English | 

Taxes And Expenses

Depending on the type of property you are purchasing, we can distinguish between two types of situations for the taxes and expenses of purchasing a property: first transmission and second transmission or resale.

In the case of a resale property, the following taxes and expenses are applicable:

  • Transfer Tax: Until the 31st of December 2021 the Transfer Tax went from 8, 9 and 10% to a flat rate of 7% regardless of the sales price of the property.
  • Notary fees: all notaries charge the same fees for transactions as these fees are determined by the authorities and depend on the nature of the purchase and the number of sheets present in the deed of purchase. This fee usually ranges between 500 and 1,800 EUR.
  • Land Registry fees: this fee is also determined by the authories and is usually between 50-70% of the notary fee.
  • Legal fees: 1% of the property purchase price + 21% VAT

In the case of a new property, the following taxes and expenses apply:

  • VAT 10% for residential properties and 21% for plots, garages and storage rooms.
  • Stamp Duty (1,2% for Andalusia)
  • Notary fees: all notaries charge the same fees for transactions as these fees are determined by the authorities and depend on the nature of the purchase and the number of sheets present in the deed of purchase. This fee usually ranges between 500 and 1,800 EUR.
  • Land Registry fees: this fee is also determined by the authories and is usually between 50-70% of the notary fee.
  • Legal fees: 1% of the property purchase price + 21% VAT.

Download our guide

Download

Contact


Request more information

I´m interested, tell me more.