While Spain is famous for it’s sun, sand and sangria, undeniably it is a world-beater when it comes to taxes! They are literally everywhere you look and it is easy to get confused by the endless acronyms. Here we highlight the principal property taxes in Spain that you are likely to come across when buying a property.
In general the principal taxes or charges in Spain can be grouped as follows:
- IVA (VAT)
- ITP (Impuesto Transmisión Patrimonial)
- IBI (Impuesto de Bienes Inmuebles)
- Capital Gains tax
- Plusvalía tax
- La Comunidad
- Other Charges
Property owner in Spain? Need help managing non-resident and rental income tax in Spain?