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Buying plot of land.

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Buying plot of land.

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Old Mar 13th 2007 | 1:49 am
  #16  
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Default Re: capital gains tax

Originally Posted by deb2408
hi there i have just bought some land and have paid the deposit and in 6 weeks time they want more i bought through a real estate agent its going to take 2 yrs to build am i doing the right thing or can you advise me pls
Is there building permission on that land you have bought, much land is sold for building, without the required building permission, and then the house is built, and later has to be demolished. look at all the problems in the Catral area for one.
 
Old Mar 13th 2007 | 1:53 am
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Angry Re: capital gains tax

Originally Posted by mikelincs
Is there building permission on that land you have bought, much land is sold for building, without the required building permission, and then the house is built, and later has to be demolished. look at all the problems in the Catral area for one.
please refer the replies to db2408 to buying building land and not "capital gains tax" you got the lines crossed
 
Old Mar 13th 2007 | 1:57 am
  #18  
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Default Re: capital gains tax

Originally Posted by youngs
please refer the replies to db2408 to buying building land and not "capital gains tax" you got the lines crossed
He is posting on the right thread, I split the thread and this part is the land sale one now.
But I cant change this sub title bit Re: capital gains tax, but the main title is changed.

Last edited by jdr; Mar 13th 2007 at 2:01 am.
 
Old Mar 13th 2007 | 2:02 am
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Default Re: Buying plot of land.

I would make sure you can build on it... if necessary by checking at the local town hall. And what about amenities like water and elex ?? Or are you going down the solar panel route ?? Can you have a bore hole drilled for a well ?? Why two years to build ?? In Spain once they get started things get built vey quickly....too many unanswered questions... I am not saying pull out, but you need to satisfy yourself, and the mere fact that you are asking these questions on this forum means that you have not had enough advice.
 
Old Mar 13th 2007 | 2:09 am
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Default Re: Buying plot of land.

I just noticed the sub title changed cos you didn`t include a quote, thanks.
 
Old Mar 13th 2007 | 2:17 am
  #21  
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Default Re: capital gains tax

Originally Posted by jdr
He is posting on the right thread, I split the thread and this part is the land sale one now.
But I cant change this sub title bit Re: capital gains tax, but the main title is changed.

2 DIFFERENT PEOPLE WITH 2 DIFFERENT SUBTITLES.

db2408 wants to know about land

youngs want to know about capital gains tax.

please do not post land replies to youngs....dont want to know
 
Old Mar 13th 2007 | 3:22 am
  #22  
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Default Re: capital gains tax

Originally Posted by youngs
2 DIFFERENT PEOPLE WITH 2 DIFFERENT SUBTITLES.

db2408 wants to know about land

youngs want to know about capital gains tax.

please do not post land replies to youngs....dont want to know
THIS IS NOW ::::: BUYING A PLOT OF LAND THREAD:

THIS IS CAPITOL GAINS TAX THREAD HERE
I SPLIT THE THREAD TO MAKE IT EASIER; AHHHH
 
Old Mar 13th 2007 | 3:38 am
  #23  
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Default Re: Buying plot of land.

Just to reiterate my reply regarding the purchase of land which got left on the other thread:

There are virtually no circumstances where you can build a dwelling on rural land unless you are registered and paying tax and social security as a farmer. Many properties, if they have a licence at all, only have a licence for the construction of an agricultural building which is built to look like a house.

The problem is that you will not get a certificate of first occupation without which you will not be able to contract for services.
 
Old Mar 13th 2007 | 4:48 am
  #24  
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Default Re: Buying plot of land.

Originally Posted by Beachcomber
Just to reiterate my reply regarding the purchase of land which got left on the other thread:

There are virtually no circumstances where you can build a dwelling on rural land unless you are registered and paying tax and social security as a farmer. Many properties, if they have a licence at all, only have a licence for the construction of an agricultural building which is built to look like a house.

The problem is that you will not get a certificate of first occupation without which you will not be able to contract for services.
Is rural the same as rustic?

Because we have just been granted building permission (stamped and certified by the town hall) to build a 450 m2 villa (finca style) on 18,800 m2 of rustico land in Benissa.
 
Old Mar 13th 2007 | 5:16 am
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Default Re: Buying plot of land.

Originally Posted by MnM
Is rural the same as rustic?

Because we have just been granted building permission (stamped and certified by the town hall) to build a 450 m2 villa (finca style) on 18,800 m2 of rustico land in Benissa.
Have a look here suelo rustico "no building" or suelo urbano "building"
It was rustico land that was changed to urbano that has caused the problem in Marbella.
Maybe you are ok if its finca rustica, but then I thought you had to run it as a farm ?
 
Old Mar 13th 2007 | 5:30 am
  #26  
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Default Re: Buying plot of land.

Originally Posted by jdr
Have a look here suelo rustico "no building" or suelo urbano "building"
It was rustico land that was changed to urbano that has caused the problem in Marbella.
Maybe you are ok if its finca rustica, but then I thought you had to run it as a farm ?
The description of the land, from the escritura is:

RUSTICA: Trozo de tierra secana

Building license has been issued for a build of 450m2.

Jdr, from what I read in the link, it may be a bit out of date (or for other regions of Spain) as we already have had bank valuations and mortgage offers upto 70% for the land and 70% for construction.

What we HAVE been told is that if it were reclassified as rustica urbana, then the value would sky rocket, but it is not the case YET.

P.S. In case anyone was wondering, this property is not ours
 
Old Mar 13th 2007 | 5:34 am
  #27  
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Default Re: Buying plot of land.

As it is a finca on rustica land doesn`t it have to be run as a farm ?
 
Old Mar 13th 2007 | 5:41 am
  #28  
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Default Re: Buying plot of land.

Originally Posted by jdr
As it is a finca on rustica land doesn`t it have to be run as a farm ?
No. The only thing they insist on is that it is not a modern structure and is built in a rustic style, which we absolutely agree on anyway. They went through the plans with a fine tooth comb. Even allowing for infinity pool, tennis court, etc. They may even consider a helicopter pad!

Don't know too many farmers with helis *l*
 
Old Mar 13th 2007 | 6:13 am
  #29  
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Default Re: Buying plot of land.

Originally Posted by Beachcomber
Just to reiterate my reply regarding the purchase of land which got left on the other thread:

There are virtually no circumstances where you can build a dwelling on rural land unless you are registered and paying tax and social security as a farmer. Many properties, if they have a licence at all, only have a licence for the construction of an agricultural building which is built to look like a house.

The problem is that you will not get a certificate of first occupation without which you will not be able to contract for services.
Beachcomber I am no expert, but am not sure you are entirely right. This is a quote from an e-mail I received after enquiring about buying a plot of land in a region north of Seville:
As a rule of thumb, to guarantee being able to (legally!) build yourself a decent sized family house, you need to be looking at fincas with 60,000m2 and upwards. That's assuming there is no ruin or any kind of construction on the land already. You would get permission to build 140m2. The alternative is to find a finca with a ruin that has a footprint already the right size. Therefore, if you find a 2,000m2 plot with a single story ruin measuring 30m2, then you can assume from the outset that you will only get permission to restore what's there, leaving you with a single story "house" measuring 30m2!! ie. a bedsit!!

So, if you don't want so much land to look after but you would like to build a house, then you need to find a smaller plot of land with a ruin big enough for your needs. As you can imagine, this type of property is in serious demand! And prices reflect this. To give you an example, we have a property standing on 20,000m2, with 300m2 of ruin. Price 132,300 euros. However, this place is relatively cheap as it is right beside a busy main road. Cheaper than this you won't find anything with more than 50m2 to play with, out of which you could just about squeeze a one-bedroom cottage

These regs pertain to the area which is classed as a Natural Park.
 
Old Mar 13th 2007 | 6:52 am
  #30  
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Default Re: Buying plot of land.

It sounds as though this email is from an estate agent. If it was received from anyone other than the Junta de Andalucía I would not give it much credence.
 


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