Spanish Local Taxes

Resale Properties Are Getting 1% OFF Transfer TAX

The Andalusian Government has recently approved a lower general rate of the Transfer Tax and Stamp Duty in order to boost the real estate industry. This is currently in force until 31st Dec, 2021. The goal is to reactivate the real estate sector, encourage second home purchases, benefit purchasers, create incentive for new construction at more affordable prices and in general boost the market in all...

Taxation of Spanish property

Taxation of Spanish property

Taxation of Spanish property Spanish Local Taxes There are two local property taxes which are both based on the property’s rateable value the “Valor Catastral” this value is set by the local Town hall, and is adjusted in line with inflation. The rates of tax will vary from region to region due to the varying rates of tax imposed by the regional and local...

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