Taxes when buying a property:

New property (from a developer):

• VAT: 10% of the purchase price.
• Documented Legal Acts (AJD): 1–1.5% depending on the region (1.2% in Andalucía).
• Approximate total: 11–12% of the price.

Second-hand property (from an individual):

• Transfer Tax (ITP): 7% in Andalucía.
• Approximate total: 7% of the price.

Additional costs:

• Notary and registration: ~1% of the price.
• Legal fees: ~1% + VAT.
• Bank or mortgage expenses: 1–2% of the loan.
• Translator or Power of Attorney: 100–300 EUR.

Annual taxes:

• IBI (Property Tax): 0.4–1.1% of the cadastral value.
• Garbage: a few hundred euros per year.
• IRNR (Non-Resident Income Tax): 0.2% of the cadastral value if not renting, or 24% on rental income.

Planning taxes from the start allows you to calculate the real cost of your investment and avoid surprises. At Catalá Luxury Real Estate, we help you understand every fiscal detail and ensure your investment is safe and profitable.

Contact us for a personalized assessment of the taxes on your future property in Spain.