TAXES FRO SPANISH REAL ESTATE COMPANY IN BARCELONA

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This topic contains 1 reply, has 2 voices, and was last updated by Profile photo of Mark Stücklin Mark Stücklin 12 months ago.

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  • #188605
    Profile photo of IdoNir
    IdoNir
    Participant

    Hello, my name is Ido Nir an Israeli Real Estate  promoter.

    I am staying in BCN in purpose yo find good investments for big Real Estate company in Israel

    I have one questions that my client asking me and i could not be sure in the answers,

    the question is:

    what is the tax for purchase as a spanish limited company??

     

    thank you very much

  • #188625
    Profile photo of Mark Stücklin
    Mark Stücklin
    Keymaster

    Ido,

    It depends what you are buying and what for.

    If a company purchases second hand residential property the tax is the same as for a private individual – namely 10% ITP (plus notary and registry fees).

    If you are buying new build, then 10% VAT, which might be tax deductible to some extent – it depends on how you structure it.

    If you are buying second hand to refurbish and sell, then 3% ITP.

    If you use a Spanish SOCIMI structure, then you pay very little tax.

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