The Property Banks Buyers Guide to Andorra
Andorra is nestled high in the Pyrenees Mountains on the French-Spanish border.
Government
A parliamentary co principality composed of the bishop of Urgel (Spain) and the president of France. Their representatives are listed above. The principality was internationally recognized as a sovereign state in 1993.
History
An autonomous and semi-independent co principality, Andorra has been under the joint suzerainty of the French state and the Spanish bishops of Urgel since 1278. It maintains closer ties to Spain, however, and Catalan is its official language. In the late 20th century, Andorra became a popular tourist and winter sports destination and a wealthy international commercial center because of its banking facilities, low taxes, and lack of customs duties. In 1990 Andorra approved a customs union treaty with the EU permitting free movement of industrial goods between the two, but with Andorra applying the EU's external tariffs to third countries. Andorra became a member of the UN in 1993 and a member of the Council of Europe in 1994.
Purchase Procedures
There is a Property Acquisition Tax of
2,5% of the agreed purchase price payable to the Government (that in
turn passes on half of this amount to the respective commune). This
is payable by the purchaser, separately from the payment to the
seller, at the Notary Public's office at the time of the
transaction. Payments of tax must be made by means of an Andorran
banker’s cheque. The name/s of the new owner/s are notified by the
government to your local commune.
All communes charge a small property rate in addition to the local
rates and services charges. It is the rule that the installation of
services such as electricity supply is subject to the issue of a
certificate from the applicable Commune. All certification can be
arranged through SERVISSIM.
Notarial fees
The cost of the Public Title Deed, is to the account of the
purchaser. Extra charges – where applicable - are also payable by
the purchaser for a bank's mortgage deed, as are powers of attorney.
In passing it should be noted that the original of any deed is the
one in the notary's protocol (classification). The copy that many
clients wish to hold as proof of their deed is just that - a
notarised copy. One copy is supplied (only to the parties to the
transaction) at no extra charge on payment of the notary's fees.
Further copies are chargeable.
Charges are as follows:
|
Property price |
Up to |
Notarial fee |
|
6.010 |
12.020 € |
210,35 € + 0.5% of the value of the transaction. |
|
12.021 |
18.030 € |
240,40 € + 0,4% of the value of the transaction. |
|
18.031 |
24.040 € |
264,45 € + 0,4% of the value of the transaction. |
|
24.041 |
30.050 € |
288,50 € + 0,4% of the value of the transaction. |
|
30.051 |
36.060 € |
312,50 € + 0,4% of the value of the transaction. |
|
36.061 |
42.070 € |
336,60 € + 0,4% of the value of the transaction. |
|
42.071 |
48.080 € |
360,60 € + 0,4% of the value of the transaction. |
|
48.081 |
54.090 € |
384,65 € + 0,4% of the value of the transaction. |
|
54.091 |
60.101 € |
408,70 € + 0,3% of the value of the transaction. |
|
60.102 |
66.111 € |
426,70 € + 0,3% of the value of the transaction. |
|
66.112 |
72.111 € |
444,75 € + 0,3% of the value of the transaction. |
|
72.112 |
78.111 € |
462,75 € + 0,3% of the value of the transaction. |
|
78.112 |
84.111 € |
480,80 € + 0,3% of the value of the transaction. |
|
84.112 |
90.111 € |
498,85 € + 0,3% of the value of the transaction. |
|
90.112 |
96.111 € |
516,85 € + 0,3% of the value of the transaction. |
|
96.112 |
102.111 € |
534,90 € + 0,3% of the value of the transaction. |
|
102.111 |
108.111 € |
552,90 € + 0,3% of the value of the transaction. |
|
108.112 |
116.111 € |
570,95 € + 0,3% of the value of the transaction. |
|
116.112 |
120.111 € |
589,00 € + 0,3% of the value of the transaction. |
|
120.112 |
300.506 € |
607,00 € + 0,2% of the value of the transaction. |
|
300.507 |
601.012 € |
997,70 € + 0,1% of the value of the transaction. |
|
> 601.013 € |
|
€1.268,15 € + 0,1% of the value of the transaction. |
Mortgage Deeds
(If signed jointly with the Public Title Deed)
Above prices less 50% with a minimum charge of 180,30 €
Powers of attorney 90,15 €
Wills and codicils 90,15 €
For all notarial documents there is a government tax of 5% of the
fees charged.