Selling Property in Tenerife
Selling property in Spain is fairly uncomplicated; most of the work is undertaken by your Estate Agent, which is why choosing a reliable Estate Agent is so important.
We make selling your property a hassle-free event. We strongly pride ourselves on the service we provide which be believe to be second to none.
You will need to be in the possession of the following in order to complete the transaction:
- A copy of your Title Deed
- Urban Taxes or I.B.I. (this is the tax paid to your local council)
- An up to date receipt will suffice as proof of payment.
- Receipts (up to date) for all Utility bills i.e. Water, Rubbish, and Electricity.
- A photocopy of your passport
- A photocopy of your N.I.E.*
- Where applicable, proof of any property maintenance payments**
- If you have a Mortgage on your property, we will need the last receipt.
If you are not a resident of Tenerife, and you obtained ownership of the property after the 1st of January 1987, there is a tax retention fee of 3% of the declared purchase price of the property, i.e. the value of the property as stated in the new Title Deed. If you are a resident, then you do not have to pay the 3% retention but must declare the sale in you annual tax return.
(*) A copy machine is available and at your service in the office.
(**) We require a signed certificate from the administrator who handles the maintenance of your property, stating that your payments are up-to-date. This certificate must include the administrators' D.N.I. number, and a photocopy of their D.N.I.