Taxes when buying a second property

Question

Taxes when buying a second property

Anna Kozina asks:

Good afternoon. In the case of buying a second estate by an individual, is there any exemption from payment of any taxes. The first sold.

22.04.2018

SPAIN. Consultation

Taxes, fees

Expert answers (7)

Elena Kofeynikova (SpainLuxInvest) · Answer 1 · 2018-06-07T18:31

If you are non-residents, then no, but, if the residents, then under certain conditions, there may be. Ask for more detailed advice to tax auditors.

Diana Fartdinova (SOLVIA ) · Answer 2 · 2018-04-25T14:50

Good afternoon Anna, every process of buying a sale is taxed, it does not depend on how many objects you have purchased.

Olga Ulyanova (Дом в Европе) · Answer 3 · 2018-04-24T16:58

Anna, good afternoon! Under the second transaction, the taxation will be the same as for the first one. There are no changes either in the large or in the smaller side due to the fact that the transaction will not happen again.

Elena Gross (EuropaHome) · Answer 4 · 2018-04-24T15:52

Good afternoon, Anna! When investing in real estate funds received from the sale of a property (reinvestment), only a resident of Spain can receive tax benefits, provided that he sold and bought another object as a "basic" housing - i.е. the one in which he and his family live permanently. If you are not a resident of Spain, then these benefits do not apply to you.

Sergey Anikeev (Arcasa Group) · Answer 5 · 2018-04-24T13:59

Anna, good afternoon. If you are not a resident of Spain, then you do not have any benefits. Sincerely, Sergey Anikeev.

Marina (Dom&More) · Answer 6 · 2018-04-24T12:29

Good afternoon, Anna. Unfortunately, you are not exempt from paying taxes on a secondary purchase.

Konstantin Cklyarov (URBANIA MEDITERRANEA COOP.V.) · Answer 7 · 2018-04-24T11:35

Good afternoon Anna! The scheme of buying property in Spain is always the same, the number does not matter. In the Valencian region, the city of Alicante and the neighborhood is 10% of the cost, If the new building is an additional 1.5% stamp duty. Such exemption for citizens who have many children, disabled people, military men, etc., officially living and working / working on the territory of Spain, can be used for exemption or, more precisely, for the payment of the tax on the purchase of housing.