Buyers Guide
Taxes and fees
1.TRANSFER TAX (Resale) or IVA/VAT (New):
7% transfer tax (I.T.P.) payable by the buyer for the purchase of any real estate (villas, apartments, land, commercial premises, garages), provided the vendor is not a developer or normally trading in the business of resales.
8 % (7 % IVA/VAT and 1 % stamp duty) for any villa, apartment or garage annexed to an apartment where the vendor is a developer, promoter or habitual trader in these properties. This covers virtually all new construction. Some resales do fall in this category, for example, when purchasing from an investment company who purchased for resale.
17 % (16 % IVA/VAT and 1 % stamp duty) for parcels of land, commercial premises, or commercial garage spaces, where the vendor is a developer, promoter or habitual trader.
7% transfer tax (I.T.P.) payable by the buyer for the purchase of any real estate (villas, apartments, land, commercial premises, garages), provided the vendor is not a developer or normally trading in the business of resales.
8 % (7 % IVA/VAT and 1 % stamp duty) for any villa, apartment or garage annexed to an apartment where the vendor is a developer, promoter or habitual trader in these properties. This covers virtually all new construction. Some resales do fall in this category, for example, when purchasing from an investment company who purchased for resale.
17 % (16 % IVA/VAT and 1 % stamp duty) for parcels of land, commercial premises, or commercial garage spaces, where the vendor is a developer, promoter or habitual trader.
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