Información

The situation in which several people are holders of rights is common.

the same farm.

The origin of this co-ownership may be various, it will be

frequently hereditary, but may have been caused by

any cause. In that case, one of the co-owners may

interested in keeping the property and buying the others' share.

In this case we are facing an extinction of condominium or dissolution.

of community; The Law favors them with an attenuated tax regime.

It is an essential requirement for the condominium to be terminated.

that after the same there is only one owner (except in the case of

community property), otherwise we will be facing a simple sale with

its effects.

If there are several properties involved, what is appropriate is to perform a

termination of condominium on each of them.

The advantage of condominium termination is that it is not

It is taxed at 7% in the ITAPJD but is taxed at 1% as AJD.

Necessary Documentation

Identity document of all co-owners.

Valuation of the asset.

Documentation of the property (deeds and contribution).

Documentation related to means of payment.