Building Options In Andorra

Summary

Considering building a property in andorra or spain with 6 million euros involves understanding residency requirements, tax implications, and property management. In andorra, you can benefit from low income tax rates and no wealth tax, while in spain, you must comply with local building codes and pay property taxes like ibi. Owning flats in spain doesnt require selling them, but you will be subject to spanish property taxes. Consult local regulations and hire licensed professionals for building projects.

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What are the reuqiments, can I build a house? But I have * flats in spain do I sell them?
In order to build a house in Catalonia, Spain, you need to:
- Obtain a building permit from the local municipality.
- Ensure the land is zoned for residential construction.
- Comply with local building codes and regulations.
- Hire a licensed architect and builder.
Regarding the flats, it depends on your financial goals and investment strategy. If you need immediate funds or want to reduce property management responsibilities, selling might be a good option. If you want to generate rental income, keeping them could be beneficial.
Do you need more details on the building permit process or advice on property management?
I say I want to go to Andorra for tax ñrurpuse but I have flats kk Spain do I need to sell them or ow TX free
To clarify your situation:
*. Residency in Andorra: If you move to Andorra for tax purposes, you'll benefit from low income tax rates and no wealth tax.
*. Flats in Spain: Owning property in Spain doesn't necessarily mean you need to sell them. However, you will be subject to Spanish property taxes, such as property ownership taxes and rental income taxes if you rent them out.
Would you like more specific details on the tax implications for owning property in Spain while being a resident of Andorra?
Ah so only ibi if they're not occupied?
Case Rating: *
If the flats in Spain are not occupied, you will still need to pay the property ownership tax, including IBI (Impuesto sobre Bienes Inmuebles). If you rent them out, you will also be subject to rental income tax.
Would you like more details on how this works?
Where to build with * million?
Case Rating: *
With * million euros, you have several options for building a property in Spain or Andorra.
In Spain (Catalonia):
- Building Permit: Obtain from local municipality.
- Zoning: Ensure land is zoned for residential use.
- Building Codes: Comply with local regulations.
- Architect and Builder: Hire licensed professionals.
In Andorra:
- Investment: Ensure you meet the residency investment requirements.
- Building Regulations: Comply with Andorra's building codes.
Do you need more detailed information on building permits in either country?