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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
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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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