Acquisition Costs

The acquisition costs

In addition to the purchase price, the purchase taxes (land acquisition or IVA), which vary from 8-11 percent (possibly 10 or 21 percent IVA), must be taken into account. In addition, there are costs of the notary and the land registry and, not to forget, the tax office (Gestoria, who make the tax payments) and, if you so decide, the attorney.

Ownership costs

If you are registered in the land registry and with the municipality as the owner, two types of tax are payable annually: 1. The property tax, and 2. The income tax on the income of the property. Since they often have no income, the Spanish state has called a fictitious income tax for non-resident property owners with property in Spain.

Costs of Sale/ Transfer

As far as you want to sell the property again or transfer it to your children, different taxes are to be expected here as well. In the case of inheritance, the heir will naturally also be asked by the Spanish State to pay.

The costs when buying & selling real estate

The acquisition costs

Ownership costs

Costs of Sale/ Transfer

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