Homerun Brokers - Your Complete Marbella Guide 005 - Magazine - Page 96
B U Y I N G
&
T A X
G U I D E
Buying a property
in Marbella as a
foreigner, including
the taxes involved
When buying a property in Marbella as a foreigner,
there’s a few important details you need to keep in
mind. Our team at Homerun Brokers has prepared a
list to help you through the initial stages of making a
purchase.
OBTA INING A N I E N U M B E R
This is an all-purpose personal identification number which
is also your assigned tax code as a foreigner with activity
in Spain. It is the first thing you’ll need to quote for official
dealings with the Spanish authorities such as: property
purchase, tax payments, opening a business in Spain or
social security activity. Your lawyer will assist you in getting
the NIE number needed to complete the property purchase,
which is why we always recommend setting up a Power of
Attorney with them so they can get this and sign all other
documents for the property purchase on your behalf where
needed.
HOW Y OU BUY A P R OP E RTY
The two most obvious choices are either making an
investment purchase or a private purchase. Both formats
have slightly different purchasing procedures and the tax
rules are applied differently. At Homerun Brokers we often
say that if you’re buying as an investor you must lead with
your head but if you’re buying a private residence you must
lead with your heart.
LEGA L A DVICE
Independent legal advice is easily obtainable through
lawyers we can put you in contact with. Lawyers usually ask
for 1% of the property price; in some cases it is negotiable
and in others you can choose to pay by the hour.
P.
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