When you buy a home on the Costa del Sol, some taxes and fees are added to complete the purchase. We will of course help you through the entire process and guide you, but in short you can say that there are different amounts depending on whether the purchase concerns a used home (resales) or whether it concerns newly produced homes (new developments).
When purchasing a resale home, a tax of 7% applies. In addition to that, 1% cost + VAT to the lawyer is added.
When buying a new development, VAT is added to the purchase instead.
- 10% VAT (IVA) (Impuesto sobre el valor añadido)
- 1.5% stamp duty (IAJD lmpuesto de Actos Juridicos Documentados)
- 2.0% costs to the notary and the real estate register 1% + VAT to the lawyer.
The percentages indicate part of the purchase price of the home you buy.