PURCHASE AND SALE COSTS

At Inmobiliaria Sa Coma, we take the stress out of buying or selling: we handle every step of the process so that everything runs smoothly, safely and without complications.

At Inmobiliaria Sa Coma, we take the stress out of buying or selling: we handle every step of the process so that everything runs smoothly, safely and without complications.

At Inmobiliaria Sa Coma, we take the stress out of buying or selling: we handle every step of the process so that everything runs smoothly, safely and without complications.

OUR MISSION

COSTS BORNE BY THE BUYER

COSTS BORNE BY THE BUYER

COSTS BORNE BY THE BUYER

The buyer usually covers all costs required to acquire the property and register it in their name, as well as, where applicable, any expenses linked to the mortgage.

TAXES:

ITP (Property Transfer Tax): payable when purchasing a resale property.

VAT and AJD (Stamp Duty on Notarised Documents): payable when purchasing a newly built property.

  1. Notary fees: relating to the execution of the purchase deed, unless otherwise agreed.
  2. Land Registry fees: for registering the property in the buyer’s name.
  3. Valuation fee: if a mortgage is being arranged.
  4. Administrative agency fees: if the bank is involved in arranging a mortgage.
  5. Funds provision: an advance amount set aside to cover the costs of the process.
  6. Copy of the deed: if requested by the buyer.

*** When a non-resident sells a property in Spain, the buyer must withhold 3% of the sale price and pay it to the Spanish tax authorities as an advance payment of the seller’s Non-Resident Income Tax on any capital gain.

The buyer usually covers all costs required to acquire the property and register it in their name, as well as, where applicable, any expenses linked to the mortgage.

TAXES:

ITP (Property Transfer Tax): payable when purchasing a resale property.

VAT and AJD (Stamp Duty on Notarised Documents): payable when purchasing a newly built property.

  1. Notary fees: relating to the execution of the purchase deed, unless otherwise agreed.
  2. Land Registry fees: for registering the property in the buyer’s name.
  3. Valuation fee: if a mortgage is being arranged.
  4. Administrative agency fees: if the bank is involved in arranging a mortgage.
  5. Funds provision: an advance amount set aside to cover the costs of the process.
  6. Copy of the deed: if requested by the buyer.

*** When a non-resident sells a property in Spain, the buyer must withhold 3% of the sale price and pay it to the Spanish tax authorities as an advance payment of the seller’s Non-Resident Income Tax on any capital gain.

The buyer usually covers all costs required to acquire the property and register it in their name, as well as, where applicable, any expenses linked to the mortgage.

TAXES:

ITP (Property Transfer Tax): payable when purchasing a resale property.

VAT and AJD (Stamp Duty on Notarised Documents): payable when purchasing a newly built property.

  1. Notary fees: relating to the execution of the purchase deed, unless otherwise agreed.
  2. Land Registry fees: for registering the property in the buyer’s name.
  3. Valuation fee: if a mortgage is being arranged.
  4. Administrative agency fees: if the bank is involved in arranging a mortgage.
  5. Funds provision: an advance amount set aside to cover the costs of the process.
  6. Copy of the deed: if requested by the buyer.

*** When a non-resident sells a property in Spain, the buyer must withhold 3% of the sale price and pay it to the Spanish tax authorities as an advance payment of the seller’s Non-Resident Income Tax on any capital gain.

COSTS BORNE BY THE SELLER

COSTS BORNE BY THE SELLER

The seller is mainly responsible for the costs arising from formalising the transfer of the property and meeting their tax obligations.

  1. Municipal capital gains tax (Plusvalía municipal, IIVTNU): a local tax on the Increase in Value of Urban Land, which is charged on the rise in the land’s value from the date of acquisition to the date of sale.
  2. Notary fees: relating to the execution of the purchase deed where this is agreed, although it is more common for these to be paid by the buyer.
  3. Land Registry cancellation of the mortgage (if applicable): if the property is mortgaged, the seller must pay the administrative agency, notary and registry fees to cancel it formally.
  4. Energy performance certificate: mandatory in order to sell the property, and payable by the seller.
  5. Estate agency commission: if an estate agency has been instructed, the commission is usually borne by the seller, unless otherwise agreed.
  6. Personal Income Tax on capital gains: if the sale results in a profit, the seller must declare the capital gain in their annual income tax return.

*** When a non-resident sells a property in Spain, the buyer must withhold 3% of the sale price and pay it to the Spanish tax authorities as an advance payment of the seller’s Non-Resident Income Tax on any capital gain.

The seller is mainly responsible for the costs arising from formalising the transfer of the property and meeting their tax obligations.

  1. Municipal capital gains tax (Plusvalía municipal, IIVTNU): a local tax on the Increase in Value of Urban Land, which is charged on the rise in the land’s value from the date of acquisition to the date of sale.
  2. Notary fees: relating to the execution of the purchase deed where this is agreed, although it is more common for these to be paid by the buyer.
  3. Land Registry cancellation of the mortgage (if applicable): if the property is mortgaged, the seller must pay the administrative agency, notary and registry fees to cancel it formally.
  4. Energy performance certificate: mandatory in order to sell the property, and payable by the seller.
  5. Estate agency commission: if an estate agency has been instructed, the commission is usually borne by the seller, unless otherwise agreed.
  6. Personal Income Tax on capital gains: if the sale results in a profit, the seller must declare the capital gain in their annual income tax return.

*** When a non-resident sells a property in Spain, the buyer must withhold 3% of the sale price and pay it to the Spanish tax authorities as an advance payment of the seller’s Non-Resident Income Tax on any capital gain.

The seller is mainly responsible for the costs arising from formalising the transfer of the property and meeting their tax obligations.

  1. Municipal capital gains tax (Plusvalía municipal, IIVTNU): a local tax on the Increase in Value of Urban Land, which is charged on the rise in the land’s value from the date of acquisition to the date of sale.
  2. Notary fees: relating to the execution of the purchase deed where this is agreed, although it is more common for these to be paid by the buyer.
  3. Land Registry cancellation of the mortgage (if applicable): if the property is mortgaged, the seller must pay the administrative agency, notary and registry fees to cancel it formally.
  4. Energy performance certificate: mandatory in order to sell the property, and payable by the seller.
  5. Estate agency commission: if an estate agency has been instructed, the commission is usually borne by the seller, unless otherwise agreed.
  6. Personal Income Tax on capital gains: if the sale results in a profit, the seller must declare the capital gain in their annual income tax return.

*** When a non-resident sells a property in Spain, the buyer must withhold 3% of the sale price and pay it to the Spanish tax authorities as an advance payment of the seller’s Non-Resident Income Tax on any capital gain.

The seller is mainly responsible for the costs arising from formalising the transfer of the property and meeting their tax obligations.

  1. Municipal capital gains tax (Plusvalía municipal, IIVTNU): a local tax on the Increase in Value of Urban Land, which is charged on the rise in the land’s value from the date of acquisition to the date of sale.
  2. Notary fees: relating to the execution of the purchase deed where this is agreed, although it is more common for these to be paid by the buyer.
  3. Land Registry cancellation of the mortgage (if applicable): if the property is mortgaged, the seller must pay the administrative agency, notary and registry fees to cancel it formally.
  4. Energy performance certificate: mandatory in order to sell the property, and payable by the seller.
  5. Estate agency commission: if an estate agency has been instructed, the commission is usually borne by the seller, unless otherwise agreed.
  6. Personal Income Tax on capital gains: if the sale results in a profit, the seller must declare the capital gain in their annual income tax return.

*** When a non-resident sells a property in Spain, the buyer must withhold 3% of the sale price and pay it to the Spanish tax authorities as an advance payment of the seller’s Non-Resident Income Tax on any capital gain.

BUYERS COST SIMULATOR

BUYERS COST SIMULATOR

BUYERS COST SIMULATOR

INFORMATION NOTICE IN ACCORDANCE WITH ARTICLE 20 OF THE TRLGDCU:

The published price is for guidance only and does not constitute a binding offer. It does not include the costs or taxes associated with the purchase, which may vary depending on the transaction and the applicable regulations.

The transaction may be subject to transfer tax or VAT, as appropriate, and there may also be notary, land registry, and administrative fees. The estate agent’s fees are payable by the seller.

The final amount will be calculated individually, based on the buyer’s tax situation and the regulations in force at the time the tax becomes due.

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