Spain

Own Property in Madrid as a Foreigner? Plan for Inheritance or Gifting

Spanish inheritance and gift tax (Impuesto sobre Sucesiones y Donaciones) applies to all Spanish-based assets, including Madrid property — even if the heirs are abroad. But Madrid offers some of the most favorable tax reductions in Spain — especially for close family members. 🏡 Who Pays Inheritance or Gift Tax in Madrid? The recipient (heir […]

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Buying Property in Madrid as a Foreigner? Know Your Tax Obligations

Madrid offers excellent opportunities for international buyers, but understanding property taxes and legal fees is essential to avoid surprises. Here’s a breakdown of what you’ll pay — and how we help you navigate every step. 💰 1. Transfer Tax (ITP) – Resale Properties If you’re buying a second-hand property (from a private individual), you’ll pay:

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Buying Property in Madrid as a Foreigner? Follow This Legal Checklist

Madrid is a top destination for international property buyers — but navigating Spanish real estate law can be risky without the right legal guidance. This 10-step legal checklist will help you buy safely, avoid surprises, and protect your investment. ✅ 1. Apply for an NIE (Foreigner ID Number) Before doing anything, get your NIE (Número

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Don’t Buy Property in Madrid Without Full Legal Due Diligence

Madrid’s real estate market can move fast — but rushing into a purchase without legal checks is a costly mistake, especially for foreign buyers. At Borderless Lawyers, we conduct thorough legal due diligence on all Madrid property purchases, ensuring you’re protected before signing any contracts. ✅ What Is Real Estate Due Diligence in Spain? It’s

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