28 Apr 2007 12:00 AM:

This problem is really one for the lawyers, I think.

We are purchasing off-plan in Phase 3 of a development with 700 apartments. At time of purchase in Nov '05 we were told that 5 pools would be built,  with the 5th pool at the rear of our block.  I have recently discovered on this website that the 5th pool will not now be built, due to insufficient space. If a Building License is granted, does a Developer have the right to make a fundamental change like this without even informing the purchasers who will be affected?

I wonder what our rights are under Spanish Consumer Legislation, or do we have any rights at all? Do we have the right not to complete, with a refund of all monies paid to date? Failing that, are we perhaps entitled to a reduction of the purchase price? Surely the Developers cannot mis-sell property like this and just get away with it?

Any advice re this matter would be very much appreciated.

Great website, an absolute treasure-trove of information for novices like me.

Regards, and thanks

MCK

Thread: Duquesa

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11 Nov 2006 4:04 PM:

Has anybody had any experience of short-term rentals with MacAnthony Realty?When we purchased through them off -plan they assured us that they could get us 20 weeks minimum of rentals on the western CDS. Have they achieved this level of rental in anyone else's case, anywhere?  Is it worth taking out membership of their lifetime aftersales club, and at what stage should this be done? If they cannot deliver the level of rentals promised, would it still be worthwhile. So, any I would appreciate it if anybody could give me some info re. this matter.

Thanks,

MCK

Thread: Holiday lets

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04 Nov 2006 10:11 AM:

Smiley-thanks for the information re tax on perceived rental income. Regards.
Thread: This is a taxing subject

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03 Nov 2006 12:52 PM:

In yesterday's property pages of a reputable Irish newspaper there was an article entitled "Cop-on to the risks of buying abroad". The writer referred specifically to Spain, where he stated that you pay tax on an assumed rental income whether your property is rented or not. Is this correct? If so, how is this "assumed" income calculated? Has anyone experienced receiving a tax bill for rental income that did not exist?

Any information regarding this matter would be appreciated. We have recently purchased off-plan, and being taxed on phantom income certainly was not referred to by the selling agent or the developer.

 

Thread: This is a taxing subject

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