Reply To: TAXES FRO SPANISH REAL ESTATE COMPANY IN BARCELONA

#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.