TAXES FRO SPANISH REAL ESTATE COMPANY IN BARCELONA

Spanish Property Insight Forums Spanish Property Forums Property Questions & Answers TAXES FRO SPANISH REAL ESTATE COMPANY IN BARCELONA

Viewing 1 reply thread
  • Author
    Posts
    • #188605
      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
      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.

Viewing 1 reply thread

The forum ‘Property Questions & Answers’ is closed to new topics and replies.