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Unregistered
11-08-2010, 08:46 PM
We have owned our property since Nov 2005 but have not yet paid any IBI. As we are non resident, and the bills are sent to the apartment, then we have only managed to pick up one of the bills, and tried to pay it at the bank, but we were told that it was no longer within the payment period. We have still not managed to find out how to pay it!
Anyway, we are now looking to sell the property, at a huge loss, and probably owe around 4000 euros on IBI. Is this something that a purchaser or their lawyer would routinely check? Are they likely to want this amount paying off before the sale would go through? Or is it likely not to be discovered?

lawbird
11-09-2010, 11:23 AM
Dear Sir/Madam,

The Buyer's Lawyer will in all likelihood detect this during due diligence and insist that all IBI debts are paid before completion (as it was your responsibility to pay for this during your period of ownership and not the Buyer).

If you are selling the property at a loss, then perhaps you can negotiate with the Buyer who is to pay for this debt. This will depend on your barganing position.

To obtain copies of any unpaid IBI bills please direct yourself to the "Patronato de Recaudación" from your locality. If you are unsure where this is, you can ask in your Townhall.

Hope the above helps and if you are interested in reading more on the transaction you are about to carry, please click on the following link: http://www.lawbird.com/services/view/24/Conveyancing-for-Property-Sale

Kind regards,