Purchase Tax on second hand Spanish property

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This topic contains 3 replies, has 3 voices, and was last updated by Profile photo of Anonymous Anonymous 10 years, 2 months ago.

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  • #52282
    Profile photo of Anonymous
    Anonymous
    Participant

    Hi can anyone give me the current percentage of tax you have to pay on a second hand property if it’s your primary home i.e. only home
    😕 😕

  • #66053
    Profile photo of Anonymous
    Anonymous
    Participant

    Assuming you mean the Impuesto sobre Transmisiones Patrimoniales (ITP) – Transfer Tax paid by the buyer, this is 6 or 7% (depending on area) of the declared value. Doesn’t matter if it’s your only home or not.

  • #66054
    Profile photo of katy
    katy
    Spectator

    Buying; 7%
    Selling : 35% capital gains (unless you are a resident and the profit is used to buy another house). It is said that the caapital gains will be reduced to 18% in Jan but don’t count your chickens… etc

  • #66064
    Profile photo of Anonymous
    Anonymous
    Participant

    Thank you both very much for your help

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