At Purchase
ITP (Transfer Tax) - Existing properties
- Valencia region: 10% of purchase price
- Applies to existing properties
VAT - New builds
- 10% for residential
- 1.5% AJD (stamp duty)
Annual Taxes
IBI (Property Tax)
- Similar to council tax
- €300-1,500/year depending on property
Wealth Tax
- Only above €700,000 assets in Spain
- Progressive: 0.2% - 2.5%
Income Tax (non-residents)
- 19% on imputed rental income (1.1% of cadastral value)
- Or actual rental income
At Sale
Plusvalía
- Municipal tax on land value increase
- Complex calculation, seek advice
Capital Gains Tax
- 19% on profit for non-residents
- Depreciation and costs deductible
Tip
Work with a tax advisor who knows both systems.
