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We want to buy a second home between three siblings. We are in the process of applying for a mortgage that would have only one owner. Can it be done? Source: El Confidencial We want to buy a second home between three siblings. We are in the process of...
Taxes are levied on the increase in the heir’s wealth, and they differ depending on each situation.Source: elEconomista.es The death of a family member or a very close relative is, for obvious reasons, a traumatic moment that is also filled with paperwork that we must handle when we might...
Inheritance or Donation of a House: Which is Better? Source: lainformacion.com Real estate is one of the most commonly inherited assets. Purchasing a home represents an investment that, if no complications arise, will benefit not only the buyer but also their descendants. In many cases, buying a house means...
Before receiving an inheritance, it is necessary to accept it and settle the corresponding taxes.Author: Lidia OrellanaSource: tododisca.com When someone dies, the process of distributing their inheritance is more complex than it seems. It is not automatic. That is, the person does not pass away, and the assets are...
Inheritance only requires settling the inheritance and donations tax.Author: Laura MoroSource: 65YMAS.COM Donating assets during one’s lifetime is an alternative to bequeathing them through inheritance. The Spanish Civil Code defines it as “an act of generosity whereby a person freely transfers ownership of an asset to another, who accepts...
In this scenario, the debt is evenly divided among the heirs. The bank cannot renegotiate the terms unless the partition is changed, but if the heirs alter the distribution, the bank will be able to change the terms. Author: Iago EguiletaSource: El Economista When a person who has not...
Both markets evolve differently across various districts, but the city average remains stable or rising, making it difficult for many citizens to access housing. Author: E.C.Source: El Confidencial My siblings and I have inherited a property with a long-term tenant, an elderly mother, and we cannot get in touch...
Minimum base for calculating the payment of taxes associated with the purchase of residential or undeveloped rustic properties has changed Author: E. Sanz Source: El Confidencial If you’re buying a house, remember these three words: reference value. Since January 2022, the tax authorities, through the General Directorate of Cadastre,...
Full ownership of a property is divided into usufruct and bare ownership, and you can sell the bare ownership of the property while retaining the usufruct. Author: Mónica G. Moreno Source: El Economista Full ownership of a property is divided into two concepts: usufruct, which grants the right to...
Source: Idealista The refinancing difficulties of an office building in London’s City or the tense sale of the Commerzbank Tower in Frankfurt—two of Europe’s most powerful markets—are clear examples of the current turmoil in the real estate sector, marked by increased credit difficulties due to rapidly rising interest rates....