Larraín Nesbitt Lawyers is a Marbella-based independent law firm specialized in property conveyancing, taxation, litigation, probate and succession. Expert native English-speaking lawyers and economists blend legal and practical advice providing tailored assistance on your matter. Our range of services cover the greater Marbella area, Sotogrande and Costa del Sol.


The firm focuses advising foreign investors on acquiring residential property in Spain both from a legal and fiscal point of view. Our no-nonsense approach to business coupled with our commitment to clients ensures easy-going transactions. We pride ourselves in putting our clients’ interests at the forefront of everything we do.


Larraín Nesbitt Lawyers, your legal partner in Spain.

Last Article:

Buying property in Spain

Raymundo Larraín Nesbitt, September, 9. 2022

Lawyer Raymundo Larrain gives us a brief overview on buying property in Spain.

Marbella-based Larraín Nesbitt Abogados (LNA) has over 19 years’ taxation & conveyancing experience at your service. We offer a wide range of 50 legal and corporate services. Our team of native English-speaking lawyers and economists have a long track record successfully assisting expats all over Spain.

You can review here our client’s testimonials.

Article copyrighted © 2022. Plagiarism will be criminally prosecuted. 

 

By Raymundo Larraín Nesbitt
Director of Larraín Nesbitt Abogados
8th of September 2022

Introduction

September marks the end of the summer and the start of autumn. Autumn is the high season for property purchases. Traditionally the best months for property sales are September, October, and November.

As we have highlighted in multiple articles over the last two years, there is a property boom ongoing in Spain. Property prices have strongly rebounded post-pandemic.

  • Capital appreciation has risen by 8.5% for resale property across the board and over 10% for new builds (off-plan). In coastal areas, and large Spanish cities, it’s actually a two-digit property rise! Bottom line, property prices have risen in Spain reaching all-new highs!
  • Rental yields are also growing by two digits year-on-year. Long term lets offer a net yield of 4.5% per annum, whereas short-term rentals (holiday homes) are far more profitable, delivering a two-digit return.

 

Pro-tip: The combination of both capital appreciation and soaring rental yields translate into a combined yield of over 10% per annum! No other safe investment offers such high returns.

In some regions of Spain, regional authorities have (dramatically) lowered the taxes associated to buying property in a bid to foster an economic recovery post-pandemic. For example, Andalusia slashed by 20% its tax on off plan and from 13% to 30% in resales (contingent on the asking price; the higher the price, the more tax you save). Indeed, it’s a great moment to seize the opportunity and save dozens of thousands in tax money!

Our law firm, Larraín Nesbitt Abogados, published a detailed (free) guide to buy property in Spain. Simply follow the link supplied: Guide to buy property in Spain

Conclusion

Spanish real estate is poised for combined two-digit gains over the next year, interest rate fluctuations notwithstanding, easily trumping alternative investments (bonds, commodities, cryptocurrencies, gold, etc) and paltry fixed returns in a context of historic ultra-low interest rates.

If you are thinking of buying (or selling), please contact us. We have 20 years’ experience buying & selling property. Our friendly staff can guide you safely through the procedure.

We offer this service:

Conveyancing in Spain – Buying

Larraín Nesbitt Lawyers, small on fees, BIG on service.

Larraín Nesbitt Lawyers is a law firm specialized in conveyance, taxation, inheritance, residency, and litigation. We will be very pleased to discuss your matter with you. You can contact us by e-mail at info@larrainnesbitt.com, by telephone on (+34) 952 19 22 88 or by completing our contact form to book an appointment.

Article also published at Larraín Nesbitt Abogados: Buying property in Spain

 

“If you are not moving forward, you are moving backward.”  Mikhail Gorbachev

Mikhail Sergeyevich Gorbachev (1931 – 2022). Was a Russian statesman who served as the last leader of the Soviet Union from 1985 to the country's dissolution in 1991. Domestically, his policy of glasnost ("openness") allowed for enhanced freedom of speech and press, while his perestroika ("restructuring") sought to decentralize economic decision-making to improve its efficiency. Internationally, he avoided WWIII and nuclear armageddon, in tandem with US President Ronald Reagan, on kickstarting the most ambitious denuclearization treaty to date (START). Despite being broadly scorned in his home country (because he proved instrumental in dismantling the dreaded U.S.S.R. empire and the collapse of the Iron Curtain), the West, and most of the free world, widely regards him as one of the greatest Russian president ever. Gorbachev was a peacemaker who brought freedom and democracy to one of the greatest countries in our planet. In 1990 he was bestowed the Peace Nobel Prize. He left our world a better place.

Please note the information provided in this article is of general interest only and is not to be construed or intended as substitute for professional legal and/or financial advice. This article may be posted freely in websites or other social media so long as the author is duly credited. Plagiarizing, whether in whole or in part, this article without crediting the author may result in criminal prosecution. VOV.

2.022 © Raymundo Larraín Nesbitt. All Rights Reserved.

...

Read more

Last Blog Entry:

Andalusia abolishes Wealth Tax

Raymundo Larraín Nesbitt, September, 19. 2022

Marbella-based Larraín Nesbitt Lawyers has over 19 years' taxation & conveyancing experience at your service. We offer a wide range of 50 legal and corporate services. Our team of native English-speaking lawyers and economists have a long track record successfully assisting expats all over Spain. You can review here our client’s testimonials.

Copyrighted © 2022. Plagiarism will be criminally prosecuted.

 

By Raymundo Larraín Nesbitt
Director of Larraín Nesbitt Abogados
19th of September 2022

The writing was on the wall. Andalusia’s new government is hell-bent on lowering taxes across the board. And we more than welcome this!

In what constitutes the sixth wave of tax reductions in Andalusia (mamacita), its president, Mr. Juanma Moreno, announced today he will be approving a law tomorrow that suppresses wealth tax going forward.

In plain English, following on the example of the liberal region of Madrid, he will set on wealth tax an allowance of 100%. Which in practical terms, is tantamount to abolishing wealth tax altogether in the region of Andalusia, so taxpayers with get to pay nada. This change benefits both residents and non-residents in Spain.

This change makes Andalusia one of the hottest the hottest place to invest in all of Spain.

But wait, it gets even better!

Andalusia’s’ regional government also announced it will deflate personal income tax or IRPF (something which honestly Spain’s lovely central social-communist government should have done about a year ago). In other words, the regional government is going to adjust the regional band of IRPF in line with rising inflation. For laymen, it translates to yet another tax reduction on the most important tax: IRPF. Deary me, I think I’m starting to like politicians. Holy.

Honestly folks, it doesn’t get any better when it comes to taxation. Hats off to our regional overlords.

When the new law is enacted, we’ll write a more detailed article on it. You really have to see it to believe it!

 

I have to be seen to be believed” – HRH Queen Elizabeth II

Elizabeth Alexandra Mary (1926 – 2022). Was Queen of the United Kingdom and other Commonwealth realms. She was queen regnant of 32 sovereign states during her lifetime. For over 70 years, she wisely ruled during the longest period of peace and prosperity known to the United Kingdom and the Commonwealth. Despite suffering major family setbacks and international events, she always kept a cool head, leading by example on what constitutes a sovereign’s sacred duty: to serve country and people. Her whole life was a living embodiment of what signifies to serve others, even till her last day. Duty, duty above all. She was succeeded by her eldest son, Charles III.

 

At Larrain Nesbitt Abogados we have over 19 years’ experience buying, selling, and renting properties. We are also specialized in taxation, immigration & residency visas. You can contact us by e-mail at info@larrainnesbitt.com, by telephone on (+34) 952 19 22 88, or by completing our contact form to book an appointment.

Larraín Nesbitt Abogados, small on fees, BIG on service.

Please note the information provided in this blog post is of general interest only and is not to be construed or intended as substitute for professional legal advice. This article may be posted freely in websites or other social media so long as the author is duly credited. Plagiarizing, whether in whole or in part, this article without crediting the author may result in criminal prosecution. No social-communist politician was harmed on writing this blog post. VOV.

2.022 © Raymundo Larraín Nesbitt. All Rights Reserved.

...

Read more

Last Press Entry:

Andalusia to Abolish Inheritance Tax in 2019

Ibex Insurance, September, 21. 2022

Ibex Insurance is a group of international insurance brokers originally established in 2000.

Ibex works with many leading insurers in order to offer clients a wide range of products which meet most general insurance needs. Ibex Insurance Services Limited is fully authorised and regulated by the Financial Services Commission in Gibraltar and is also a member of the Gibraltar Insurance Association.  Its fully owned subsidiary company Ibex Portugal Corretora de Seguros, Unipessoal LDA (Ibex Portugal) is authorised and regulated by the Autoridade de Supervisão de Seguros e Fundos de Pensões (ASF) as an insurance intermediary and an underwriting agency.

The Head Office is located at 68 Irish Town in the historic quarter of Gibraltar. This 100 year old building has been restored to its former glory and was awarded a Gibraltar Heritage Award.

Ibex Insurance kindly published our article: Andalusia to Abolish Inheritance Tax in 2019

Our article can be found published on our website: Andalusia to Abolish Inheritance Tax in 2019

...

Read more