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transfer of property ownership from company to individual
a number of years ago we bought a property using a spanish company. we are thinking about transferring it into personal ownership, however i am concerned about three things:
I) would we have to increase the capital prior to disssolution to avoid the 7% transfer tax being applied by Tax office ? (for example, would they see our dissolution as simply an exchange of the property for the "loan" that is currently on the books)?
ii) what would one expect to pay in terms of liquidation costs (eg. notary fees, land registry fees, professional fees?)
iii) are there any taxes due for liquidating a company?
many thanks
james
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VICTORIAS SECRET GIFT CARD
Last edited by chomedey; 04-11-2011 at 09:32 PM.
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