Last step of the sale and expense involved

The last step is to formalize the Deed of Sale, it is usually performed in conjunction with the supply of goods and having paid the full price of the sale. There will be a notary public. There will be a number of costs and taxes on purchases that need to be taken into account:

Registration Fees Property

These are based on the carrying amount of the property officer. These fees do not normally exceed 0.2% of the value declared in the Deed.

Notary Fees

These are issued by the notary, in fees to develop the writing and signature. Are calculated using a scale based on the value of the house and do not normally exceed 0.3% of the value declared in the Deed.

Taxes arising from the purchase of a property

Estate Transfer Tax (ITP), 8%, 9% or 10% according to sections, by the purchaser for the purchase of any real estate, provided that the seller is not a promoter or that your business does not consist usual promotion or resale estate.

Up to 400.000 € – 8%
€ 400,000 to 700,000 € – 9%
€ 700,000 to 1,250,000 € – 10%

I.V.A. 10% STAMP DUTY 1.2%. For any town, apartment or garage attached to a home, where the vendor is a promoter or habitual trader BRAND PROPERTIES (first transmission).

I.V.A. 21% STAMP DUTY 1.2%. To land, commercial premises or garages not attached to a dwelling, provided that the vendor is a sponsor and / or habitual trader of such properties.

Capital Gains Tax

Is a municipal tax paid each time you make a transfer of ownership of real estate (housing, parking, retail, solar, warehouse, etc..). What is taxed is the increase experienced by the field value from the date of purchase to the date of sale. It is a tax that corresponds to the seller of the property, except that under the terms of the transaction, a separate agreement is agreed.

Attorney’s Fees

These will depend on the services rendered. The custom is for the buyer to pay these fees. The attorney fees usually do not exceed 1% of the property value.