Reduction in Property Transfer Tax
Spanish Property Sold Properly
  • : (0034) 952 90 52 00
Spanish Property Sold Properly
  • : (0034) 952 90 52 00

Reduction in Property Transfer Tax

Buying a property in Andalucia, Spain is now somewhat less expensive


Junta de Andalucia reduce property tax

The Junta de Andalucia have today announced a reduction in Property Transfer Tax. This is the tax paid by the buyers of second hand properties in Andalucia which, of course, includes Marbella and the Costa del Sol.

Whereas we had a graduated rate of 8%, 9% and 10% previously, the new rate is a straightforward 7%, whatever the price of the property you are buying. This change will be in force from 28th April 2021 until 31 December 2021

For the buyer of a 200,000 Euros property  this is a saving of 2,000 Euros whereas buyers paying 1 million Euros will see an amazing saving of 30,000 Euros.

This stimulous by the Andalucia Government is aimed to give a boost to the property market and is generally welcomed by all of us who are involved

 


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