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MATRIMONIAL TRANSFERS

Anglo-Spanish Law is not a firm that handles divorces. The service that Anglo-Spanish Law provides is the implementation of that part of a court order that provides for the transfer of all or part of a property in Spain into the name of an ex-spouse.

The usual scenario is that there is a Consent Order in which one of the parties has to transfer into the name of the other, their half-share of a property in Spain.

 

The Cost

It is assumed that both parties are prepared to co-operate fully in the implementation of the Consent Order, because if one party refuses to co-operate costs will rise spectacularly as the English court becomes involved yet again in what is then not simply the implementation of a Consent Order, but its enforcement.

Provided there are no title problems and the "only" thing that needs to be done is implement a Consent Order with both ex-spouses co-operating fully, the fees of Anglo-Spanish Law are very approximately £2,000.00 with no VAT needing to be added on top because Anglo-Spanish Law is not VAT registered.

On top of the fees of Anglo-Spanish Law are some substantial disbursements, which include the fees of the Foreign & Commonwealth Office, the Spanish lawyer in Spain handling the Spanish end of the matter, the notary, the property registrar and taxes.

Much of the fees and taxes in Spain are based on the value being transferred, ie the greater the value transferred, the more will have to be paid in fees and taxes.

Most recently divorced people are short of money and, therefore, prefer to declare as low a value as possible as the value being transferred, despite the fact that this will almost inevitably mean paying more in State Capital Gains tax later when the property is sold. Unfortunately, the room for manoeuvre is normally quite small.

For detailed terms and conditions of business to be sent please phone Mr Wagner on 01433-631508, preferably between 9.30 am and 2.00 pm Monday to Friday.

 

 

Disclaimer: The content of this website does not form part of the contract for services between Anglo-Spanish Law and clients.