Transfering name on deeds.
#1
Thread Starter
BE Enthusiast





Joined: May 2009
Posts: 882











Is it possible to transfer the name on the escritura to another family member?
This is only an option to leaving property in a will.
Many thanks for any info.
This is only an option to leaving property in a will.
Many thanks for any info.
#2
Yes but they consider it to be a sale. Consequently you have the 7% transfer tax to pay plus all the other add-ons!
#4
It's worse than that. If they don't pay for it could be classed as a gift and they have to pay immediate gift tax on it!
The only cheap option is where you have two people on the deeds and you want to put it in just one name. You can do that for just 1%. It's called a "disolucion del condominio".
The only cheap option is where you have two people on the deeds and you want to put it in just one name. You can do that for just 1%. It's called a "disolucion del condominio".
#5
Forum Regular



Joined: Jan 2011
Posts: 228











1%. It's called a "disolucion del condominio".
It is much cheaper than the IT , but does incur other costs, I paided roughly 2k euro to change ours over a month ago, but well worth it to us.
It is much cheaper than the IT , but does incur other costs, I paided roughly 2k euro to change ours over a month ago, but well worth it to us.
#6
Im having to do this for 3 properties, due to divorce.. and what a load of hassle.. but fingers crossed, its being done for the 1% payment...
#7
Forum Regular



Joined: Jan 2011
Posts: 228











I did mine myself, but you still have to pay the notario and the register fees as well as the tax, so I would ask whom ever is doing it for you, its definately not free LOL !
It was no hazzle though.
It was no hazzle though.




