ITP(Property Transfer Tax · Impuesto de Transmisiones Patrimoniales)#
Impuesto de Transmisiones Patrimoniales — Spanish transfer tax payable by the buyer on resale property purchases.
ITP (Impuesto de Transmisiones Patrimoniales, Property Transfer Tax) is a one-off tax paid by the buyer when purchasing a resale property in Spain. The rate is set regionally. ITP on a resale in Andalusia is 7% of the price, or of the Catastro’s reference value if that is higher (Article 41 of Andalusia’s Ley 5/2021; Article 10.2 of the ITP-AJD law). It has been a single 7% rate since 2021; the earlier scale was 8%, 9% and 10%. ITP does not apply to brand-new (first transmission) homes — those attract IVA + AJD instead. In Andalucía the tax is settled via Modelo 600 within two months, counted from the day after the escritura (Article 69 of Ley 5/2021). Late payment triggers surcharges. Where the declared price falls below the Catastro’s reference value, the tax is assessed on the reference value, which is why buyers look that value up at the Catastro’s electronic office before agreeing a price.
Example. A €2.5M resale villa in Marbella (Andalucía) generates ITP of €175,000 at 7%.
Related: IVA, AJD, Escritura, Modelo 600, Plusvalía Municipal
IVA(VAT · Value Added Tax · Impuesto sobre el Valor Añadido)#
Impuesto sobre el Valor Añadido — Spanish VAT, payable on new-build property purchases instead of ITP.
IVA (Impuesto sobre el Valor Añadido, Value Added Tax) replaces ITP on first-transmission residential property — typically a new build bought directly from the developer. IVA on a new home bought from the developer is 10% of the price, whoever the buyer is — an individual or a company (Article 91.Uno.1.7.º of the VAT law, Ley 37/1992). It is paid to the developer with the price. Commercial properties and plots attract IVA at the standard 21% rate. IVA is paid alongside AJD (Stamp Duty, 1.2% in Andalucía). The combined cost on a new build in Andalucía is therefore 11.2%, against the 7% ITP on a resale of equivalent price — a calculation that often influences whether a buyer pursues a new development or a resale residence.
Example. IVA on a €3M new-build penthouse in Estepona is €300,000 (10%), plus AJD of €36,000 (1.2%).
Related: ITP, AJD, Escritura, Aval Bancario
AJD(Stamp Duty · Actos Jurídicos Documentados)#
Actos Jurídicos Documentados — Spanish Stamp Duty on notarial documents, applied to new-build purchases and mortgages.
AJD (Actos Jurídicos Documentados, Stamp Duty on Documented Legal Acts) is a regional tax applied to notarised documents in Spain. AJD is charged on new-build purchases (alongside IVA, not ITP), where the buyer pays it, and on the formal deed of mortgage. The rate is set by each autonomous community. Andalucía applies 1.2% (Article 49 of Ley 5/2021). AJD on a mortgage deed has, since Real Decreto-ley 17/2018 took effect on 10 November 2018, been the lender’s liability — not the borrower’s. AJD on the property purchase itself remains the buyer’s cost. In Andalucía it is settled via Modelo 600 within two months, counted from the day after the escritura (Article 69 of Ley 5/2021).
Example. AJD on a €4M new-build in Marbella: €48,000 at 1.2%.
Related: IVA, ITP, Escritura, Hipoteca, Modelo 600
IBI(Municipal Property Tax · Impuesto sobre Bienes Inmuebles)#
Impuesto sobre Bienes Inmuebles — Spanish annual municipal property tax, set by the local town hall.
IBI (Impuesto sobre Bienes Inmuebles, Real Estate Tax) is an annual municipal property tax levied by each Spanish ayuntamiento. IBI is the cadastral value multiplied by the municipal rate, which the law allows between 0.4% and 1.10% for urban property (Article 72.1 of the Haciendas Locales law). The bill for a specific house is on its last receipt — ask the seller for it. The cadastral value (valor catastral) is an administrative figure, not the market value. IBI is paid in a single instalment, normally between September and November, depending on the municipality. The receipt (recibo del IBI) is one of the documents the notario requests to confirm the property is up to date at completion. Unpaid IBI follows the property, not the prior owner, so buyers ask for the receipts of recent years before signing.
Related: Catastro, Nota Simple, Notario, Ayuntamiento
Patrimonio(Wealth Tax · Impuesto sobre el Patrimonio)#
Impuesto sobre el Patrimonio — Spanish annual wealth tax on global net assets above the regional threshold.
Impuesto sobre el Patrimonio (Wealth Tax) is an annual tax on net assets owned by Spanish tax residents (worldwide assets) and non-residents (Spanish assets only). The allowance is €700,000 per individual, plus an exemption of up to €300,000 on the main home for residents. Andalusia gives 100% relief on wealth tax (Article 25 bis of Ley 5/2021). While the state Temporary Solidarity Tax on Large Fortunes (ITSGF) is in force, that relief is limited to the difference between the two bills, so above the threshold the taxpayer pays what the solidarity tax would charge. Nothing is due while net wealth after the €700,000 allowance stays within €3,000,000; above that the scale is 1.7% to €5,347,998.03, 2.1% to €10,695,996.06 and 3.5% beyond (Article 3 of Ley 38/2022). Non-residents have the same €700,000 allowance and are assessed on their Spanish assets only (Article 28.Tres of Ley 19/1991).
Example. On €5,000,000 of net Spanish assets with no debt: €5,000,000 − €700,000 = €4,300,000; the first €3,000,000 at 0% and the next €1,300,000 at 1.7% — €22,100 a year.
Related: ITSGF, IRPF, IRNR, Residente Fiscal
ITSGF(Solidarity Tax on Large Fortunes · Temporary Wealth Tax)#
Impuesto Temporal de Solidaridad de las Grandes Fortunas — Spain’s temporary national wealth tax on fortunes above €3M.
ITSGF (Impuesto Temporal de Solidaridad de las Grandes Fortunas, Temporary Solidarity Tax on Large Fortunes) is a state tax created by Ley 38/2022 of 27 December 2022, first charged for 2022 and extended by Real Decreto-ley 8/2023 until wealth taxation is reviewed. Nothing is due while net wealth after the €700,000 allowance stays within €3,000,000; above that the scale is 1.7% to €5,347,998.03, 2.1% to €10,695,996.06 and 3.5% beyond (Article 3 of Ley 38/2022). It was designed to reach wealth that autonomous communities had relieved of their own wealth tax; wealth tax actually paid is credited against it, so the two do not double-charge. Andalusia gives 100% relief on wealth tax (Article 25 bis of Ley 5/2021). While the state Temporary Solidarity Tax on Large Fortunes (ITSGF) is in force, that relief is limited to the difference between the two bills, so above the threshold the taxpayer pays what the solidarity tax would charge.
Related: Patrimonio, Residente Fiscal, IRNR
Plusvalía Municipal(Municipal Capital Gains · IIVTNU · Plusvalía)#
Spanish municipal capital-gains tax on the rise in cadastral land value during the seller’s ownership.
Plusvalía Municipal (Impuesto sobre el Incremento de Valor de los Terrenos de Naturaleza Urbana, IIVTNU) is a municipal tax on the increase in the value of urban land during the seller’s ownership. Plusvalía municipal is the seller’s tax on a sale; the declaration is due within thirty working days of the deed (Article 110.2 of the Haciendas Locales law). If the seller is a non-resident individual, the buyer is liable to the town hall in the seller’s place (Article 106.2), so the amount is retained from the price. The tax was overhauled in 2021 after a Constitutional Court ruling: sellers can now choose between the objective method (based on cadastral value and years owned) and the real method (actual transaction gain), and pay the lower. Plusvalía applies only to urban land, not rural — and is settled with the local ayuntamiento, separately from state taxes.
Related: Catastro, Ayuntamiento, Notario
IRNR(Non-Resident Income Tax · Impuesto sobre la Renta de No Residentes)#
Impuesto sobre la Renta de No Residentes — Spanish income tax on non-residents’ Spanish-sourced income.
IRNR (Impuesto sobre la Renta de No Residentes, Non-Resident Income Tax) is the Spanish income tax regime applied to non-residents earning income from Spanish sources. Rent received by a non-resident is taxed at 19% on income net of expenses for EU/EEA residents and at 24% on gross income for everyone else (Articles 24 and 25.1.a of the IRNR law). The tax is IRNR, not IRPF. For 2026, a non-resident individual who does not let the property is taxed on a deemed income of 1.1% or 2% of the cadastral value, depending on when that value was last revised; the rate is 19% for EU/EEA residents and 24% for others. It applies to individuals, not companies. A non-resident pays 19% on the gain from selling Spanish property, whatever the country of residence (Article 25.1.f of the IRNR law). The 19%/24% split applies to rent and deemed income, not to capital gains. When the seller is not resident in Spain, the buyer withholds 3% of the price and pays it to the tax agency on Modelo 211 within one month of the sale (Article 25.2 of the IRNR law; Article 14.3 of the IRNR Regulation). It is a payment on account of the seller’s tax; only the excess over the tax due is refunded.
Example. A non-EU owner letting a Marbella villa pays IRNR at 24% on the gross rent; an EU/EEA owner pays 19% on the rent net of expenses.
Related: IRPF, Modelo 210, Modelo 211, Residente Fiscal
IRPF(Personal Income Tax · Impuesto sobre la Renta de las Personas Físicas)#
Impuesto sobre la Renta de las Personas Físicas — Spain’s personal income tax for tax residents.
IRPF (Impuesto sobre la Renta de las Personas Físicas, Personal Income Tax) is the Spanish income-tax regime applied to tax residents on their worldwide income. The tax is split between a state portion and an autonomous-community portion, so headline marginal rates differ by region — Andalucía currently tops out around 47%, with Madrid lower and other regions higher. Property-related IRPF includes rental income (taxed at the resident’s marginal rate after the 60% reduction for long-term residential lets) and capital gains on sale (taxed on the savings scale: 19% up to €6,000, 21% to €50,000, 23% to €200,000, 27% to €300,000 and 30% above €300,000). The Beckham Law is the principal exception.
Related: IRNR, Beckham Law, Residente Fiscal, Patrimonio
ISD(Inheritance Tax · Gift Tax · Impuesto sobre Sucesiones y Donaciones)#
Impuesto sobre Sucesiones y Donaciones — Spanish inheritance and gift tax, set regionally.
ISD (Impuesto sobre Sucesiones y Donaciones, Inheritance and Gift Tax) is a regional tax on transfers of assets by inheritance or lifetime gift. Rates and bonifications vary dramatically by autonomous community. Andalucía applies a 99% bonification for close relatives (spouse, children, parents), effectively eliminating inheritance tax within direct family for most estates — a key reason wealthy buyers continue to choose Marbella over comparable Mediterranean addresses. Non-relatives and distant relatives face the full progressive scale, which can reach 81.6% on large transfers. ISD is one of the most consequential planning items for cross-border buyers; treaty residence and timing of transfer matter.
Example. A €5M Marbella villa inherited by a child of an Andalucía resident may attract under €5,000 in ISD after the 99% relief.
Related: Patrimonio, IRPF, Régimen Matrimonial
Modelo 210(Form 210 · Modelo 210)#
Spanish tax form used by non-residents to declare property-related income, imputed rent, and capital gains.
Modelo 210 is the standardised tax form non-residents (and certain residents in limited circumstances) use to declare income subject to IRNR — including rental income, imputed income on a Spanish second home, and capital gains on sale. Deemed income is declared once a year on Modelo 210: for 2025 and earlier, during the following calendar year; for 2026 onwards, between 1 April and 31 December of the following year. Rental income grouped annually is filed from 1 to 20 January of the following year for 2024 and 2025, and from 1 to 20 April of the following year from 2026. The gain on a sale is declared within three months after the one-month period following the sale — four months from the deed. Filing is electronic via the Agencia Tributaria portal; most non-resident owners delegate to a local gestor. Failure to file imputed-income Modelo 210 is one of the most common compliance gaps Muse Selection sees on resale due-diligence; the resulting back-tax exposure is usually limited but worth verifying before completion.
Related: IRNR, Modelo 211, Modelo 600, Gestor
Modelo 211(Form 211 · Modelo 211 · 3% Withholding)#
Spanish tax form used by buyers to withhold and remit 3% of the purchase price when buying from a non-resident seller.
Modelo 211 is the Spanish form a buyer uses to pay over the mandatory 3% retention when the seller is a non-resident. When the seller is not resident in Spain, the buyer withholds 3% of the price and pays it to the tax agency on Modelo 211 within one month of the sale (Article 25.2 of the IRNR law; Article 14.3 of the IRNR Regulation). It is a payment on account of the seller’s tax; only the excess over the tax due is refunded. The buyer is liable, not the notary: in practice the buyer’s lawyer holds the 3% back from the completion funds and files the form, and the seller later files Modelo 210 to reconcile the retention against the actual gain.
Related: IRNR, Modelo 210, Escritura, Notario
Modelo 600(Form 600 · Modelo 600)#
Spanish tax form used to settle ITP, AJD, and certain other transmission-related taxes after a property purchase.
Modelo 600 is the regional tax form used to declare and pay ITP (on resale purchases), AJD (on new-builds and mortgage deeds), and certain other tax events tied to the transmission of property. Filing is regional, and so is the deadline: in Andalucía the form goes to the Agencia Tributaria de Andalucía and must be filed, with the tax paid, within two months counted from the day after signing the escritura (Article 69 of Ley 5/2021). Late filing without a prior demand carries a surcharge of 1% plus 1% for each full month of delay, and 15% plus interest after twelve months (Article 27 of the Ley General Tributaria). The notary does not withhold the tax: the buyer — in practice the buyer’s lawyer — files the return and pays. Lawyers usually collect a provision of funds for it before signing. The receipt of payment is required before the property can be inscribed at the Registro de la Propiedad.
Related: ITP, AJD, Escritura, Registro de la Propiedad, Gestor
Valor Catastral(Cadastral Value)#
Official cadastral value assigned to a Spanish property, used as the base for IBI and certain other taxes.
Valor Catastral is the official administrative value the Catastro (the Spanish cadastre) assigns to a property. It comprises a land component (valor del suelo) and a construction component (valor de la construcción) and is updated periodically — most cadastral revisions lag market value by years. The figure is the calculation base for IBI and for the deemed-income charge under IRNR. The minimum base for ITP is a different figure, the Catastro’s reference value (valor de referencia). Owners can consult the figure on their IBI receipt or directly via the Catastro’s electronic office. Discrepancies between cadastral and market value are normal but should be verified before a sale.
Related: Catastro, IBI, IRNR, Valor de Referencia
Valor de Referencia(Reference Value)#
Reference value set by the Catastro since 2022, used as a minimum tax base for ITP and ISD.
Valor de Referencia (Reference Value) is an administrative figure the Catastro publishes for each Spanish property, derived from comparable transactions. Since January 2022, it is used as the minimum taxable base for ITP and ISD: if the declared purchase price is below the reference value, tax is assessed on the reference value instead. The figure is consultable via the Catastro electronic office. In Marbella the reference value has often run below market for prime addresses (so declared price prevails), but the gap is closing in certain mid-market segments. Challenging the reference value is possible but procedural and slow.
Related: Catastro, Valor Catastral, ITP, ISD
CGT(Capital Gains Tax · Ganancia Patrimonial)#
Capital Gains Tax — Spanish tax on the gain realised when selling a property, set in IRPF or IRNR.
Capital Gains Tax on Spanish property is settled within IRPF for residents and IRNR for non-residents. Spanish tax residents pay the savings scale on a gain: 19% up to €6,000, 21% to €50,000, 23% to €200,000, 27% to €300,000 and 30% above €300,000 (Articles 66 and 76 of Ley 35/2006). The top rate has been 30% since 1 January 2025. A non-resident pays 19% on the gain from selling Spanish property, whatever the country of residence (Article 25.1.f of the IRNR law). The 19%/24% split applies to rent and deemed income, not to capital gains. The gain is calculated as transmission value minus acquisition value, with adjustments for the original ITP, notary, registry, and certain improvement costs. Residents over 65 selling their primary residence are exempt. Re-investment in another primary residence (reinversión en vivienda habitual) can also defer the tax. Non-resident sellers are subject to the 3% withholding via Modelo 211.
Related: IRPF, IRNR, Modelo 210, Modelo 211
IIVTNU(Plusvalía Municipal · Plusvalía)#
Formal name for Plusvalía Municipal — the municipal capital-gains tax on urban-land value increase.
IIVTNU (Impuesto sobre el Incremento de Valor de los Terrenos de Naturaleza Urbana) is the formal statutory name for what most buyers and sellers call Plusvalía Municipal. The tax falls on the seller and is settled with the ayuntamiento where the property is registered. Following the 2021 Constitutional Court ruling and the legislative response, the seller chooses between the objective method (cadastral land value × coefficient × years held) and the real method (actual gain on the land portion), paying the lower. The ruling means certain prior overcharges may have been refundable — relevant for sellers who settled between 2017 and 2021.
Related: Plusvalía Municipal, Catastro, Ayuntamiento