Introduction      
 Our Services     
  Your residence
paperwork

  Insurance Cover
  Wills
  I.D. Card for
Foreigners (N.I.E.)

 Taxes                    
 Charges & Costs 
 Contact us           

 

 


The purchase of a home property means making provisions of 10% or 11% for taxes and legal costs. In general, we can highlight these as follows:

V.A.T. (IVA)
Generally VAT is 7% on home property, however this can increase to 16% VAT depending on the type of contract signed; a house, a garage or business premises.

PROPERTY TAX
Generally this is 1% depending on the province where the property is located. In the case of second hand properties it is 7% (thus eliminating V.A.T)

LOCAL PROPERTY TAX ON APPRECIATION
This tax is low and depends on the age of the property, square metres and the area where it is situated. For new properties it is very low or non-existent.

NOTARY FEES AND PROPERTY REGISTRATION CHARGES

These are established according to the property cost.

OUR FEES

We offer an "all-in-one-deal" which means charging a single fee for all the services described on this web page directly related to the sale and purchase of the property (including the Identity Card for foreigners and the making of a will).

You should bear in mind that, if you need to take out a mortgage to finance your property, the legal costs of the operation will be higher because you will have to include mortgage expenses (which are less than the aforementioned.)

In any case, we will assess your case individually in order to establish approximate costs of taxes and legal charges. Once your property is registered, we can calculate the final costs which include all the original invoices paid on your behalf.