The Real Estateone-stop solution.
Aside from using our combined expertise to assist you with buying or selling a property, we also take away the pain of dealing with the arduous aspects of house sale and purchase. For example, we can assist with island wide trusted connections such as banks, lawyers, notaries, local authorities and amenities.
Our philosophy is to offer you, the client, an all-embracing service. We operate with complete transparency and efficiency in order to get deals completed in the quickest possible time while ensuring that accuracy is given the utmost priority. As they say, the devil is in the detail.
We work with the best professionals in the estate industry.
The answers you need along the real estate path.
There have been major restrictions and new regulations so the best thing to do is to ask your Lawyer of choice to look into the matter. We can certainly help in applying for these Permits. Long term rental dedicated for locals or residents is never a problem though and a standard rental contract is usually enough.
It is one of the first things you should apply for if you are buying property. Lawyers and Gestorias can help you this. You will need it for the signing of the purchase deed. You can also apply Online or at your country’s Spanish embassy/consulate. Costs are around 150 € per issued NIE.
Property Transfer Tax (ITP or Impuestos sobre Transmisiones Patrimoniales)Sale of second-hand real estate or subsequent transmissions
9% - 11% on a scale depending on the purchase price.
Value Added Tax10% applicable only for properties of new construction and first transmission.
Other Real Estate Objects21% - Garages, warehouses, etc.
Property Registry FeesMax. 0.5% of purchase price, but usually between 0.1% - 0.2%.
Gestoría FeesBetween 200 € - 500 €
Stamp duty / AJD (Impuesto of Actos Jurídicos Documentados)Between 0.5% - 1.5% of the purchase price
Solicitor's fees0.5% - 1.5% of the purchase price
For annual income and wealth tax returns.
Wealth tax allowance currently €700.000 per person.
This information is subject to change. As non-lawyers and tax consultants we cannot accept any liability for this.