FAQ's

• Residential common area landscaping and maintenance.

• Residential common area pest control.

• Maintenance of any community swimming pools and sporting facilities.

• Insurance, for common areas only.

• Refuse collection.

• Gated community security

• Street lighting and road maintenance.

Resort Services – In addition, the following Hotel related services are included in the community charge:
• 07:30 – 00:00 hours front desk service.
• Concierge services.
• Access to resort common areas and grounds.

Optional services with additional charges:
• Golf – please contact the golf department for membership packages.
• Day Spa ( Fitness area & Beauty treatments).
• Restaurant and in-residence dining.
• Housekeeping services.

• Personal grocery stocking.
• Laundry and dry cleaning.

Taxes

We recommend all clients seek independent tax advice. As a general guide please see the information below:
If you spend more than 183 days of the year in Spain you are officially classed as a tax resident and liable to pay tax on your worldwide income. If you are not a tax resident, you will only be taxed on income arising in Spain.

Income Tax – The owner is liable to pay tax on profit generated by any income derived from rental of the property. Currently the tax rates are 15% for Spanish residents and 25% for non-Spanish residents.

Capital Gains Tax – For residents and non-residents CGT is a fixed 18%.

Mortgages & Foreign Currency Exchange

All properties will be offered with a mortgage by Banco Santander (mortgage offer will still depend on individual circumstances). However, this is not obligatory and you are free to select any provider you wish without penalty. Arcos Gardens work with many banks and brokers who offer mortgages and we will be happy to provide recommendations should they be requested. For foreign currency exchange Arcos Gardens are happy to recommend World First, our preferred partner for all current exchange. 

Click on their link for more information.

Are the properties freehold and can I resell my property?

Yes, all the properties are freehold. Resale of properties can only happen once the property is completed and title deeds have been exchanged.

Do I have to make a specific Will in Spain?

You are advised to make a Spanish Will to cover your Spanish estate. Whilst a foreign Will is recognised this may lead to delays and prove more costly in the long run. Wills in Spain are usually drawn up by a lawyer and executed before a Notary.

What are the legal costs that I will incur with a purchase?

We recommend budgeting an additional 11% of the purchase price for conveyance costs. This is constituted of 8% IVA (vat), 1% Stamp Duty, 1% Legal fees and 1% to cover Notary and Land Registry fees.

Can you recommend a lawyer to act for me on the purchase?

Arcos Gardens has experience with numerous good and efficient lawyers, and we will be happy to recommend one on the basis of what language the buyer speaks and where they are located. Please ask for details in the information centre.

Furniture Packages

Are the homes provided with furniture?

The homes will be built to the highest specification and come complete with fully equipped kitchen and bathroom furniture. This is the only “furniture” included in the sale price, albeit we are happy to recommend furniture packs offered by various suppliers in the region, depending on the taste of our client.

Rental Program

Is there a rental program?

Yes, in addition to owners being able to rent their own property independently, Arcos Gardens will run a rental pool program. For further information please email, comercial@arcosgardens.com .