Taxes in Spain Transaction Tax: In Spain, there is a tax on real estate transactions, known as Impuesto sobre Transmisiones Patrimoniales (ITP). Its amount varies from region to region, but usually ranges from 6% to 10% of the value of the property., this tax applies to secondary market properties. Value Added Tax (VAT): For new properties, value-added tax (IVA) is applied instead of ITP. Currently,...
