ITP property transfer tax
Latest articles about ITP property transfer tax
All transactions are taxed and even more so if they involve real estate. This year there have been several new developments related to taxes in Spain, specifically those regarding municipal capital gains, property and personal income.
On buying a home in Spain, the first point is to determine whether you are buying new build (off-plan or sobre plano, in Spanish) or else a resale (second-hand property or reventa, in Spanish). Two different sets of taxes apply depending on which property type you acquire.
Normally, when an individual or company requests a loan from a relative or a mortgage from a financial institution, it is not repaid on time or at least until it is claimed.
In many home sales the price does not match the appraised value. When a property is overvalued, it can be both beneficial and problematic for the buyer.
The Plenary Session of the Congress of Deputies in Spain has rejected the Royal Decree Law 21/2018, of 14th December, on urgent measures of housing and rent by 241 votes against, 103 votes in favour and 1 abstention.
When a taxpayer acquires a home in Spain, he or she can use the website of the Tax Department of the autonomous community they’re in to find out what the property is worth for the purpose of paying the ITP or ISD tax (depending on where it is) and avoid overpaying.
Everyone knows how much of a headache buying a house can be, even if it’s your first time… especially if it’s your first time! Always ready to lend a helping hand, idealista guides you through the 12 simple steps to follow to buy a house in Spain.
If you’re moving to Spain permanently and becoming a Spanish resident, you will need to register your vehicle in the country. From that moment on, you have six months in which to register your car with the authorities.
If you are a homeowner and you’re thinking about putting your property on the rental market, there are three types of contracts that exist in the market that you should know about.
Interest rates for mortgage loans are at a low right now, and it’s possible to can earn more than 7% each year if you invest in a property in Spain. But where to invest, and what are the basic things you must consider?
ITP (Impuesto sobre Transmisiones Patrimoniales y Actos Jurídicos Documentales), in English Property Transfer Tax and Documented Legal Acts, is an indirect tax which is applied to onerous transfers of property, in other words operations of exchange of wealth or assets between living persons (such as
Many Spanish Autonomous Communities have already approved their budgets for this year, pre-empting the government, which hopes to be able to present its General Budget of State 2018 before Easter.