PropertyInSpain.Net has just launched a new Spanish Sipp tax shelter called Libertad,
Libertad tax break buying comes with a co-ownership option for families and friends to buy the freehold between them and share the costs, delights of regular holidays in the sun and the rental income when they can't be there to use it themselves. It's not like timeshare or holiday bond homes as everybody owns the fully notarized and registered freehold.
The prices above are per person, based on three families or
friends buying together. That's called a Libertad 3 but two couples can buy
together or workmates. They need only around £10,000 in cash each to get on the
sunbelt property owning ladder because Spanish banks have set up in
Libertad is 100 per cent legal under Spanish and EU law
because it outlaws "black money", shady deals and makes it easy for
all the owners to pay any taxes due in
An individual family can still buy a Libertad home and benefit from the tax breaks - 20 per cent off capital gains tax for a start and no inheritance tax - and choose from 11,000 new, offplan and resale homes across 10 Costas plus Spanish islands, Lanzarote, Ibiza and Mallorca.
Domingo Diaz Carrillo, Jefe de Departamento of Caja Murcia bank, said: "As PropertyInSpain.Net already manage our online network of 840 property outlets in
Other Libertad partners include Travelex and Halo Financial
providing low cost currency, Solbank/Banco Sabadell, CAM Bank and
It is best to wait for clarification on A day to double check Gordon does not close this loophole.