Property Taxes in Andalucía
Property Taxes in Andalucia: A Quick Guide
Property taxes in Andalucía, Spain, can be broken down into two main categories: taxes on buying property and annual taxes for owning property. Here’s a simplified rundown:
Buying Property:
- Transfer Tax (ITP): The main tax levied on resale properties, currently at a reduced rate of 7% in Andalucía (compared to the national range of 8%-10%). This is good news for buyers!
- Stamp Duty (AJD): Applies to notary documents like the sale deed. The rate in Andalucía is also reduced, currently at 1.2% (previously 1.5%).
Owning Property:
- Wealth Tax: This tax has been suspended in Andalucía since 2022, meaning you won’t pay it for now.
It’s important to note that these are general points. Taxes can vary depending on factors like property value and your residency status.
For a more specific picture, consulting a tax professional or referring to official Andalusian government resources is recommended.
Looking for the perfect home in Andalucía? Find it here at PropertyList.es today!
Disclaimer: The information in this PropertyList article regarding property taxes in Andalucía is for general informational purposes only. Tax rates and regulations can change, and they may vary depending on individual circumstances, such as property value and residency status.
PropertyList does not constitute tax advice. For a definitive understanding of your specific tax obligations, we recommend consulting with a qualified tax professional familiar with Andalusian tax laws.
