Dear Sir,

As my colleague has already pointed out, a legal process known as a Dissolution of Joint Property Ownership (DJPO) would be the most efficient solution from a tax mitigation point of view.

However I must stress that this is not simply removing your name and placing hers this is a full conveyance procedure only that she will pay less taxes following a DJPO. Instead of paying 7% Transfer Tax on the full property value she will waive 6% and pay instead 1% Stamp Duty on the full property value.

Please read our article on Dissolution of Joint Property Ownership in Spain.

We already have a thread opened on this matter if you wish to peruse it.

If you require a sample breakdown of fees and expenses to have a rough idea on what it would cost, please contact us requesting it.