Nicolás Melchior

Contractual Breach in Real Estate Sales in Spain

Contractual breach in real estate sales in Spain can occur during the pre-contractual phase due to non-compliance with the conditions and circumstances of the property or due to the delivery of a property that does not conform to the agreed terms.

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The deposit contract in real estate transactions in Spain

A valid deposit contract for both parties must include, amongst other items: the conditions of sale (namely, price, means and conditions of payment, conditions of the property – physical, registry and administrative), and distribution of the expenses and financial obligations derived from the transaction.

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Important changes to the Capital Gains Tax in Spain

The Royal Decree-Law 26/2021 incorporates new rules to address the treatment of the Capital Gains Tax in Spain (IIVTNU). Article 104.5 of the Law Regulating Local Tax Office, which includes a new condition to not being subject to the tax, and Article 107 (which establishes two new calculation methods for the tax base of the Capital Gains Tax, in the case of capital gain) stand out.

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