Discover the costs and taxes associated with the purchase of property in Spain. Just like in Belgium and the Netherlands, there are various costs that you have to pay, such as services from the land registry, notary and any valuation costs. In addition, there are certain taxes that you must take into account, including the transfer tax and the annual WOZ or Cadastral Income.
NEW CONSTRUCTION – 13,2 %
10% VAT
1% Land Registry / Registro / Notary
1% Lawyer who takes care of all legal matters, checks bank guarantees, provides utility connections, NIE nr, …
+/- 1.2% AJD stamp duty (Actos Juridicos Documentados)
EXISTING HOUSE – 9 %
7% registration fees, ITP (Impuesto sobre Transmisiones Patrimoniales )
1% Land Registry / Registro / Notary
1% Lawyer who takes care of all legal matters, checks bank guarantees, provides utility connections, NIE nr, …
