The term property it comes from a Latin word that serves to refer to something that it is linked to the land in an inseparable way, both physically and legally . That is, a structure that cannot move without causing damage.
The buildings , the houses and the plots or land They are real estate. This type of goods they are part of what is known as real estate , since they are intimately linked to the ground. It is common for real estate to be part of a registry that gives the owner greater protection.
In any case, although a land can also be considered a property, the concept is often used more frequently to refer to the architectural structures that are called households . Some phrases in which the term may appear are: "As you can see, it is a high-class property, with marble floors and luxurious details in bathroom, kitchen and bedrooms", “The best thing you can do with your savings is to invest in real estate”, "The investigation showed that the suspect has three properties not declared in Patagonia".
Unlike real estate, the movable property , are those who can move from one place to another while retaining their integrity. Cars, motorcycles, boats and airplanes are examples of movable property.
There are other differences between both types of elements. For example, in theory real estate is more expensive than movable property, although this is not always the case. Another common difference is that real estate is mortgage objects and furniture, usually, is not.
In turn, it should be mentioned that between both types of goods there are legal differences. The properties can be registered in the Land Registry, while the others cannot; the furniture cannot be mortgaged, while the real estate can; To name two differences.
Types of Real Estate
There are various types of real estate. These are:
* Properties by nature : those inherent to the ground (land, solar, etc).
* Properties by incorporation : buildings under construction.
* Properties by destination : movable property that comes next to a property and that favors it (farm or mining utensils).
* Properties by analogy : they are called mortgage concessions.
* Properties by accession : elements that are part of the property but that in themselves are furniture. For example doors and windows (in the factory they are furniture but installed in a house they become real estate).
* Properties by representation : documents that grant ownership; for example the writing of a house to its owner.
Property Taxes
There are several taxes that apply to real estate, such as taxes that levy the property and are set according to the cadastral value or income taxes (when the property is not used by its owner).
The IBI (Property Tax) is a tax that must be paid on a mandatory basis each time a property is acquired. It is valued around the value of said good and grants the buyer the legal and real rights of ownership of the product. Said tax must be paid in the municipality that collects the tax. This tax should be managed taking into account the information cited in the cadastral register and state property documents. This register is in the corresponding municipality and records all the properties that are within the jurisdiction. It should be reviewed annually to update the transactions carried out around the properties that are registered there.
Other taxes that may be imposed on real estate are the Tax on the increase in the value of urban land (If the value of the land increases, so does the value of the property and therefore the tax to be paid for it), the Income tax (of a direct nature and personal nature that must be paid by natural persons in a certain time) and the Wealth tax (Taxes the net worth of natural persons).
