ITP property transfer tax

Taxes in Spain differ depending on whether you are buying a new-build (from a developer) or resale property (second-hand property or reventa, in Spanish). In addition to the above, taxes are not uniform in Spain.

Buying in Spain can feel deceptively straightforward. You find a place you love, agree on a price, sign a few documents at the notary and pick up the keys.

Before you start house-hunting in earnest, it’s important that you know what you’re letting yourself in for financially.

The Valencian Council has approved a decree law establishing extraordinary tax measures to provide immediate support to families and companies affected by the recent floods for those taxes over which the Valencian Community has regulatory powers.

The President of the Xunta de Galicia, Alfonso Rueda, announced, in the Debate on the State of the Autonomy, that his Government will reduce the Property Transfer Tax to 8% from 2024 and will automatically grant the "Tarxeta Benvida" to all households that meet the income requirements without needin

When buying a property in Spain, whether it's a holiday home or permanent residence, you will have to pay some sort of tax.

Home swaps have been growing in recent months in Spain, as a result of the emergence of covid-19. This alternative to traditional sales and purchases have now totalled 1,230 transactions between January and September, according to the INE.

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.

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. On 19th December 2018 the reform of the rental market prepared by the Spanish Gove

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!

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.

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.

With the upward trend in property prices, buyers want to find their dream home without going overbudget. As such, the key is to get the seller to lower the price of the house.

The cost of buying a house is more than just your monthly mortgage payments.