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do i have to pay any tax when buying a property

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Posted: Tue Jan 31, 2017 1:04pm
5 replies29 views2 members subscribed

do i have to pay any tax when buying a property

AndyP

Tue Feb 7, 2017 8:16am

Posts: 52

Location: Estepona

22 helpful posts

Posted: Tue Feb 7, 2017 8:16am

A short question with a wide ranging answer. The short answer is yes. Take a look here as it explains things quite well:

https://www.spanishpropertyinsight.com/buying-property-in-spain/costs/

Basically, however, you will pay a property transfer tax if you buy a resale, VAT and stamp duty if you buy a new build. Income tax on the property annually. Plus, of course, the various fees associated with a property purchase, notary fees, estate agency fees, mortgage (if you requite one) fees, the list goes on and, at the time, feels like its never ending but it does settle down (eventually).

Don't let all that put you off, you just need to be aware of it and factor it all in.

I hope that helps.

simonchandler

simonchandler

Original Poster

Sat Feb 11, 2017 9:22pm

Posts: 9

Location: Málaga

Posted: Sat Feb 11, 2017 9:22pm

hi im looking for a bed room to rent , im looking to buy a property in benalmadena area, so this would be the best location if anyone can help..thank you 

barry44

Mon Jan 7, 2019 3:26pm

Posts: 12

3 helpful posts

Posted: Mon Jan 7, 2019 3:26pm

Hi

When buying property in Spain you need to allow 10% on the purchase price to cover

notary and Registry costs also transfer tax 8% .Fees for water ,electricity companies are also required.

Regards Barry 44.

AndyP

Mon Jan 7, 2019 3:58pm

Posts: 52

Location: Estepona

22 helpful posts

Posted: Mon Jan 7, 2019 3:58pm

This thread was posted a year ago....in January 2017

barry44

Tue Jan 8, 2019 1:06am

Posts: 12

3 helpful posts

Posted: Tue Jan 8, 2019 1:06am

sorry ,thought it was a live question.

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