Maisons de Mer | Real Estate Services

Services Costs, taxes and fees

Taxes on the purchase depend on the seller’s status and the location of the property. In addition to these costs, there are also legal fees and, where applicable, agency fees.

If the SELLER is an individual.

The buyer must pay the following taxes and fees:

Tax known as the “Property Transfer Tax”, equivalent, depending on the region, to 6% - 10% of the purchase price.
Notary fees (notarial deed of sale) and Land Registry fees (registration of the notarial deed of sale), approximately 0.5% - 1.2% of the purchase price.

If the SELLER is a legal entity (e.g. a developer)

For a “first-hand” acquisition, meaning a new property or one sold for the first time since its construction.
The buyer must pay the following taxes and fees:

VAT (called IVA in Spain), equivalent, depending on the region, to 8% - 10% of the purchase price.
Tax known as the “Stamp Duty” (Impuesto sobre Actos Jurídicos Documentados), equivalent, depending on the region, to 0.75% - 2% of the purchase price.
Notary fees (notarial deed of sale) and Land Registry fees (registration of the notarial deed), approximately 0.5% - 1.2% of the purchase price.

The payment of VAT by the buyer on the purchase of a property may be advantageous when the buyer is also subject to this tax.

In the case of a resale — that is, a property that has already been sold before — VAT does not apply, and the taxation is the same as when the seller is an individual.

However, if the buyer is a legal entity carrying out an economic activity, the parties may agree to apply VAT to the transaction in order to allow its subsequent deduction or recovery, thereby optimising the tax burden of the operation.

Services Tax Guide

Services Costs, taxes and fees

If the SELLER is an individual.

If the SELLER is a legal entity (e.g. a developer)

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