SUMMARY OF THE ARTICLE 1.- The origin: Royal Decree 1312/2024. In December 2024, the Government approved Royal Decree 1312/2024, which required any owner wishing to advertise a short-term rental property on platforms such as Airbnb, Booking, or similar services to first obtain a Rental Registry Number (NRA) from the Land Registry. Without this number, the […]
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 […]
