Taxes related to buying real estate in Spain.
Buying a property in Spain involves knowing the main tax rules applicable. Some taxes are due at the time of acquisition, while others relate to the possession or resale of the property.
Whether you are buying a second home, a rental investment or planning to move to Spain, it is important to anticipate these tax obligations before signing.
Taxes to be paid upon acquisition
You are buying an old property
The buyer is subject to the Tax on Patrimonial Transfers (ITP). This tax is levied by the Autonomous Community and its rate may change according to the regulations in force.
You are buying a new property
Homes sold directly by a developer are subject to Spanish VAT (IVA) as well as stamp duty (AJD). The applicable tax regime therefore depends on the type of property purchased.
The taxes you will pay as a homeowner
The IBI
The IBI is the Spanish equivalent of property tax. It is collected each year by the municipality where the property is located and its amount depends in particular on the cadastral value.
The tax on household waste
Most municipalities charge a tax to finance waste collection and treatment.
Non-resident tax
Non-resident owners may be subject to specific taxation. When the property is rented, rental income also follows special rules.
The IBI is the Spanish equivalent of property tax. It is collected each year by the municipality where the property is located and its amount depends in particular on the cadastral value.
The tax on household waste
Most municipalities charge a tax to finance waste collection and treatment.
Non-resident tax
Non-resident owners may be subject to specific taxation. When the property is rented, rental income also follows special rules.
What if you rent out your property?
The income generated by a rental is taxable in Spain. The tax regime varies depending on your tax residence, the type of rental and the applicable tax treaties.
Taxes on resale
In the event of resale, a tax on the capital gain, certain local taxes and reporting obligations may apply depending on your situation.
Taxation is different for each situation
The amount of taxes depends on your tax residence, the type of property, its use and the regulations in force.
Why get support?
Being well informed allows you to avoid administrative errors, anticipate future costs, choose the right acquisition method and secure your investment.
FAQ
Are taxes the same throughout Spain?
No. Some taxes are set by the Autonomous Communities.
Do I have to pay taxes even if I don't live in Spain?
Yes. Non-resident owners may be subject to specific taxation.
Is rental income taxable?
Yes.
Will I pay taxes on resale?
Depending on your situation and the capital gain realized, taxation may apply.
Can I benefit from support?
Yes. A personalized study makes it possible to identify the applicable taxes.
Are taxes the same throughout Spain?
No. Some taxes are set by the Autonomous Communities.
Do I have to pay taxes even if I don't live in Spain?
Yes. Non-resident owners may be subject to specific taxation.
Is rental income taxable?
Yes.
Will I pay taxes on resale?
Depending on your situation and the capital gain realized, taxation may apply.
Can I benefit from support?
Yes. A personalized study makes it possible to identify the applicable taxes.
Do you have a project to buy a property in Spain?
Each acquisition has its own tax specificities. We explain the main taxes applicable to your project and guide you so that you can buy with peace of mind.
Contact Immo Consulting Brokers to benefit from personalized support.
Contact Immo Consulting Brokers to benefit from personalized support.
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At Immo Consulting Brokers, we guide you at every stage of your acquisition: budget estimate, property search, administrative procedures and signature at the notary's office.
Contact us today to make your real estate project in Spain a reality.