Purchase Costs & Taxation
The costs of buying a property on the Costa del Sol vary from 10% to 13.5%
New and Off Plan Properties
Purchase expenses of approximately 13.5%
IVA (VAT) is charged at 10% of the full sales price
Stamp Duty is charged at 1.5%
Lawyers fee of 1% of the purchase price. If you are making a substantial purchase, it may be possible to reduce this fee.
Notary and other expenses approximately 1 to 1.5%.
Resale Properties
Purchase expenses of between 10.5 to 12.5%
FOR THE TIME BEEING 2021 AND 2022 IT IS 7% TRANSFER TAX PLUS STAMP DUTY, LAWYER, NOTARY.
Stamp Duty is charged at 1.5%
Lawyers fee of 1% of the purchase price. If you are making a substantial purchase, it may be possible to reduce this fee.
Notary and other expenses approximately 1 to 1.5%.