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Category Archives: Uncategorized
Costs Involved in Purchasing Property in Spain
When buying a completed residential property, the total official expenses typically range from 10–11% for resale homesand approximately 12% for new-builds, assuming VAT applies to the purchase price. These percentages are in addition to legal fees. Transfer Tax (ITP) This tax is paid by the buyer when acquiring any type of real estate—such as homes, land, commercial units, or parking spaces—as long as the seller is …