Solicitor asking for part payment in cash

Hi Johnzx

My nom de plume is SMUGFK not just SMUG! Read into it what you will. I much prefer SMUGFK sound more appropriate to my personality.

26 years fulltime resident in Spain, 3 kids born and brought up here, one doing Masters in Architecture at Oxford, One finished BA hons from Plymouth univerisity last June and the youngest Seamen Specialist in Royal Navy. I have bought, sold and developed more properties here than I care to remember.

Over the 26 years I have seen the good and the bad on both the Costa del Sol and the Costa Blanca, just because someone says that's the way it is does not excuse the fact that propbably more than one law is being broken.

I speak fluent spanish and have many Spanish friends and a acquaintances. Spain and the spanish people have been very good to me and my family and we regards Spain as our home.

I wonder if your incescent postings on almost every topic belie a certain need for attention. 

Kindest regards SMUGFK

Hi Johnzx

My nom de plume is SMUGFK not just SMUG! Read into it what you will. I much prefer SMUGFK sound more appropriate to my personality.

26 years fulltime resident in Spain, 3 kids born and brought up here, one doing Masters in Architecture at Oxford, One finished BA hons from Plymouth univerisity last June and the youngest Seamen Specialist in Royal Navy. I have bought, sold and developed more properties here than I care to remember.

Over the 26 years I have seen the good and the bad on both the Costa del Sol and the Costa Blanca, just because someone says that's the way it is does not excuse the fact that propbably more than one law is being broken.

I speak fluent spanish and have many Spanish friends and a acquaintances. Spain and the spanish people have been very good to me and my family and we regards Spain as our home.

I wonder if your incescent postings on almost every topic belie a certain need for attention. 

Kindest regards SMUGFK

                    thanks for airing your feelings and your apparent need to display your linguistic skills and experiences over your 26 years. Maybe had you arrived here 14 years before you did you may, like me,  have a broader view.

As a novice seller in Spain

several have said about the price declared on the escritura-does a new one have to be prepared with the current selling price, as ours obviously has the original price we bought it at

We are tax residents so how do we ensure 3% isn't retained? (I know about the tax certificate) obviously the buyer will have to know this before getting the bank draft.

So in an ideal situation the buyer will arrive at the notary with the bank draft, minus the agent's commission.?

When does the seller pay the plus valia?

Sure you'll advise me on this, Georgia!

If there has been a Capital Gain, that must be paid  for that year's tax. That is in May/June the following year.

Note.   A resident, who is 65 or over, who has lived in a property as their main home, is exempt from capital gains tax.
 

'Note. A resident, who is 65 or over, who has lived in a property as their main home, is exempt from capital gains tax.'
 

Is there a  minimum time it has to have been the main home before exemption from CGT for over 65's? Thanks.

Opps sorry I missed a bit between typing in Word to pasting.

It should have read

A resident, who is 65 or over, who has lived in a property as their main home for THREE YEARS , is exempt from capital gains tax.'

 bogey, are you sure spain is for you?

 I own property in Moldova...so I'm sure Spain will work out just fine!

It pays to ask questions, every country has differing attitudes towards these matters. That's evident just by reading this thread.