{"id":15238,"date":"2021-06-25T11:53:46","date_gmt":"2021-06-25T09:53:46","guid":{"rendered":"https:\/\/blog.tmgrupoinmobiliario.com\/en\/?p=15238"},"modified":"2021-11-17T11:11:05","modified_gmt":"2021-11-17T10:11:05","slug":"what-taxes-have-to-be-paid-by-non-resident-ex-pats-buying-a-property-in-spain","status":"publish","type":"post","link":"https:\/\/blog.tmgrupoinmobiliario.com\/en\/2021\/06\/25\/what-taxes-have-to-be-paid-by-non-resident-ex-pats-buying-a-property-in-spain\/","title":{"rendered":"What taxes have to be paid by non-resident ex-pats buying a property in Spain?"},"content":{"rendered":"

 <\/p>\n

A few days ago we talked about the\u00a0steps to buying a property in Spain if you are an ex-pat<\/a>, but another very important part of buying a property in Spain is the payment of taxes. Are the taxes the same for residents and non-residents? What taxes do you have to pay when you become a homeowner?<\/p>\n

This article will give you all the information you need.<\/p>\n

The kind of taxes you will have to pay when buying your new home will depend on whether the property is brand new or second-hand.<\/p>\n

If the property is a\u00a0new build<\/strong>\u00a0you will have to pay\u00a0VAT<\/strong>.\u00a0The rate of VAT is 10% of the property’s value.<\/p>\n

If it is public housing, VAT may be 4% depending on the Autonomous Community in which it is located and the type of social housing it is.<\/p>\n

As well as VAT, you must take into account another tax:\u00a0Stamp Duty<\/strong>\u00a0(Actos Jur\u00eddicos Documentados or IAJD)\u00a0<\/strong>This tax is payable upon the signing of a notarised document which is then registered in the Land Registry.<\/p>\n

In the case of second-hand housing, the tax rate varies.<\/p>\n

The most significant is the\u00a0Property Transfer Tax (Impuesto sobre las Transmisiones Patrimoniales or ITP).\u00a0<\/strong><\/p>\n

The rate of this tax depends on two factors: on the one hand, the percentage applied to the registered price, and, on the other hand, the community in which the property is located.<\/p>\n

The normal rate for this tax is between 6% and 10%.<\/p>\n

It is important to remember that in some communities this tax has reduced rates for large families, young people or social housing.<\/p>\n

Finally, don’t forget that notary, land registry, mortgage and agency fees must be added to these taxes.<\/p>\n

If you have any queries regarding the taxation of your new TM property, please don’t hesitate to contact us.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

  A few days ago we talked about the\u00a0steps to buying a property in Spain if you are an ex-pat, but another very important part of buying a property in Spain is the payment of taxes. Are the taxes the same for residents and non-residents? 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