if requested)- is a very low cost and depends on the number of Deed´s pages.

– Extract information from Title Deed (“Nota Simple”) that is about 9 euros.

– Property Insurance Coverage that is compulsory when getting a new Mortgage.

All the other costs involved in formalizing a Mortgage are assumed by the Bank like: Notary Fees, Registry Fees, Administrative Management services and Stamp Duty (“Impuesto de Actos Jurídicos Documentados”) involved.

g) Municipal Added Value Tax (Plusvalía Municipal) –This tax can be as little as a few hundred Euros or as much as many thousands of Euros, depending how large the land is and for how many years it has been owned. By law, payment of this tax corresponds to the vendor, but sometimes the vendor tries to have the buyer pay for it. Before accepting it, check with your lawyer to see what the amount is to be paid.

Summary – The total costs of purchase involved normally amount to a total of 9-10% if the vendor is an individual, and 12.5% if it is a developer entity. To this cost, you need to add the 1% lawyer’s fees. If you are buying with a Mortgage, you will also need to add the Mortgage costs.

PROPERTY TAXES PAYABLE IN SPAIN

Once you have bought a property in Andalucía Spain, you have to pay some taxes:

Town Council Taxes includes two concepts that are based on the cadastral value (“valor catastral”) which is the official value for taxes purposes. The rate varies in some autonomous community within Spain.

• 1) Real Estate Tax (“Impuesto sobre Bienes Inmuebles” IBI)- the main local tax and yearly payable about september and october each year and the rate would be between 0,5%-1,00%.
• 2) Rubbish and Sewage System (“Tasas de Basura y Alcantarillado”)- it is quarterly payable on quarterly due and the amount is about 200€-250€ by year.

 Personal Income Tax (“Impuesto a la Renta de las Personas Físicas”)  each taxable situation may varies then we suggest you to get advise from an expert but we may mention some guidance in this point. includes two concepts that are based on the cadastral value (“valor catastral”) which is the official value for taxes purposes. The rate varies in some autonomous community within Spain.

If the property you have bought is your permanent residence, there is an exemption. However, if it is your second residence and it is not rented to a third person, Spanish Tax authority will assumed you are receiving an imputed income, which is about 2% of the cadastral value. Additionally, if you are non-resident tax-payer, you are obliged to pay a tax rate between 19% or 24% depending the type, amount of income as well as the country you are tax resident.

Wealth Tax- (“Impuesto al Patrimonio”)- This national tax is applicable differently depending on the autonomous community you are resident. In Andalucia, the minimum exempted is 2.000.000,00€ of the net wealth value (total assets deducting the value of permanent residence, less total liabilities):

https://sede.agenciatributaria.gob.es/Sede/declaraciones-informativas-otros-impuestos-tasas/impuesto-sobre-patrimonio.html

https://www.juntadeandalucia.es/organismos/haciendayfinanciacioneuropea/areas/tributos-juego/tributos/paginas/impuestos-cedidos-patrimonio.html

Inherintance Tax– as your lawyer or tax advisor.

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PIER2

The development of new two and three-bedroom apartments within the marina of Sotogrande is ideal for those who love this evocative part of Sotogrande. The Pier apartments offer the opportunity to own a modern state-of-the-art property close to a great deal of amenities.

The nautical style residential complex blends into the wonderful scenery of la Marina, next to the yacht club. Enjoy your new home in a unique setting in one of the most prestigious residential areas in southern Spain.

Pier 2 Youtube Video

LA FINCA

This privileged community nestled upon a green hillside overlooking Sotogrande and the sea from the edge of the La Cañada Golf Course. They represent modern style at its finest, with bright open-plan living and panoramic views, the latest technological comforts and home automation systems.

La Finca Phase 1 has a total of 41 homes and it has just been completed and ready to move in! It delivers its residents unparalleled natural beauty and all of the amenities needed to enjoy a sophisticated lifestyle.

SENDA CHICA

Senda Chica is an inspiring project of luxury modern apartments set in 50,000m2 of cork groves within La Reserva de Sotogrande. These tastefully styled homes enjoy the country club environment of La Reserva and consist of 14 blocks of seven units and one block of four units. A series of different designs and layouts is available within this modern park complex.

Senda Chica Youtube Video

All properties are approximately 200 m2 built plus ample terraces, distributed beautifully with spacious and bright rooms, large living rooms and kitchens as well as two underground parking spaces. Besides, communal facilities include an outdoor swimming pool as well as 2 paddle courts, walkways through the adjacent forest and a guardhouse with security facilities.

Contact us now for more information about these exciting new developments for sale in Sotogrande.

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