In Spain anyone is free to consult the land register on the website www.registradores.org. You can find the details of the property you are interested in by entering the first and last names of the owner. The land registry office will even provide you with an English version of the extract for a small additional charge.

Since the beginning of 2022 there have been significant changes in the valuation of real estate, which have a direct impact on the real estate transfer tax, inheritance tax and wealth tax.

Now the real estate market reference value (“Valor de Referencia del Mercado Inmobiliario”) is applied as the minimum value in the event of a property transfer.

With Law 5/2022, which was published in the Official Gazette (“BOIB”) on 10 March, 2022, the legislature has adapted the controversial tax form 720 to European law.

About 10 years ago, the form (“modelo”) 720 was introduced in Spain with the aim of forcing Spanish tax residents to disclose assets located abroad.