MAKING A WORLD OF DIFFERENCE - SINCE 1982
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The Community of Owners and other CostsUpon signing deeds you then become responsible for running costs of the property. If there is a Community of Owners (detached villas are not usually part of a Community) you may pay from your Spanish bank account by direct debit. You may also pay for electricity and water in the same way, if they are metered individually. Rates You also have to pay annual rates, which are much less than the equivalent costs in the UK. We arrange all this for you as part of our free service. The Community The Community is a democratic, non-profit making committee of owners, which is mandatory under Spanish law to administer all apartment complexes. They determine an annual budget for maintaining gardens, pools, receptions, etc. which is shared proportionally (per m2) between all the owners. The Community fee includes insurance of the buildings, so you only need to insure your contents. We can arrange this from around £50 p.a. (Lloyds of London) if you wish. You
will be invited to attend the A.G.M. to vote on the proposed budgets and other
business such as amendments to rules and regulations. You may put yourself
forward as a committee member, or even president, if you wish.
Accountancy
Non-residents
pay a small annual wealth tax on Spanish assets. If you wish to use the services
of our in-house professionals we will give you all the relevant information.
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It's Your Move! |
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