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The expenses and taxes arising from the execution before a Notary Public of the corresponding deed of purchase depend on type of purchase.

IN THE CASE OF FIRST TRANSMISSION :

  1. VAT 10% for residential properties. | VAT 21% on plots, garages and storage rooms.
  2. Stamp Duty (for Andalucia) 1.5%
  3. Notary fee: notary fees are calculated according to a scale agreed by the authorities and is dependent on the nature of the purchase and the number of sheets contained in the deed of sale/purchase. Therefore all notaries charge the same fee for the same concept. The notary fee for the purchase of a typical residential property would vary between 500-1,800 Euros
  4. Land Registry fee: land registry fees are calculated according to a scale agreed by the authorities. Normally, the land registry fee amounts to 50-70% of the notary fee.
  5. Legal fees 1% of the property purchase price plus 21% VAT

IN THE CASE OF A SECOND TRANSMISSION / RESALE :

  1. Transfer tax: on amounts up to 400.000 Euros tax is levied at 8%; on amounts from 400,000 Euros up to 700,000 Euros tax is levied at 9%; and on amounts over 700,000 Euros tax is levied at 10%.
  2. As a clarifying note, for a property with a purchase price of 1 million Euros, the first 400,000 Euro is taxed at 8%, the amount from 400,000 up to 700,000 is taxed at 9% and the amount over 700,000 Euro is taxed at 10%, therefore the total amount due would be 32,000 + 27,000 + 30,000 = 89,000 Euro
  3. Notary fee: notary fees are calculated according to a scale agreed by the authorities. Therefore all notaries charge the same fee for the same concept. The notary fee for the purchase of a typical residential property would vary between 500 – 1,800 Euros
  4. Land Registry fee: land registry fees are calculated according to a scale agreed by the authorities. Normally, the land registry fee amounts to 50-70% of the notary fee.
  5. Legal fees 1% of the property purchase price plus 21% VAT

Note :

In the case of purchasing a property and constituting a new mortgage both notary fees and registry fees will be applicable as the mortgage has its own public title deed which will then need to be registered, Stamp Duty is also applicable at 1.5% of the mortgage responsibility amount.

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