Purchase taxes and fees, Valencian Community
Completions from 1 June 2026
| Item | Figure |
|---|---|
| Transfer tax (ITP) — resaleValencian Community rate for completions from 1 June 2026, homes up to €1m | 9% |
| ITP above €1 million | 11% |
| New build: VAT (IVA)Instead of ITP on a first sale from a developer | 10% |
| New build: stamp duty (AJD)Cut from 1.5% on 1 June 2026 | 1.4% |
| Notary + Land RegistryScale fees; depends on price and mortgage | ~0.5–1% |
| Independent lawyerOften with a minimum fee | ~1% + VAT |
| Mortgage costs (if any)Bank pays mortgage-deed AJD since 2018 | valuation, gestoría |
General rates. Reduced rates exist for some buyer profiles; your lawyer should confirm which apply.
Worked example: €200,000 resale
ITP at 9% = €18,000. Notary and registry roughly €1,500–€2,000. Lawyer around €2,000 plus VAT. Total on top of the price: roughly €22,000–€22,500, about 11%. Before June 2026 the ITP alone would have been €20,000.
Worked example: €300,000 new build
VAT at 10% = €30,000. AJD at 1.4% = €4,200. Plus notary, registry and legal fees. Total roughly 12.5–13% on top. New builds cost more in tax but come with developer guarantees and lower early maintenance.
Tax is on the higher of price or reference value
Spain’s tax authorities publish a reference value (valor de referencia) for each property. ITP is charged on the higher of that value and the price you pay, so a low declared price doesn’t reduce your tax. Your lawyer can check the reference value before you sign.
Running costs once you own
- IBI (council tax on the property), set by each council on the cadastral value.
- Rubbish collection (basura).
- Community fees on complexes with pools and gardens.
- Non-resident income tax: owners who don’t live in Spain pay an annual tax on deemed income from the property even if it isn’t rented (19% for EU/EEA residents, 24% for others including the UK, on 1.1% or 2% of the cadastral value).
- Home insurance and utilities.