Property Lawyer in Pego for American Citizens
Dedicated legal services for US citizens buying, selling or managing real estate in Pego and the Vall de Pego, Costa Blanca
Why Americans Are Discovering Pego
Pego is a hidden gem in the Costa Blanca interior that is increasingly attracting American buyers looking for authentic Spain. Situated in the fertile Vall de Pego valley with mountain views in every direction, this traditional market town offers excellent value, a thriving local culture and easy access to both the coast and the AP-7 motorway. The protected Marjal de Pego-Oliva wetlands add a unique natural dimension to the area.
American citizens face specific compliance requirements when owning foreign property, including FATCA reporting, FBAR filings for Spanish bank accounts exceeding $10,000, and IRS Schedule E for rental income. Our law office in nearby Jávea provides end-to-end legal support for your Pego property purchase with full attention to US tax reporting obligations.
Our Legal Services for Americans in Pego
Purchase Conveyancing
Comprehensive legal support for buying in Pego. Title verification at the Land Registry, planning checks, contract negotiation and notary completion.
FATCA & IRS Compliance
Guidance on FATCA reporting, FBAR requirements for Spanish bank accounts over $10,000, IRS Form 1040 Schedule E for rental income and the US-Spain tax treaty provisions.
Sale & Capital Gains
Legal assistance selling your Pego property, managing the 3% retention, coordinating Spanish CGT with IRS reporting and claiming foreign tax credits.
NIE & Administration
NIE number application, power of attorney, Spanish bank account opening and utility setup for your property in Pego.
Property Areas in Pego
Pego Centro
Traditional town centre with renovated townhouses, local restaurants and the vibrant weekly market in the heart of Pego.
Marjal de Pego-Oliva
Properties near the protected marshlands, offering incredible biodiversity, walking trails and a serene natural environment.
Monte Pego
Elevated urbanisation with detached villas and spectacular panoramic views stretching from the mountains to the Mediterranean.
La Atzubia
Quiet neighbouring village with country properties and fincas, perfect for buyers seeking space and rural tranquillity.
Key Authorities for American Buyers
Land Registry
Registro de la Propiedad de Dénia – title searches and registration
Notary
Notaría de Pego – notarial deeds and public documents
Town Hall
Ayuntamiento de Pego – licences and municipal taxes
US Consulate General
Barcelona – consular services for American citizens
Frequently Asked Questions – Americans & Property in Pego
What are my FATCA obligations as a US property owner in Spain?
Under FATCA, your Spanish bank will report your account information to the IRS automatically. You must also file FBAR (FinCEN Form 114) if your Spanish bank accounts exceed $10,000 at any point during the year. Property ownership itself triggers reporting if held through a foreign entity.
What taxes do I pay when buying in Pego?
Resale properties carry a 10% ITP (Transfer Tax) in the Valencia region. New-build properties attract 10% IVA (VAT) plus 1.5% AJD (stamp duty). Total purchase costs including all fees typically run 12-14% of the price.
How does the US-Spain tax treaty prevent double taxation?
The tax treaty allows you to claim a Foreign Tax Credit (IRS Form 1116) for property-related taxes paid in Spain. This means the taxes you pay on rental income or capital gains in Spain can be credited against your US tax liability on the same income.
Do I need an NIE to purchase property?
Yes, the NIE (Número de Identidad de Extranjero) is required for all property transactions, tax payments and banking in Spain. We process the application for you at the Dénia police station or via the Spanish consulate in the US.
What due diligence does the lawyer perform?
We verify ownership titles at the Land Registry, check for outstanding mortgages and liens, confirm building permits and certificates of occupancy, verify cadastral boundaries and ensure no unpaid municipal taxes or community fees exist.
Can I manage the purchase from the United States?
Yes. With an apostilled power of attorney, your lawyer can complete the purchase at the notary on your behalf. The power of attorney can be prepared at a US notary public and apostilled by the Secretary of State.