Are you thinking of selling your home? What should I know before selling my home?

Many nuances must be taken into account when selling your home, whether it is our habitual residence or a second or third residence.

When we start this process many doubts arise and we must be sure of the answers so as not to fall into common mistakes that at the end of the process translate into a higher payment of expenses and taxes.

From Drisar Asesores we offer a asesoramiento personalized in addition to personal and real attention throughout the process, notary assistance, delivery of physical and electronic documentation, unlimited consultations and much more.

What must be taken into account when selling a property?

Every owner must present the Sell ​​script of the dwelling and the data of the property registry.

You must also be up to date the receipts of Tax on Real Estate (IBI), the community fees and provide the state of the charges in the event that it had them, among others.

Who pays the notary fees in a sale?

The expenses of granting deeds will be borne by the seller, and those of the first copy and others after the sale will be borne by the seller. buyer, unless otherwise agreed.

What taxes do I have to pay when I sell a home?

If you are the seller, you will be obliged to pay the Tax on the Increase in Value of Urban Land, as it is officially called (better known as Capital gain).

This tax is levied on profits obtained from the sale, or reception in the form of an inheritance or donation, of a property based on the revaluation of the land on which it sits.

(Beware! But if you are the buyer, the taxes you must assume are different, we leave you more info in the next post.)

Who is exempt from paying the municipal capital gains?

All people who sell their homes must pay this tax, although there are a number of exceptions in which the municipal capital gains tax should not be paid, among them we leave you some of the most common:

• When the surplus value that we must pay for the property is greater than the benefit obtained from the sale of the property.
• When they are contributions of assets and rights made by the spouses to their marital partnership.
• When there is retention of the usufruct due to the death of the usufructuary or expiration of the term for which it was established.

• If the increase in value is experienced by land considered rustic, according to the consideration of the Real Estate Tax.
• When there are merger or spin-off operations of companies and non-monetary contributions of branches of activity to which the established tax regime is applicable, with the exceptions provided for in the regulations.

• When they are transfers of real estate that are in the areas defined as historical-artistic heritage or that are declared of cultural interest.
• When they are transmissions made in cases of mortgage debt, as a donation in payment of the habitual residence, when the cancellation of debts guaranteed with a mortgage falls on itself, contracted with entities that grant mortgage loans or credits. In these cases, to grant the exemption It will be necessary that the debtor does not have other assets or rights that allow him to face the payment of the debt in its entirety.

In addition, there are a number of institutions and organizations that are exempt from this payment: the Spanish State and its autonomous bodies, the Autonomous Communities, the Provincial Council and the Municipality, entities managing Social Security, charitable institutions, persons covered by international agreements and the Spanish Red Cross.

Do you have more questions or do you have more doubts, do not hesitate and contact us We will give you all the guidelines to follow.

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