What taxes do I have to pay to buy a house in Spain?

The real estate taxes and fees paid by Spanish immigrants mainly include value-added tax, stamp duty and property tax. The payment of taxes and fees is mainly divided into the taxes and fees that need to be paid in the process of buying a house and the fees that need to be paid for maintaining the property every year.

Taxes and fees arising from real estate transactions

1, VAT/transfer tax

New houses pay value-added tax, and different types of houses have different value-added tax. Among them, the value-added tax for residential houses is about 10% of the house price, and the value-added tax for commercial houses or land is about 2 1% of the house price. Second-hand houses are subject to real estate transfer tax, and the transfer tax rates vary from city to city in Spain. Madrid accounts for about 6% of the house price, Barcelona accounts for about 10% of the house price, and leased shops only account for 3%.

2. stamp duty

The rate of stamp duty depends on the region. The stamp duty in Madrid is about 1% of the house price, Barcelona is about 1.5% of the house price, and it is 1.8% in the case of renting shops.

3. Lawyer's fee for house purchase

It is about 1.2 1% of the house price, subject to the fee list issued by the lawyer.

Taxes and fees arising from real estate maintenance

1, annual property tax

The annual property tax is about 0.4- 1. 1% of the cadastral house price, and the specific tax rate fluctuates within this range according to the municipal value of each city. The cadastral house price is usually about 70% of the market house price.

2. Property tax

If the purchased property is expensive, the government will levy a property tax. When the total amount of real estate owned in Spain exceeds 700,000 euros (500,000 euros in Barcelona), the property tax will be paid for the excess, which is about 0.2-2.75%.

3. Tax representative fee

1000 euro/year/family. This is not a mandatory fee paid by the government, but Juntuo suggested that Spanish immigrants should choose tax representatives, because the taxes involved in Spain are very complicated, and some taxes and fees need to be calculated every three months, which is directly related to whether the customer's identity can be successfully extended.

4. Property management fee

Property management fees vary according to the type of house and the property purchased by customers.

Spanish immigrants who bought a house bought a house in Spain for 500,000 euros, and three generations of immigrants from the whole family enjoyed the rich benefits of Spain. Strong economic strength, pleasant Mediterranean climate, superior geographical location, cost-effective real estate and many other advantages make Spain a dark horse for European immigrants. At present, the European real estate market is relatively depressed, and the euro exchange rate is low, which is a golden opportunity to bargain-hunting Spanish real estate.