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10-05-2008, 11:27 PM
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Transfer
Hi,
My wife and i jointly own too properties in La Florida. We separated 15 months ago and our divorce is due to be granted soon, as a result of the financial settlement she wants me to sign over ownership of both Spanish properties too her. The Value of property 1 is 84,000 Euros (my 50% Share = 42,000) property 2 is 140,000 Euros but has a mortgage off 132,000, she will take over full responsibility of the mortgage ( my 50% less mortgage = 4,000 Euros. Can you advise on the costs and taxes for transferring my 50% share of the properties, and also who pays the costs, would I have to pay just my own legal costs or would I have to pay some of the transfer taxes as well? Regards Kevin. 
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10-29-2008, 08:19 PM
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Transfer
Legal assistance is not required in that kind of transactions, having to contact a notary office in order to complete the settlement of the common properties. Transmission tax is 1%. however you should contact the bank in order to discuss about the assumption of mortgage loan by only one of you.
For further information, please contact us.
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FONTANALS SOLICITORS SL, is a solicitors firm whose main aim is to provide judicial and fiscal advice to other companies and English Speaking Clients Torrevieja office 96 571 24 53 Fax 96 571 73 31 e-mail: fontanals-solicitors@fontanals-solicitors.com Guardamar office fax and tel. 96 572 71 32 e-mail: fontanals-solicitors-guardamar@fontanals-solicitors.com
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