VAT

I am glad when clients ask me, "What are the fees for buying property in Spain?" First, it shows that you are a serious buyer, and second, it makes my job much easier when transitioning from different topics, such as legal, technical, and financial. We will briefly discuss what you must pay and the available options. However, we have a complete guide on all property taxes on the Costa del Sol,...

Yes, you have to pay tax when you buy property in Spain. The exact tax depends on the type of property. For resale properties, buyers usually pay property transfer tax (impuesto sobre transmisiones patrimoniales, or ITP), which is currently 7% in Andalusia, the region that includes the Costa del Sol. If you buy a new property from a developer, the taxes are different. Typically, buyers pay VAT (IVA)...

Whether you are planning a holiday home, retirement residence or long-term investment, buying property on the Costa del Sol is an exciting step. However, many international buyers are taken aback by the additional purchase costs. When buying property in Spain, you will incur additional costs such as taxes, legal fees and notary expenses. Based on my experience of helping buyers in Benalmádena, I...

Buying a property in Spain can seem complicated at first. Many international buyers ask the same question: how can I buy a property in Spain safely and without any surprises? Having lived on the Costa del Sol for many years and helped clients purchase homes here, I can confirm that the process is actually very straightforward. Yes, I have seen properties with illegal pools, additional rooms and even...

At Costa Prime Realty, I speak with many buyers every day, and every day I answer the same question: 'What are the property taxes?' Well, it depends on the property. There is VAT for new properties, ITP for second-hand properties, AJD for new properties, capital gains tax on property resale, and even wealth tax or income tax on short- or long-term rentals. It also depends on whether you are an EU, non-EU...