TAXES FRO SPANISH REAL ESTATE COMPANY IN BARCELONA

[IdoNir]

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

[Mark Stücklin]

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.

[Author]

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