News: Property taxes when buying or selling property in Spain
If you are considering buying property in Orihuela Costa and Torrevieja, you have come to the right place, as we can help you throughout the process. Today we will give you some information on the taxes you will have to pay when buying a house in Spain.
Taxes payable at the time of the purchase or sale include:
- Resale purchase tax: when buying resale property (as opposed to brand new) you are required to pay the Impuesto de Transmisiones Patrimoniales. This transfer tax is now 10% in the Valencia Community.
- New properties purchase tax: buyers of brand new houses in Spain have to pay 10% IVA (VAT). If you buy land, commercial premises or parking spaces in garages, then the VAT payable rises to 21%.
- Increased patrimony tax: when a property sale occurs in Spain, a capital gains tax must be paid by the seller. That is the difference between the current sale price and the price paid by seller when he/she originally purchased the property. The local authorities determine how much "plusvalía" is payable.
In any case, these are only a few general guidelines and we advise you to contact us to study your particular case. The amount you pay and how you pay will depend on your specific circumstances.
Featured Properties
- Sea viewClose to sea
Apartment - Resale
Spain - Alicante / Costa Blanca South - Punta Prima
Ref.: 1363 70m2 2 2 - Close to sea
Apartment - Resale
Spain - Alicante / Costa Blanca South - Playa Flamenca
Ref.: 1753 84m2 2 2 - Close to sea
Apartment - Resale
Spain - Alicante / Costa Blanca South - La Zenia
Ref.: 1375 73m2 2 2 - Sea viewClose to sea
Apartment - Resale
Spain - Alicante / Costa Blanca South - Punta Prima
Ref.: 1367 120m2 2 2 - Close to sea
Commercial Property - Resale
Spain - Alicante / Costa Blanca South - La Zenia
Ref.: N091 100m2 0 0 - EXCLUSIVE
470.000€449.000€Villa - Resale
Spain - Alicante / Costa Blanca South - Ciudad Quesada - Doña Pepa, Quesada
Ref.: D1356 157m2 4 2 -
Apartment - Resale
Spain - Alicante / Costa Blanca South - Punta Prima
Ref.: 1634 65m2 2 1 - Sea viewClose to sea
Apartment - Resale
Spain - Alicante / Costa Blanca South - Playa Flamenca
Ref.: 1364 72m2 2 1 - Sea viewClose to sea
Apartment - Resale
Spain - Alicante / Costa Blanca South - Punta Prima
Ref.: 1532 66m2 2 1 -
Apartment - Resale
Spain - Alicante / Costa Blanca South - Villamartin
Ref.: 1371 74m2 2 2 - Sea viewClose to sea
Apartment - Resale
Spain - Alicante / Costa Blanca South - Punta Prima
Ref.: 1359 76m2 2 2 - Sea viewEXCLUSIVEClose to sea
Apartment - Resale
Spain - Alicante / Costa Blanca South - Torrevieja
Ref.: D1730 80m2 3 2 - Close to sea
Apartment - Resale
Spain - Alicante / Costa Blanca South - Torrevieja
Ref.: 1380 68m2 2 1 - Sea viewClose to sea
Apartment - Resale
Spain - Alicante / Costa Blanca South - Punta Prima
Ref.: 1536 85m2 3 2 -
Villa - Resale
Spain - Alicante / Costa Blanca South - San Miguel De Salinas
Ref.: 1381 244m2 3 3
Latest properties
-
Villa - New build
Spain - Alicante / Costa Blanca South - Lo Romero
Ref.: ON1823 122m2 3 3 -
Apartment - Resale
Spain - Alicante / Costa Blanca South - Torrevieja
Ref.: 1651 61m2 2 1 -
Town House - Resale
Spain - Alicante / Costa Blanca South - Los Altos
Ref.: 1652 85m2 3 2 -
Semi Detached House - Resale
Spain - Alicante / Costa Blanca South - Playa Flamenca
Ref.: 1653 102m2 3 2 -
Villa - New build
Spain - Alicante / Costa Blanca North - Pinoso - Lel
Ref.: ON1822 185m2 3 3 -
Villa - New build
Spain - Alicante / Costa Blanca North - La Romana - Las Batistes
Ref.: ON1821 115m2 2 2 -
Penthouse - Resale
Spain - Alicante / Costa Blanca South - Torrevieja
Ref.: 6173 108m2 3 1 -
Penthouse - New build
Spain - Alicante / Costa Blanca South - Pilar de La Horadada - Torre De Horadada
Ref.: ON1820 121m2 3 2 -
Apartment - New build
Spain - Alicante / Costa Blanca South - Pilar de La Horadada - Torre De Horadada
Ref.: ON1818 80m2 2 2