Legal Considerations <<BACK

As the property is located in Spain, most of the legal conflicts would be dealt with according to Spanish and English Law. Most of the contracts will state that Spanish Law would govern the transaction and establish that any claim must be brought to the Spanish Court where the property is located.

In respect of legal, financial or tax implications, the UK purchaser should be familiar with the different requirements involved in the conveyance and should proceed with the same care as when purchasing property in the UK. If this is not the case, it is strongly recommended to seek professional advice in the following areas.

Financial advice regarding financing the acquisition

Legal advice to make sure that legal and planning enquiries are conducted and a proper private contract is negotiated. Tax advice to find out the most tax efficient way to acquire the property, considering the tax position in the UK and Spain for all the different taxes involved, including Capital and Inheritance tax potential liabilities.