Taxes in Spain

Taxes in Spain


When purchasing a property in Spain, the buyer must take into account additional costs that are required throughout the whole of Spain; these are the buyer’s taxes.

Any natural or legal person, residents and non residents, pay some taxes.

The additional cost is approximately 10-13% of the value of the property.

Please note that the prices are always displayed without taxes.

The primary market of Real Estate:

10% VAT

1% Stamp Duty (AJD)

1% Notary and Registration fees

1% Lawyer fees

Resale property buyer’s taxes:

8-10% Transfer tax (ITP)

1% Notary and registration fees

1% Lawyer fees

The annual cost for the owners:

Annual taxes: Real Estate tax – IBI (0, 3% -0, 5% of the profit-earning value of the property)

Taxes on income of nonresidents IRNR (24% from 2% of the profit-earning value of the property)

The taxes on waste disposal (from 18 € to 200 € per year, depending on the region and urbanization)

Monthly utility charges for the maintenance (from 20 € to 1500 € per month depending on the region and urbanization)

Property insurance – from 150€ per year

Our office assistances or agents will explain in detail any information the buyer needs on taxes or any matter. If you would like us to send you further details about taxes or any other information get in touch with us at info@alemar-realty.com