Taxes When Buying a New Build
If you're purchasing a new property directly from a developer, you’ll be required to pay:
- VAT (IVA): 10% of the property price.
- Stamp Duty (AJD): 1.2% of the purchase price in Andalusia.
Example:
Buying a new property for €500,000:
- VAT: €50,000
- AJD: €6,000
- Total taxes: €56,000
Taxes When Buying a Resale Property
When buying a resale home (previously owned), the main tax is:
- Transfer Tax (ITP): 7% of the property value in Andalusia. Note: This rate is valid for 2025 and may change depending on future regional legislation.
Example:
Buying a resale property for €500,000:
- ITP: €35,000
- Total taxes: €35,000
Comparison Table
As you can see, resale properties are usually more cost-effective tax-wise. Still, new builds often offer modern layouts, energy efficiency, and developer guarantees that may justify the higher upfront cost.
How Inmolux Group Can Help?
At Inmolux Group, we specialize in assisting international buyers with property purchases across Spain. We offer:
- Personalized property search tailored to your preferences and budget.
- Tax guidance and calculations so there are no surprises.
- Complete legal support throughout the transaction.
- Multilingual assistance, making every step easy to understand.
If you have questions or want to see properties that match your budget, Inmolux Group is ready to help you find your ideal home in Spain.
