Solicitors, Spanish Conveyancing Services, Property Lawyers - Costa Blanca, Torrevieja, Spain

Rodas Consulting S.L.

Danish Norska Swedish ruso Nederland Nederland Fran�aise

Legal Services

Mortgage Calculator
Taxes on Foreigners in Spain

Taxes on Foreigners in Spain

1. Taxes on the purchase

If you buy a dwelling from a promoter, you pay IVA (VAT).

If you buy a property from a private person, you pay ITP (Impuesto de Transmisiónes Patrimoniales - transfer tax on private assets).

The IVA is 7% for buying a dwelling, but can be 16% on buying a plot, a garage or a swimming pool, separate from the purchase of the dwelling.

The ITP is 6 or usually the 7%.

The tax is always calculated on the value declared in the public title deed (escritura publica). In addition to the tax, you must also pay notary fees and registration costs (around 3%). Normally, it is the buyer both paying the tax and costs.

 

© RODAS CONSULTING SL IS A COMPANY REGISTERED IN SPAIN WITH REGISTRATION
NUMBER B-53805917 AND REGULATED BY THE LAW SOCIETY

Copyright || Disclaimer || Aviso Legal