Spanish Property Market
International experts agree that the Property market continues to attract buyers from many countries. Many buyers in Andalucia are continuing to take advantage of the reductions in taxes that took place some years ago and have continued into 2025. In Andalucia the principal property tax transmission tax – ITP – on resales is currently 7%. […]
Joint property ownership – Declaring Joint ownership or bringing it to an end
If you are a joint owner with your spouse, civil partner or with a friend it is important to consider the obligations and tax implications if you sell or inherit half of the property. Equally, some married couples or partners were advised to put the property in one name but now find that their spouse […]
Major changes to Spanish Town Hall taxes on sales and inheritance – plus valia
Making the property market even more interesting in Spain is a major change to the local taxes normally payable by vendors or inheritors of property – the plus valia – or local capital gains improvement tax. The varying rates charged by different municipalities, particularly when there could be a very large variation between two neighbouring […]