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No one is immune from making mistakes when buying a house, due to price, or when investing, because they don’t know where. Even when moving through the tax world, whether with salaries and inheritances or operating online (see Wallapop). Avoiding it is possible if you know the tricks and factors to take into account.
Buy house. Nothing worse than fulfilling the dream of buying a home… but at the wrong price. There are several tricks to know if what they are asking you for a home is an inflated price. Square meters and photos in advertisements are not always reliable. Without leaving the house, another thing that few fall into. If you buy with your partner and things end badly, there is a big mistake that can end up being a source of arguments and trouble. To avoid this, sign a document where it is clear who pays – or how much – in the mortgage payments. Or plan what happens if there is a divorce. Lawyers and notaries advise it.
Paying taxes. The fiscal panorama changes in Spain. The autonomies have launched a fiscal battle focused on personal income tax and inheritance tax that translates into changes from Catalonia to Galicia and from the Basque Country to Andalusia, passing through Madrid. Being clear about where you are taxed more or less on an inheritance or on your salary can make a difference when making decisions. Back to housing, tax issues can also weigh on a purchase or sale: not knowing how the reference value works can ruin the operation.
Know how to invest. Not being clear about what to do with the money, where to invest, can also lead to making mistakes. One of the least known sectors is raw materials, but at the same time it hides good returns, explains mathematician and investor Albert Millan. “They offer great returns if we buy at a low moment, but you have to have the stomach, know how to withstand the movements, which tend to be violent,” he says. Do you see yourself qualified? (Podcast)
And know how to sell. It’s now official: The Treasury increases surveillance and control of sales on Wallapop, Vinted, Airbnb and similar online platforms. As soon as you pass certain amounts or a number of sales, the treasury will have the details of your operations. These are the new limits you should know. You also have to watch out for possible scams on these portals. Cybercriminals always manage to find new ways to deceive. With methods to complete a purchase outside the application or fake SMS, don’t fall into their trap.
If one day it crosses your mind to pay for something expensive with a good handful of coins, don’t go so fast. This week the Bank of Spain reminded that stores are not obliged to accept them after a certain amount. What is it exactly?
On the Orient Express you will need a lot of coins. Paris recovers the legendary train, but tickets range from 2,500 to 3,700 euros. Of course, it gives access to all the luxuries, with restaurants, rooms and corridors that have nothing to envy of the best hotels. That’s how it is inside.
