Published: 28 Apr 2021

Tax relief in Andalusia until 31.12.2021!

Taxes and finance
Tax relief in Andalusia until 31.12.2021!

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!

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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%.

Source

Agnieszka Marciniak-Kostrzewa

Author

Agnieszka Marciniak-Kostrzewa

Founder & CEO

Entrepreneur, expert and long-time advisor in the area of selection, purchase and management of luxury properties on the Costa del Sol in Spain.

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