How much does it cost to buy a derelict Finca in Spain? 

You're welcome, thanks for watching

Thanks Paul - Spain makes you that way :)

Oh my goodness 😨 That is insane!

Wow, that is expensive!

@@FincaLife Totally agree! It is used to pay for city services such as police, the fire department, and public transit as well as elementary and secondary education, where most of this is union driven, infrastructure etc. Also the more money your property is valued the more you pay. Yes - we are thinking about moving to Spain and why not? Not only because of the high cost of living but also the weather. Right now at about 5:30 pm the temperature is -12c.

Thanks Gavin. It is a relief but we still have the cost of the restoration to find :(

Naayyy! 🤦

Thanks Hazel

Welcome to Spain :)

@@FincaLife Yes, i know about that 10% tax, the rest of the costs are unkown. But now you have total control of your property boundaries at least

Thank you and have a great day yourself

Hahaha, you're not allowed to have your own beliefs these days, you should know this 🤣 Katzi is still in hospital, still having problems with his kidneys and blood in his urine. Fingers crossed he can come home Saturday. We have given an update but this video was an impromptu one following our Solicitors visit and therefore I didn't think to do it again. Anyway, thank you for your prayers, very much appreciated 😘

Thank you!😎

From what we have experienced, it's most cases. Thanks.

Lol, you'll be fine, don't worry. Probably cost about 40€ for a kitchen license. Nobody bothers for things like that though.

Hi Jasper, once you have a bill, you can set up a direct debit at the bank, to pay it automatically. We have asked for future bills to be posted to this address and emailed also. Ours are issued in October, for the current year, so if we don't receive by November, we will be contacting them!

@@FincaLife Thanks!

The way to prevent fines is to have everything payed by direct debit or write all payments on a calendar when they are due. Living in the remote areas you are lucky to receive any post.When a bill is not payed by the due date it is passed on to Suma and the fine is the charge Suma make for collecting the debt.

It's not even that good lol. Our property is taxed on the new perceived finished value immediately we got the project, even though we hadn't done anything at that point. Fortunately it's not too expensive.

Doing a Google search for property for sale in an area usually turns up quite a few sites. There are a couple that pop up - thinkspain and kyero are two of the bigger ones - we found ours initially through one of these but can't remember which one!

To be fair, the project was nothing to do with the solicitor, only the legal side of the actual purchase.

The Ayuntamiento should have told us when we were granted permission that there was tax to pay. However, as it was during Lockdown, we didn't have to physically go, we received our permissions electronically, they omitted to tell us we needed to take the paperwork to the bank and pay the Tax. It's a very strange system to us and we just didn't know...

You would probably need a minor works license, which is much cheaper and easier to get, to change the kitchen. Most people would just change the kitchen without a license, for obvious reasons :)

Still in hospital Heidi. He is no worse but still has blood in his urine. Hopefully we can bring him home on Saturday 🤞

Hi Dave, I'm sorry, I don't. I understand that the tax is based on the value of the project ie the amount of money you are going to spend. It's all a bit of a grey area and varies from province to province. The best would probably ask at the local Ayuntamiento planning dept. If it's any help, other people that have full projects seem to be paying around the same amount but don't bank on that :)

@@FincaLife No problem - we'll just wait for our bill, plus fine 😂 but still better to be aware of it than not have a clue. Best wishes for your continued renovation - its a beautiful place you have 🙂

@@daveb6007 Thank you. To be honest, I would be actively looking to pay it as soon as you get the project. We waited (mainly because we weren't aware) and got a massive fine for late payment. Good look with it.

​@@FincaLife Yes I will do - Ive read the same with other direct debits such as council tax, and social security - even if its set up to pay automatically, you're deemed responsible as a resident to follow up and chase if anything is not paid, so it seems quite strict so I will definitely chase this up with the town hall. I have a local solicitor from Vera (we're not purchasing in Vera itself as we can't afford it but they are the most local). They are charging 1,100 euros plus 100 for arranging each notary. The UK ones were going to charge us £2,500 plus VAT and aren't local to the area where we want to purchase as they're based in London. The solicitor was recommended by a surveyor local to Almeria (who is surveying the property for us). So hopefully between the surveyor, solicitor and estate agent, we should be able to get advice to chase up renovation taxes. I wouldn't have known without your video so really grateful for your advice :)

@@daveb6007 Good look with it all and it sounds like you'll be ok. Thank you so much for your support.

It's the way it is here, unfortunately

@@FincaLife it definetly doesn't encourage people to move to the more population sparse and poor areas of Spain... they should encourage people moving there and properties being sold etc. etc. they are slowly killing their own country

@@LiLBitsDK The irony is that they are, apparently, trying to encourage people to move to rural areas.... Funny way of doing it eh?

@@FincaLife well I was pondering if I should expand my search from Portugal to also include Spain since I know a lot of areas are very unpopulated... Just watching your video as the 2nd was like... "Nopes, not gonna happen"...