Dissolution of Joint Property Ownership

Property

Are you fed up with your partner? Did you know there is a special procedure in Spain to terminate property co-ownership which can save you up to 80% in taxes? Interested? Read on.

 

A deed of DJPO allows joint owners to re-arrange their share on any property in a tax-efficient manner as it enables the outgoing joint owner to transfer his share to an existing co-owner legally waiving the extreme 8% Property Transfer Tax and paying in lieu 1.5% Stamp Duty on the full property value. This results in tax savings of 86%, or more.

 

This service is suitable:

 

• In a divorce or separation.
• Re-arranging inheritances.
• Re-arranging property holdings between family and friends.

 

Our all-inclusive service offers:

 

• Making preparations at the Notary.
• Registering updated Title deeds.
• Filing and paying associated taxes.
• Discharging a mortgage on the outgoing joint owner (if applicable).

 

Legal fees: on application

 

We will be very pleased to discuss your matter with you. You can contact us by e-mail at info@larrainnesbitt.com, by telephone on (+34) 952 19 22 88 or by completing our contact form to book an appointment.

 

Related articles

 

• Dissolution of Joint Property Ownership (article) – 8th of May 2011
• Dissolution of Joint Property Ownership (blog post) – 8th of September 2017
• Spain’s Supreme Court rules that in Dissolutions of Joint Property Ownership Stamp Duty is only paid on the outgoing share – 14th of November 2018
• Dissolution of Joint Property Ownership in Spain – 8th of June 2020

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