SUMMARY OF THE ARTICLE 1.- Reduction in Transfer tax and Stamp Duty Tax. Property purchases. From 1 June 2026, in the Valencian Community, the Tax on Onerous Property Transfers reduces from 10% to 9%. This represents considerable savings for anyone purchasing a property. For a property valued at €240,000, savings amount to €2,400. 2.- New […]
SUMMARY OF THE ARTICLE 1.- What is revocation of gift for breach of charges. Article 647 of the Spanish Civil Code allows revocation (cancellation) of a gift when the recipient fails to comply with the conditions or charges imposed at the time of donation. Charges are obligations the donor established in the gift deed. Maintaining […]
SUMMARY OF THE ARTICLE 1.- Tourist Lettings versus Seasonal Lettings. Tourist lettings in Valencia are capped at a maximum of 10 consecutive days. Seasonal lettings are arranged for a specific temporary purpose (work, studies, holidays). Each is regulated by different rules and has completely different requirements. Confusing the two is at the root of most […]
