VALENTINES DAY

Ten Classic Valentines Sayings 1. Love is friendship set on fire. Jeremy Taylor 2. Love is a game that two can play and both win. Eva Gabor 3. Love is like the measles; we all have to go through it. Jerome K. Jerome 4. I love thee to the depth and breadth and height my soul can reach. Elizabeth Barrett Browning 5. 'Lucky is the man who is the first love of a woman, but luckier is the woman who is the last love of a man.' Anon 6. For twas not into my ear you whispered but into my heart. Twas not my lips you kissed but my soul. Judy Garland 7. Love is the heart of the soul. Robert Paul 8. A hundred hearts would be too few to carry all my love for you. Anon 9. My girlfriend told me that she was seeing another man. I told her to rub her eyes. Emo Philips 10. I don't understand why Cupid was chosen to represent Valentine's Day. When I think about romance, the last thing on my mind is a short, chubby toddler coming at me with a weapon. Anon Funny Valentine's Day Sayings • I thought that I could love no other Until, that is, I met your brother. • Roses are red, violets are blue, sugar is sweet, and so are you. But the roses are wilting, the violets are dead, the sugar bowl's empty and so is your head. • Of loving beauty you float with grace If only you could hide your face. • Kind, intelligent, loving and hot This describes everything you are not. • I want to feel your sweet embrace But don't take that paper bag off of your face. • I love your smile, your face, and your eyes Damn, I'm good at telling lies! • I see your face when I am dreaming. That's why I always wake up screaming. • My love, you take my breath away. What have you stepped in to smell this way? • My feelings for you no words can tell Except for maybe 'Go To Hell'. • What inspired this amorous rhyme? Two parts vodka, one part lime ... Love and Marriage • A man said his credit card was stolen but he decided not to report it because the thief was spending less than his wife did. • Love is blind but marriage is an eye-opener. • The most effective way to remember your wife's birthday is to forget it once. • When a man opens the door of his car for his wife, you can be sure of one thing: either the car is new or the wife. • Before marriage, a man will lie awake all night thinking about something you say. After marriage, he will fall asleep before you finish. • A successful man is one who makes more money than his wife can spend. A successful woman is one who can find such a man • A little boy asked his father, 'Daddy, how much does it cost to get married?' And the father replied, 'I don't know, son, I'm still paying for it.' • A couple was having a discussion about family finances. Finally the husband exploded, 'If it weren't for my money, the house wouldn't be here!' The wife replied, 'My dear, if it weren't for your money, I wouldn't be here.'

SPANISH PROPERTY TAXES

The purchase of a property in Spain involves - both for residents and non-residents - a series of fiscal obligations which must be met: TAXES ON CONVEYANCE OF ASSETS AND DOCUMENTED LEGAL PROCEDURES (ITP-AJD in its Spanish acronym) AND/OR IVA (Spanish equivalent to VAT): The IVA tax (equivalent to British VAT) is applicable to the purchase of newly built properties and urban plots which are immediately available for building. It amounts to 7% of the purchase price to the purchase of newly built properties, and 16% to purchase of urban plots which are immediately available for building. This tax must be paid on each instalment. In addition, the obtention of the title deed is also subject to Taxes on Conveyance of Assets and Documented Legal Procedures, 1%. It is necessary to pay the ITP-AJD taxes (taxes on Conveyance of Assets and Documented Legal Procedures), when IVA (Spanish VAT) is not applicable. The rate of ITP is 7% of the property purchase price. Remember the costs associated to a property sale transaction are normally 10% of the purchase price, and one of the mentioned taxes is included in this 10%. TAX ON REAL ESTATE (IBI in its Spanish acronym) The IBI tax must be paid every year, in one payment to be made between September 15 and November 15. Failure to pay this tax may result in the initiation of sanction procedures. We can ensure this payment is made by direct debit from your Spanish bank account, so you can rest assured you will not encounter any problems. WEALTH TAX If you are not resident in Spain, you must pay Wealth Tax (in Spanish, Impuesto sobre el Patrimonio), which is applicable to all the assets you have in Spain. Among these assets are real estate, bank accounts and other goods of a certain value. The rate of this tax is very low, usually around 0.20% (one fifth of a percentage point) of the total value of your assets. PROPERTY INCOME TAX Non-residents who own properties in Spain must file their tax return with the tax authorities. Spanish authorities are only interested in the amount earned by non-residents through their activities in Spain, rather than their global income. Non-residents must pay a single tax rate on any income generated in Spain. A typical example is the interests generated by deposits in accounts held in Spanish banks or the income obtained from renting properties. Any person who owns a property in Spain, but is not resident there the entire year, should designate a "fiscal representative" who will carry out all the procedures necessary before the tax authorities. We also offer this service. CAPITAL GAINS TAX Capital gains tax is payable based upon the increase between the original purchase price of a property and the selling price. This tax applies to the seller is levied at 18% to non-residents. Anyone purchasing a property from a non-resident must withhold 3% of the purchase price which is then paid to the tax authorities on account of any liability by the vendors. The vendor then has around two months in which to pay the Agencia Tributaria (spanish tax authorities) the rest of this tax. However, there are factors that can be taken into consideration to reduce the amount paid such as the costs incurred with the original purchase, and time elapsed between the initial purchase and the new sale etc. Source: Manzanares Abogados – Lawyers http://www.manzanares-es.com