🇪🇸 Spain

Property Taxes and Buying Costs in Spain

Budget 8–14% on top of the price for a resale apartment. On a 60 m² apartment in Madrid (about €294,000) that is roughly €23,520–€41,160.

Costs when you buy

Transfer tax (ITP)
approx. 6–11% of price, set by region
Madrid 6%, Andalusia 7%; Catalonia and the Balearics use progressive scales up to about 13% for high values.
VAT on new builds (IVA)
10% (4% in the Canary Islands, IGIC), plus stamp duty (AJD) of about 0.5–2% by region
Notary and land registry
approx. 0.5–1.5% of price
Lawyer
approx. 1% of price plus VAT

Costs while you own

Local property tax (IBI)
approx. 0.4–1.1% of cadastral value a year, set by municipality
Non-resident imputed income tax (IRNR)
1.1% of cadastral value (2% if not revised in 10 years), taxed at 19% (EU/EEA) or 24% (others)
Applies when the home is not let.
Wealth tax
Applies to non-residents' Spanish assets above €700,000; rates and reliefs vary by region, plus the national solidarity tax above €3 million

Tax on rental income

Non-residents pay 19% (EU/EEA, on net income after expenses) or 24% (others, on gross income) via quarterly or annual Modelo 210 filings.

Frequently Asked Questions

What taxes do you pay when buying property in Spain?↓
Transfer tax (ITP): approx. 6–11% of price, set by region. VAT on new builds (IVA): 10% (4% in the Canary Islands, IGIC), plus stamp duty (AJD) of about 0.5–2% by region. Notary and land registry: approx. 0.5–1.5% of price. Lawyer: approx. 1% of price plus VAT.
What are total closing costs in Spain?↓
Typically 8–14% of the purchase price for a resale apartment.
How is rental income taxed in Spain for non-residents?↓
Non-residents pay 19% (EU/EEA, on net income after expenses) or 24% (others, on gross income) via quarterly or annual Modelo 210 filings.
Buying property in Spain: step-by-step guide →
Property prices in Spain →Apartments for sale in Spain →Rental yield calculator →

Last reviewed 2026-10. General information, not tax or legal advice: rates change and often depend on region and buyer status, so confirm with a local notary, lawyer or tax adviser. Sources: KPMG: Spain golden visa abolished (Flash Alert 2025-008), idealista: Regional property tax changes in 2026.