Purchase Tax on second hand Spanish property

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    • September 24, 2006 at 8:36 pm #52282
      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
      😕 😕

    • September 24, 2006 at 8:56 pm #66053
      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.

    • September 24, 2006 at 8:58 pm #66054
      katy
      Blocked

      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

    • September 25, 2006 at 11:47 am #66064
      Anonymous
      Participant

      Thank you both very much for your help

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