Buyers guide - taxes and fees
We would like to inform you about the fees and taxes associated with buying a property in Catalonia:
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Property transfer tax (ITP): This tax is 10% of the property value for second-hand properties.
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Notary fees: The cost of the notary varies depending on the value of the property and the complexity of the transaction, but can range from €500 to €2,000.
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Land registry fees: The cost of registering the property with the land registry is typically between €400 and €800.
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Legal fees: The cost of hiring a lawyer can vary depending on the complexity of the transaction, but is typically around 1% of the property value.
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Mortgage fees: If you need to obtain a mortgage, there will be additional fees associated with the loan, such as an arrangement fee, valuation fee, and mortgage tax.
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VAT (IVA): New properties are subject to VAT at a rate of 10%.
Buying a property in Catalonia can be a complex process, but with the right guidance and support, you can find your dream home in this beautiful region of Spain. Happy Expat will assist you from A to Z.
After purchase costs:
Once you are the owner of the property, you pay the following anual taxes:
- IBI (impuesto sobre bienes inmuebles) which is the tax you pay to the townhall depending on the size and value of your property
- Impuestos de residuos which is the fee for the waste
It's always advisable to contract a local gestor (tax advisor) for your realy tax declaration or as resident or no-resident