20 YEAR SAFE PURCHASE
GUARANTEE at no cost to you. All our
properties are covered by this Title-
Guarantee, which provides cover for
costs, solicitor’s fees and expenses in
defending title relating to the covered
risk, up to the purchase price stated in
your Escritura, limited to 360.000 EUR.
We, as an accredited Estate Agent with
the exclusive “Safe Purchase Brand” are
giving you this Quality Brand Guarantee.
The premium for this insurance is paid
by our company and the policy is issued in the buyer’s name. EstateCanaria

Real Estate Agency on Gran Canaria

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Purchasing a property through a Spanish SL company.

Buying property in a company name is possible in Spain. There are two ways this can be managed one is via a resident SL company and the other is as a non resident company.

Buying in a resident Spanish SL:

It is possible to purchase a property in a Spanish Limited company. Generally the company is a new company set up purely to hold the asset. If the property is to be used to generate an income from regular rentals and is held in a company structure rather than personally it can be easier to ensure the offsetting of running costs against income are accepted by the tax authorities and to get a rebate on IVA where applicable. If a property is bought in company structure the tax authority in Spain will however assume it is being run as a business and income is being generated and assumed income liable for tax will be applicable whether an income is generated or not.

Buying in a non resident company:

Purchase of Spanish property can be made via a non resident company. This can be an existing company owned by the individual and can be a trading company or a new company set up to hold the asset. The non resident company can either hold the property directly or put in between a Spanish SL whose shares are in turn owned by a non resident company.

(Advice from a Spanish lawyer/solitors should be taken to check the most appropriate ownership structure for the Spanish purchase based on the buyers circumstances.)

   
   
   

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