Purchase Tax on second hand Spanish property

Spanish Property Insight Forums Spanish Property Forums Spanish Real Estate Chatter Purchase Tax on second hand Spanish property

Viewing 3 reply threads
  • Author
    Posts
    • #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
      πŸ˜• πŸ˜•

    • #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.

    • #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

    • #66064
      Anonymous
      Participant

      Thank you both very much for your help

Viewing 3 reply threads
  • You must be logged in to reply to this topic.