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NEW REGULATION OF THE TOURIST APARTMENTS FOR MURCIA REGION

But do we know what the difference is between tourist apartments and houses for tourist use ( alojamientos vacacionales) ? According to the new decree 174/2018 Tourist apartments will be considered to be the accommodation units offered, by means of a price, for rent on a regular basis and duly equipped with furniture, installations, services and equipment […]

NEW MORTGAGE LAW

Law 5/19 of 15 March, regulating real estate credit agreements, better known as the new Mortgage Law. This new law, which came into force on June 17, 2019, seeks greater transparency and clarity for consumers, emphasizing the fact that customers must know in detail the loan they are signing and that they are able to […]

MAIN LAW CHANGES AFFECTING ALICANTE AND MURCIA DURING 2018

NEW DECREE THAT REGULATES THE TURIST APARTMENTS IN THE REGION OF MURICA. During the past month of August 2018 came into the new decree that regulates the tourist apartments in the Region of Murcia (Decree nº 174/2018 of 25th July 2018), which derogates the previous decree from 2005 except in its chapter 5, articles from 30 […]

GREAT REDUCTION OF INHERITANCE AND DONATION TAX IN THE REGION OF MURCIA

The Community has introduced reductions in inheritance tax during the last two years. Initially, this tax was reduced to 99% but only for the transfer of family businesses. Subsequently, a 99% exemption was also introduced for inheritance or donations, but only for special large families with more than five children. And finally, by 2018, this […]

VALUE ADDED TAX AND PERSONAL INCOME TAX (IRPF) ON HOLIDAY HOMES

The proliferation of Internet portals for the rental of holiday homes has meant a new type of business where more and more homeowners are attracted to the Spanish coasts, causing great discomfort in the hotel sector, which has not hesitated to cross out this activity as unfair competition.  Due to pressure from the hotel sector, […]

HOLIDAY HOUSING RENTALS IN THE REGION OF MURCIA

In recent years several autonomous communities in Spain have been forced to regulate the operation of vacational apartments and holiday accommodations due to pressure from hotel, campsite and rural accommodation managers. These establishments complain that short-term rental housing does not carry the same tax obligations and burdens as the sectors that are already regulated. In […]

“MORTGAGE GROUND CLAUSE” (MINIMUM INTEREST RATE): CAN I CLAIM MONEY BACK FROM MY BANK?

Initially, the Spanish Supreme Court declared the nullity of the so called “ground clause” (pre-established minimum interest rate) in mortgage loans in its ruling on the 9th of May 2013. However, it also established that not all “ground clauses” were automatically null, but only those which were deemed abusive due to a lack of transparency from insufficient […]