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Property in Spain, purchase, sale and  letting in Catalonia

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SIGNATURE FEES AND TAXES

The expenses related to your purchase are as follows :

Count on an average of approximately 1 500 euros for the notary fees (calculated according to a fixed scale), the fees for registration in the register and the management service expenses.

Taxes :

If you buy a resold property, you are obliged to pay the tax on the transfer of property, 7% of the selling price indicated on your deeds of purchase.

If you buy a new property or a property being built by a promoter, then you will have to pay the IVA at 7 %.

The rate of IVA rises to 16 % if you buy plots of land, commercial buildings, or garage spaces.

The "capital gain" is a tax imposed by the town hall, based on the particular zone where the property is located, on the surface of the ground, the cadastral value and the date of the previous notarial deeds.

This tax can vary from a few hundred euros to a few thousand euros for large properties acquired a very long time ago by the vendor.

According to the law, the vendor is obliged to pay this tax. So you will have to keep it back from him.

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