If you are thinking of buying a property on the Costa del Sol then now is the best time! The Andalusian government has announced a change to the ITP property purchase tax from today until 31.12.2021.
The countdown is on!
days hours minutes seconds
Secondary market
It was: 8% at a price up to €400,000.00, 9% between €400,000.01 and €700,000.00, 10% counting from €700,000.01 upwards.
It is: tax rates are harmonised and REDUCED to 7%.
AJD – the tax on civil law transactions from 1.5% on the price of the property is reduced to 1.2%.
Primary market
When purchasing new properties from a developer, VAT of 10% remains unchanged.
AJD – the tax on civil law transactions from 1.5% on the price of the property is reduced to 1.2%.
