May 2006


Residents and non-residents have to pay a capital gains tax when they sell their properties. According to Marbella Lawyers : A non resident will pay 35% on the net gain after selling, as opposed to a resident, which will pay 20% on the net gain. Also, a non resident will have a 5% of the sale price withheld by the buyer on account of the capital gains tax. This obligation on the buyer was implemented to avoid tax loss from non residents which would sell and not pay tax. After the tax liability is assessed, a refund may be available, as the case may be. (more…)

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New properties are available in Torrevieja offered by Grupo Mahersol , an housing development firm. One is located at front the Laguna de Torrevieja part of a private urbanización of 24 properties. Bungalow 2 rooms and 1 bathroom, garden and shared swimpool. Price around €139,000 euro.
El Cortijo Real , little urbanización of 14 properties, properties of 2 and 3 bedrooms (1 bathroom), shared swimpool, solarium, garage in option, properties near the beach (no price info on this one)
Parque Avenidas III, little urbanización of 14 properties, 2 rooms, 1 bathroom, 1 toilet, solarium, shared swimpool , alarm, air conditioning system, furnitures. Price : 2 bedrooms for €125,000 and 3 bedrooms for €180,000.
You can get all the information about those properties on the Grupo Mahersol website, since this is a large firm, they might not force you to go black money. Once on the website click ‘english’ if you don’t speak any Spanish.

Grupo Mahersol contact in Torrevieja:

· Paseo Vistalegre, 3 - bajo
Tel. 96 571 74 47
· Paseo Vistalegre, 7 - 1º A
Tel. 96 571 99 99
· Caballero de Rodas, 82
Tel. 96 570 77 36
· Caballero de Rodas, 3
Tel. 96 670 89 66

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