Purchase Taxes & Costs | Abode International | Luxury Real Estate Marbella

Property Purchase Costs & Taxes


TRANSFER TAX (I.T.P)Payable by the buyer for the purchase of any Real Estate (villas, flats, land, commercial premises, garages), provided the vendor is not a developer or normally trading in the business of resale properties. If the “minimum fiscal value” of the property as per the Regional Government, is greater than the price, then the minimum fiscal valuation applies: 8% is applicable up to the amount of 400,000€ or 30,000€ in the case of garages except those belonging to the dwelling and with a maximum of two; 9% is applicable to the amount between 400,000€ and 700,000€ or between 30,000€ and 50,000€ for garages; 10% is applicable to the amount exceeding 700,000€ or 50,000€ for garages.	Scaled at8%9% 10%
VAT AND STAMP DUTY Villas, apartments, or a garage that is annexed to an apartment or villa, where the vendor is a developer, promoter or habitual trader for brand-new properties. First sale or resale of parcels of land, and for the first sale of brand- new commercial premises where the vendor is a developer, promoter or habitual trader or a company.	10 % + 1.5% 21% + 1.5%
NOTARY AND PROPERTY REGISTRY FEES The cost increases according to the number of pages or complexity of the title deed, and value of the property.	+/- € 3,000
MUNICIPAL ADDED VALUE TAX (PLUS VALÍA)This can be as little as a few hundred Euros or as much as many thousands of Euros on a property with a lot of land that has not changed hands in many years. It is a tax by the town hall based upon the increase in the index value of a property between the year of purchase to the year of sale. This tax corresponds, by its nature, to the vendor who is responsible for its payment, unless otherwise negotiated.
LAWYER’S FEESThese are in the order of 1% of the selling price, more or less, depending on the lawyer and the price of the property.	1%