What is the Spanish property tax rate? How much tax does it cost to buy a house in Spain?

What is the Spanish property tax rate? 1. Personal tax on non-residential real estate (IRPF)

Tax on owning Spanish real estate but not settled in Spain-paid within the specified time every year. The real estate tax bill will indicate the tax of about 2% of the total house price. If the property is rented, the income tax of self-operated enterprises shall be paid at 18-24% of the room rate.

2. Real estate registration fee and real estate notarization fee

The real estate registration fee is about 0.8%~ 1% of the total house price. For example, a property with a net fund value of 500,000 euros costs 4,000-5,000 euros. Property notarization fee, the property notarization fee with a net fund value of 500,000 euros is between 600 and 800 euros.

Advantages of Spain's investment in real estate, rich return rate of Spanish immigrants buying houses. After the European debt crisis, the European Union's economic development has been in a relatively low stage, and Spain's housing prices have also fallen to a low point in this turbulent economic development. In the past five years, house prices in Spain have fallen by 70% compared with before. If converted into RMB, the house price in Bilbao, Spain's most expensive metropolis, is 20,000 RMB. In Madrid and Barcelona, the average house price just exceeded 65,438+0,000 RMB. Compared with the current housing price in China, the Spanish housing price is equivalent to the level of second-and third-tier cities in China.

The steps of housing migration in Spain are as follows: 1. Sign a service contract;

2. Apply for a Schengen visa;

3. Visit Spain;

4. Sign the purchase agreement, pay the purchase price and register the real estate;

5. Prepare and submit the raw materials for immigration application in advance;

6. 1 month, the upper and lower d sign is approved, and the certificate will be reissued after entering the customs.

How much tax does it cost to buy a house in Spain? increment tax on land value

Land value-added tax, alias municipal engineering income tax (plusvalíamunicipal). Like Spanish citizens in China, all foreigners have to pay land value-added tax when selling their properties. This tax also applies to real estate sold due to land appreciation. This is why buying and selling houses needs to evaluate the difference in land value. The collection rate of land resource price difference actually lies in the urban and rural areas of real estate, and tax payment must be carried out within 30 days after the end of housing transaction.

Contract stamp duty

Whether it is a new house transaction or a second-hand house transaction, it is necessary to pay the contract stamp duty in accordance with the regulations. The tax is 1% of the total house price plus 1% of the mortgage loan.

House purchase tax

Spain mainly includes two different house purchase taxes, depending on whether the property purchased is a new house or a second-hand house. To buy a new house, you have to pay 10% VAT. If the money for buying a house is 250 thousand euros, the tax should be 25 thousand euros.

Buying a second-hand house means paying property transfer tax. The collection ratio varies from autonomous prefecture to autonomous prefecture, which is generally 5%- 10% of the total house price. Taking the prosecution of 250,000 euros as an example, the property transfer tax is 12500-25000 euros. However, if the tax feels that the specific value of real estate is much higher than the purchase price, a higher tax can be levied. The tax office of each autonomous prefecture has worked out the minimum house price table to calculate the minimum property transfer tax that individuals need to pay when buying a house.

Uninformed buyers can find that even if they have paid 7% of the house purchase tax, they have to pay additional property transfer tax. This part of the amount may be 7% of the middle difference between the specific purchase price and the lowest tax price, plus interest on late fees. In some areas, large families have preferential tax policies. For example, in Madrid, if the purchased second-hand house is an important residence of a large family, the property transfer tax is 4%.

Consumption tax on apartment building

ElenaSerrano, founder of Eslawyer legal affairs, notes that non-resident sellers in Spain should also pay the following non-resident enterprise income tax (IRNR) and land value-added tax.

Non-resident enterprise income tax

The Spanish tax reform that came into effect on June 65438+ 10 1 has an impact on both citizens and foreigners in China, the host country, because it affects the income tax of non-resident enterprises. The loan currency adjustment coefficient, which is used to adjust the impact of inflation on real estate value, has long been cancelled. This means that the difference in value between 1 euro now and 1 euro ten years ago will not be considered.

As for those tax reduction indexes, they are only for transactions that do not exceed 400,000 euros as of 20 15, whether it is houses, individual stocks or other properties purchased before 1994. Once the upper limit of 400,000 euros is exceeded, the tax reduction target will not be obtained, and the total capital gains from the sale of real estate must be declared. The applicable levy rate will depend on the type of property and the year of purchase. This index mainly reduces the value of the oldest assets and the soaring capital gains.

To put it simply, due to the reduction of the collection rate, the capital gains tax will be lower than before if the total assets should not exceed 400,000 euros when selling property management. Once the property value exceeds 400,000 euros, the applicable levy rate is much higher.