Your Spanish property company is costing you more

than you think.

You set up a Sociedad Limitada to buy your property in Spain. It made sense at the time. But today, the annual costs of running that company, accounting, tax filings, registry fees, often far outweigh any benefit. We dissolve Spanish property SLs for expats and non-residents, fully remotely.

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What’s Included

Full-service management

Everything included. You just approve each step.

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Shareholder meeting and resolution

We coordinate the Extraordinary General Meeting, virtually if needed. Draft the dissolution and ensure it meets the legar quorum requierements under Spanish company law.

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Digital notary deed

Deeds of dissolution and winding-up are signed remotely via our certified digital notary. They are fully valid under the Notarial Act. You do not need to come to Spain.

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Mercantile Registry filing

We file the dissolution registration and, at the end of the process, the extinction cancellation with the provincial Mercantile Registry. All filings are done electronically.

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ITP Form 600 — Andalusia

The Corporate Operations Tax applicable to the distribution of assets to shareholders is filed with ATRIAN (the Andalusian Tax Agency) within the mandatory 30-working-day deadline.

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Final Corporation Tax return

We prepare and file the company’s final Form 200 Corporation Tax return for the abbreviated fiscal year ending on the extinction date, ensuring no outstanding obligation is left open.

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Full AEAT deregistration

We deregister the company from the AEAT’s Business Register via Form 036, and manage the deregistration of any corporate autónomos from the RETA social security system.

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Property within the SL: If your SL still holds the property at the time of dissolution, the property is distributed to shareholders as part of the liquidation. This triggers an ITP assessment (1% of the value distributed) and may have personal income tax (IRPF or IRNR) implications for the shareholders. We calculate this for you before the process begins — no surprises.

Sound familiar?

This was meant to save you money.

In the 2000s and early 2010s, thousands of British, German, Dutch and Scandinavian buyers were advised to purchase their Spanish property through a Sociedad Limitada. The pitch was compelling: lower inheritance tax, better asset protection, easier transfer of ownership.

What nobody told them clearly was that running a Spanish SL, even a dormant one that owns just a holiday home, requires annual accounting, yearly tax filings, Mercantile Registry deposits, and a gestoría. Every year. Whether or not you ever use the property.

“I’ve been paying €1,200 a year in accountancy fees for a company that owns a flat I visit three weeks a year. Nobody told me I could dissolve it.”

— Client, Marbella area · Dissolved 2025

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Annual Corporation Tax — even at zero

Your SL must file a Corporation Tax return (Form 200) every year, even if the company has no activity and zero income. Miss a year and penalties accumulate automatically.

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Mercantile Registry annual accounts deposit

Every Spanish SL must deposit its annual accounts with the Mercantile Registry each year. Failure triggers fines of €1,200 to €60,000 depending on company size and years of non-compliance.

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Gestoría fees: €600–€2,000 per year

A Spanish SL with a property requires a local accountant or gestoría every year. For a company holding a holiday home, this recurring cost often makes no financial sense.

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Director personal liability risk

If the company has any outstanding debts or unfiled returns, the director can be personally held liable. Supreme Court Ruling 806/2023 made this enforcement more active.

Transparent pricing

What does it actually cost?

No hidden fees. We give you a fixed-price quote before you commit to anything.

Cost item	Amount	Notes
LibreTax advisory fees (full process management)	From 300€ + VAT	Fixed quote provided upfront. Varies only if additional complexities arise (unfiled accounts, debts).
Digital notary fees (dissolution + extinction deeds)	From 600€	Typically 1–2 deeds depending on process. Signed online, no travel cost.
Mercantile Registry (registration + BORME publication)	300€ – 600€€	Provincial registries vary slightly. Filed electronically by LibreTax.
ITP, Corporate Operations Tax (Form 600, Andalusia)	1% of distributed assets	If the liquidation estate is €0 (all debts paid, no surplus), tax charge is also €0.
Final Corporation Tax return (Form 200)	Variable	May be €0 if the company has no taxable profit in its final fiscal period.

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Shareholder income tax is separate: When you receive your share of the liquidation distribution, you may owe personal income tax (IRPF if Spanish resident, IRNR at 19–24% if non-resident) on the capital gain — the difference between what you receive and what you originally paid for your shares. We calculate this for you before the process starts so there are no surprises at the end.

How it works

8 steps.
2 to 4 months.
You in control.

We manage every step. You simply approve and sign at the key moments — from wherever you are.

Free initial assessment

We review your company’s status, outstanding filings, and any debts before recommending the dissolution route.

Call the Extraordinary General Meeting

We draft the meeting notice and dissolution resolution. Can be held virtually. Required quorum: 75%+ of share capital.

Digital notary deed of dissolution

Signed online. All shareholders and directors present digitally.

Mercantile Registry, dissolution registration

Filed within 1 month of the deed. Company now trades as “en liquidación”. All third parties notified via BORME.

Liquidation: assets and debts settled

We prepare the inventory, ensure all debts are cleared, and coordinate any asset transfers to shareholders.

Final balance sheet approval

Shareholders review and approve the final distribution. One-month challenge period before extinction can proceed.

Digital notary deed of extinction

The company is formally extinguished. Registered and cancelled in the Mercantile Registry. BORME publication.

Tax deregistrations & final filings

Form 036 AEAT deregistration, ITP Form 600 with ATRIAN, and final Form 200 Corporation Tax return. Done.

Indicative timeline

Initial assessment & preparation1–2 weeks

General meeting & notarial deed1–2 weeks

Mercantile Registry — dissolution1–4 weeks

Liquidation phase2–6 weeks

Final balance & shareholder challenge period1 month

Extinction deed & registry cancellation1–2 weeks

Final tax filings2–4 weeks

Total process2–4 months

What if the company has unfiled accounts?

Many property SLs have missed annual account deposits for several years. We can regularise the outstanding filings before starting the dissolution process. This adds time and cost but is always better than leaving the situation unresolved. Tell us your company’s situation in your initial consultation and we’ll give you an honest assessment.

Frequently asked questions

Your questions answered

Do I need to travel to Spain to dissolve my SL?

No. LibreTax uses a certified digital notary service. The dissolution and extinction deeds are signed via biometric video conference. Shareholders and directors can be anywhere in the world. This is fully valid under Spain’s Notaries Act (Ley del Notariado) and has identical legal effect to an in-person signing.

What happens to the property when the SL is dissolved?

If the SL still holds the property at the time of dissolution, the property is distributed to shareholders as part of the liquidation. This triggers an ITP assessment at 1% of the property’s value, and may have personal income tax implications (capital gains) depending on the difference between the property’s attributed value and the shareholders’ original investment in the company. We calculate this before the process starts.

Can I dissolve the SL and keep the property in my own name?

Yes. When the SL is dissolved, if the property is the only asset, it is distributed directly to you as shareholder. After the process, you own the property personally — not through the company. This is the most common outcome for property holding SLs. You will need to update the Land Registry entry to reflect the change of ownership from the company to you personally.

My SL has not filed annual accounts for several years. Can it still be dissolved?

Yes, but the unfiled accounts must typically be regularised before or as part of the dissolution process. This adds cost and time, but is always the correct approach. Continuing to ignore the situation only increases fines and liability exposure. We assess the exact situation in our initial consultation and give you a realistic picture of what regularisation involves before you commit.

How much does it cost to dissolve a property SL in Andalusia?

For a standard property SL with no outstanding debts or unfiled accounts: LibreTax fees from 300€ + VAT, notary 300–600€, Mercantile Registry 150–250€, and ITP at 1% of assets distributed. Total indicative cost excluding personal income taxes: approximately €750–€1,150 + VAT. We provide a fixed-fee quote before you commit.

What if the SL has debts with the Spanish Tax Agency?

If the company has outstanding tax debts that it cannot pay from its own assets, voluntary dissolution is not the legally correct route — insolvency proceedings (concurso de acreedores) may be required. We identify this in the initial assessment. If the SL can pay its debts (including from the proceeds of a property sale), voluntary dissolution proceeds normally.

How long does the full dissolution process take?

For a standard property SL: 2 to 4 months from the Dissolution Meeting to the final registry cancellation. The main variable is the processing time of the provincial Mercantile Registry, which ranges from 1 to 4 weeks depending on workload. Málaga Registry currently processes within 2–3 weeks on average.

Is it better to sell the property first and then dissolve, or dissolve first?

It depends on your situation. If you want to sell the property while it’s still in the SL, the company must be in good standing (accounts up to date, NIF active) to execute the sale deed. If you want to take the property out of the SL first and then sell it personally, that adds an extra step but may have different tax implications. We advise on which route is more tax-efficient for your specific circumstances in the initial consultation.

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Spanish taxes — properly?

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