Tax from the purchase of an apartment
Victoria Tyulyanina asks:
Good afternoon. How much is the tax / levy on the purchase of the apartment and what is needed in general for buying a home in Spain? Thank you for your reply in advance.
Expert answers (5)
(Dom&More)
Good afternoon, Victoria. I answer your question.
Expenses for registration and acquisition of residential real estate in Spain:
Notary fees Notario 1%
The fee for entering the Regictro Property Registry from 0.2% to 0.5%
Collection on office work Gestoria 0,2%
IVA VAT 10% of property value
Tax on legal acts AJD 0,5%
Tax Plus Valia, local authorities, the amount depending on the municipality. The percentage is calculated from the total value of the object.
When mortgage lending do not forget about bank costs, depending on the conditions of the mortgage.
In conclusion, I want to say that buying property in Spain, you additionally pay approximately 14% of the value of the object. Do not forget about it, counting your buying opportunities)
If you have additional questions, ask, I will answer.
Expenses for registration and acquisition of residential real estate in Spain:
Notary fees Notario 1%
The fee for entering the Regictro Property Registry from 0.2% to 0.5%
Collection on office work Gestoria 0,2%
IVA VAT 10% of property value
Tax on legal acts AJD 0,5%
Tax Plus Valia, local authorities, the amount depending on the municipality. The percentage is calculated from the total value of the object.
When mortgage lending do not forget about bank costs, depending on the conditions of the mortgage.
In conclusion, I want to say that buying property in Spain, you additionally pay approximately 14% of the value of the object. Do not forget about it, counting your buying opportunities)
If you have additional questions, ask, I will answer.
12.11.2018
(Damlex Realty)
Good afternoon Victoria!
ITP transfer tax (resale):
Catalonia:
up to € 1,000,000 = 10%; more than 1.000.000 € = 11%.
Andalusia:
up to 400.000 € = 8%
400.000 ... 700.000 € = 9%
more than 700.000 € = 10%
When buying a new home, VAT (IVA) = 10%
Tax from jur. Acts = 1.5% (in the case of buying a new home, of the amount in the bill of sale, and / or when you make a mortgage, of the loan amount)
Notary fees = 800 ... 1500 €
Property Registry = 300 ... 600 €
Transaction Auditor = 400 ... 600 €
Independent evaluation of the property = 400 ... 800 € (in the case of mortgage)
Opening a bank loan = 1 ... 1.5%
Property insurance = 300 ... 800 € / year.
The above expenses are paid by bank checks addressed to the relevant institutions.
If you receive a bank loan, these payments are made by a representative of the bank, reserving the fund in your account in advance.
Respectfully,
ITP transfer tax (resale):
Catalonia:
up to € 1,000,000 = 10%; more than 1.000.000 € = 11%.
Andalusia:
up to 400.000 € = 8%
400.000 ... 700.000 € = 9%
more than 700.000 € = 10%
When buying a new home, VAT (IVA) = 10%
Tax from jur. Acts = 1.5% (in the case of buying a new home, of the amount in the bill of sale, and / or when you make a mortgage, of the loan amount)
Notary fees = 800 ... 1500 €
Property Registry = 300 ... 600 €
Transaction Auditor = 400 ... 600 €
Independent evaluation of the property = 400 ... 800 € (in the case of mortgage)
Opening a bank loan = 1 ... 1.5%
Property insurance = 300 ... 800 € / year.
The above expenses are paid by bank checks addressed to the relevant institutions.
If you receive a bank loan, these payments are made by a representative of the bank, reserving the fund in your account in advance.
Respectfully,
29.10.2018
(NOAH)
Victoria, good afternoon! When buying property in Spain, the following taxes are paid:
- IVA tax (VAT), varies depending on the region and ranges from 4% to 10% of the cost of housing under the contract of sale
- AJD tax (primary registration of housing, only for new construction)
- notary and registration expenses
We work in the Costa Blanca region, in our region taxes and expenses for the acquisition of real estate are charged as follows:
New housing:
- IVA tax (VAT) of 10% is charged.
-AJD tax 1,5%
- notarial and registration costs vary from 1.5 to 3%, depending on the amount of the object and the tariffs of the notary and the registration chamber of this zone.
Resellers:
- IVA tax (VAT) is 10%
- notary and registration costs range from 1.5 to 3%
When buying a property using a mortgage loan, the notarial and registration expenses are paid twice as much and range from 3 to 6%. The first time for a loan and again for a contract of sale, depending on the bank may increase these costs.
To purchase real estate in Spain, initially it is the choice of the object and its reservation. For these actions you need a passport and cash in the amount of 3 to 6 thousand euros (you can pay in cash, by bank transfer or by credit card), depending on the value of the object. After drawing up a preliminary contract of sale, you need a minimum number of documents, namely: a passport, certificate 2 NDFL, or another document confirming the legality of income in the territory of the country of which you are a citizen, also an extract from the bank account from which the transfer will be made to Bank of Spain for the purchase of housing. Some banks may request at their discretion additional documents.
Subsequently, before notarizing the purchase and sale, it is necessary to issue a foreigner number and open a bank account in Spain.
- IVA tax (VAT), varies depending on the region and ranges from 4% to 10% of the cost of housing under the contract of sale
- AJD tax (primary registration of housing, only for new construction)
- notary and registration expenses
We work in the Costa Blanca region, in our region taxes and expenses for the acquisition of real estate are charged as follows:
New housing:
- IVA tax (VAT) of 10% is charged.
-AJD tax 1,5%
- notarial and registration costs vary from 1.5 to 3%, depending on the amount of the object and the tariffs of the notary and the registration chamber of this zone.
Resellers:
- IVA tax (VAT) is 10%
- notary and registration costs range from 1.5 to 3%
When buying a property using a mortgage loan, the notarial and registration expenses are paid twice as much and range from 3 to 6%. The first time for a loan and again for a contract of sale, depending on the bank may increase these costs.
To purchase real estate in Spain, initially it is the choice of the object and its reservation. For these actions you need a passport and cash in the amount of 3 to 6 thousand euros (you can pay in cash, by bank transfer or by credit card), depending on the value of the object. After drawing up a preliminary contract of sale, you need a minimum number of documents, namely: a passport, certificate 2 NDFL, or another document confirming the legality of income in the territory of the country of which you are a citizen, also an extract from the bank account from which the transfer will be made to Bank of Spain for the purchase of housing. Some banks may request at their discretion additional documents.
Subsequently, before notarizing the purchase and sale, it is necessary to issue a foreigner number and open a bank account in Spain.
1.10.2018
(Distant Property)
Victoria, good afternoon. The costs of buying a property in Spain are distributed as follows:
1. VAT for the purchase of real estate
For primary real estate - 10%;
For secondary real estate - 7% of the value of the object
2. Gathering fee -1% of the transaction amount
3. The state. Notary fees and services - About 2% of the cost of the object
4.General of the lawyer - About 1% of the transaction amount
5. Fee for registration of the identification number of the foreigner -10 euros
1. VAT for the purchase of real estate
For primary real estate - 10%;
For secondary real estate - 7% of the value of the object
2. Gathering fee -1% of the transaction amount
3. The state. Notary fees and services - About 2% of the cost of the object
4.General of the lawyer - About 1% of the transaction amount
5. Fee for registration of the identification number of the foreigner -10 euros
1.10.2018
(Мультифункциональный центр Испании)
Good afternoon ! The tax will be 10%. It is necessary to design NIE and, accordingly, money. We will be happy to help you.
1.10.2018
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