Guide to taxes in Spain
When buying a property in Spain, you need to take into account that your total costs will be increased by fees and taxes of around 12-13% of the purchase price.
![Guide to taxes in Spain](/files/country_posts/cover_image/88/30/8830afe86f94cfa51ae8b72f2a0f99b5/dane-a-poplatky-spanelsko-mojenemovitostumore.cz-15_w480.jpeg)
When buying a property in Spain, you should expect your total costs to be increased by fees and taxes of around 12-13% of the purchase price.
This amount includes registration fees, notary fees, mortgage fees if applicable, and transfer tax.
Transfer tax is payable for second-hand properties (not new builds).
The amount of tax depends on the region (Comunidad Autónoma) where the property is located. Most coastal regions (Andalusia, Valencia, Catalonia) have a transfer tax of 10%. In central Spain the tax is lower, for example in Madrid it is only 7%.
Legal fees are usually 1% + VAT of the property price, lower if the property is under €500,000. Notary and land registry fees range from around €1,000 to €10,000, depending on the property price and other factors.
For new builds, this tax is not payable, but VAT of 10% is payable.
The real estate agent's commission is included in the price of the property.
Example of a new build calculation:
If you are buying a property for €275,000, your total costs may be as follows:
Purchase price: €275,000
VAT (10%): €27,500 (for a new build)
Legal fees (1% + VAT): €3,025
Notary and land registry fees: €2,000 (estimated)
If you use a mortgage, we will add additional costs:
Mortgage opening fee (1%): €2,750
Property valuation and other fees: €750 (estimated)
Total costs would therefore be:
275000+27500+3025+2000+2750+750=311025 EUR
The total cost of purchasing this new build in Spain, including all fees and taxes, would therefore be approximately €311,025.