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Showing posts from November, 2022

Gifts can be made during the property owner's lifetime.

Most property in Ghana can be freely donated to everybody during their owner's lifetime. The requirements are: the donor must be legal proprietor of the donation; the donor should be of the age, mental capacity and intention, and the donor should receive and accept the donation throughout the Donor's lifetime.  used cars in qatar under 10 000 Household chattels may not be given to anybody except those used exclusively for commercial purposes, as they are reserved for surviving couples and children. The donation of property for the benefit of other people is restricted by law and is not in violation of co-ownership arrangements. In the case of a malicious donation, the surviving spouse, children or member of the family may appeal to the Court to reject the donation after the donor is dead. Title deeds confer legally owned property, but trusts are recognized by Ghanese law as well. Title Acts shall give the named individuals the legal title of property, but other persons, such as...

The reserved portion must be covered in a testament.

A portion of the estate is reserved to ensure that certain categories of persons are not excluded. The rules are difficult. The portions depend on the number of heirs and their existence. The minimum reserved portion for each person is 1/8 if a spouse, children and parents survive the deceased. The maximum share of each person is 1/4, if only parents without a spouse or children live on the deceased. After these categories are met, the tester shall be free to distribute, including beneficiaries, the residue of the estate as he/she wishes.  sales qatar If the deceased failed to provide for a financial dependent in his will, that person may apply for provisions at the High Court. Foreign wishes in Ghana are upheld Ghanaian law usually upholds the will of an alien if the executive formalities are consistent with either Ghana law or the national laws of the nation where the will is made. If the will of a testator is proven under the law of a foreign jurisdiction, the Court would hesita...

TAX GIFT

Properties as a gift, however, are subject to a market value gift tax for the total gifts received. A flat rate of 15 percent is charged for gift tax.  dollar plus qatar Gifts falling within the following categories are tax-free: Made under an interstate or will Made between spouses, children and close relatives specified (brother, sister, aunt, uncle, nephew or niece) Made for the benefit of the public or sectors of religious bodies Made for educational or charitable purposes LAW INHERITANCE Thanks to the law firm David Hesse of Hesse & Hesse What heritage laws are applicable in Ghana? Ghanaian laws on heritage affect anyone owning property in Ghana. The main laws concerning heritage in Ghana are as follows: Republic of Ghana Constitution, 1992 Estates Act Administration, 1961 (Act 63) Law of Will, 1971 (Act 360) Law of Intestate Succession, 1985 (PNDC Law 111) Intestate Succession Amendment Legislation, 1991 (PNDC Law 264) Transfer Act, 1973 (NRCD 175) Law on marriages, 1884 ...

The modern property manager's function is changing, according to MRI Software!

  Property managers' responsibilities have altered dramatically in recent years. The discipline is no longer solely concerned with the functional and operational elements of managing, sustaining, and monetising a portfolio. Property managers are increasingly responsible for broader business success, developing communities in their buildings, the safety of those who occupy properties, and the deployment of property management technology to assist their efforts, in addition to the real bricks and mortar.  real estate companies in qatar Accounting, investment, marketing, customer experience, strategic leadership, IT, and digital innovation and transformation are all skills and qualifications needed by professionals in this area. As businesses return to their workplaces, safety will be a top priority. Property managers will be responsible for delivering. It's a genuinely exciting moment to be a property manager, with potential to thrive in a variety of areas and to have a si...

Crestbridge announces the appointment of private equity as a further business growth target!

  Alex Di Santo was appointed Head of Private Equity Group by Crestbridge, an agile alternative to private equity and real estate administration solutions . doha property In his new role Alex is responsible for developing and implementing the private equity fund service strategy of Crestbridge, which includes maintaining the highest level of customer care. He has additional responsibilities in raising the company profile in the space of services for private equity funds and identifying and addressing new and strategically important revenue opportunities. Alex Di Santo, Head of Crestbridge Private Equity Group Alex, based in Jersey, has over 17 years of experience in the financial services industry, 14 of which have been focused on the administration of private capital funds. He has considerable private capital expertise covering private debt and private equity (spanning venture, growth and buyout). This announcement follows an impressive number of recent Crestbridge co...

Fabege with 100% green funding first!

  As all loan agreements of the company are now green, Fabege has achieved a significant milestone in its sustainability. Therefore, Fabege is the first Swedish property company to choose green financing exclusively.  apartment Fabege is one of Sweden's biggest borrowers with total borrowing of SEK 26 billion (as at 30 September 2020) and can therefore contribute to the greener financial market by setting a good example. Green finance offers a stronger loan portfolio that better addresses crises and trustworthy relations with creditors and lower funding costs. "We are glad and proud to participate as an active party in a major transformation towards a financial market which is increasingly sustainable and responsible. To achieve the Paris Agreement's climate goals, the entire financial world must have a major role in the climate, "Comments Åsa Lind, Fabege Head of Treasury. Fabege's entire capital markets financing has already been green, both bonds and busi...

Agent predicts a 30% drop in upmarket housing values in the next months!

  As a result of the coronavirus pandemic, the luxury real estate agency Barnes International, which has operations in Spain, predicts a 30 percent drop in property prices in the following months. Barnes was founded in France and now has operations in Marbella, Madrid, and Barcelona, where it began its Spanish development. According to Barnes, based on their own sales, deals done in September in Barcelona were concluded with discounts of 10% to 15%. They claim that in the current market, prices at the high end do not exceed 7,000 €/sqm.  real estate companies in qatar According to Emmanuel Virgoulay of the Barnes office in Barcelona, published in the Spanish press, “price drops are inevitable in the next months, given the climate in which we live.” “In fact, the only way that Barcelona, and Spain in general, will become appealing again [to foreign investors] from a housing viewpoint is if prices fall, adapting to the current market realities and demand's financial capabili...

Ideal for use at the beach

  Or almost, because this move-in ready apartment is only 150 meters from some of Manilva's best beaches. The house has a big terrace (17m2) with views of the common gardens and pools, as well as lots of interior space (92m2). The ground-floor apartments feature a private garden, while the top-floor apartments feature solariums with panoramic views of the sea . doha property Why should you buy this Costa del Sol property? The two main advantages for purchasing one of these apartments are the superb location and ample room. It's also an attractive option because it's move-in ready and close to everything. Buying a home in Spain is a thrilling experience, but it also needs a significant amount of research and planning. First-time buyers frequently believe that the purchasing process in Spain is identical to that in their native country. This can frequently result in errors that cause the purchasing process to take longer or cost you more money than is necessary. Here are ...

Colliers International Spanish Property Market Report Summary Bullet-point!

  We published a detailed SPI article several years ago in eight languages, which explained what an NIE number is and how to get one. A NIE number is assigned by the national police and is yours, it never changes for the rest of your life. Spanish police issued a certificate of A4 size several years ago which had a three-month expiration date printed on it. Modern NIE numbers no longer display 'expiry' dates. Sometimes notaries require the seller to produce a new updated NIE number certificate on sale. This is because they saw that the 3-month expiration date was (long) overdue and requested a new copy. In fact the 'new' certificate contains exactly the same amount and information as the former certificate, the only difference is that no expiration date will exist.  apartment Imagine sitting at a notaire's office on the morning of completion, in the middle of a group of anxious strangers and feeling a knot at the pit of your stomach when your selling is reported...