The transfer tax is a tax levied on second and subsequent transfers of real estate. It is a tax applicable to the resale of property and the main tax to be paid when buying real estate. It is also applicable to the sale and purchase of movable property.
Want to know what your purchase will really cost? Our free property purchase cost calculator estimates the ITP, notary and Land Registry fees in seconds.
General applicable rate for ITP Andalucia
The general rate of transfer tax in Andalucia is 7% of the purchase price or the reference value given by the administration. Following the latest legislative changes, the deadline for payment of this tax is 2 months from the signing of the public title deed of purchase.
The general rate for movable property is 4%.
Reduced rates for main residence
The law establishes a reduced rate of 6% for the acquisition of a principal residence if the value of the property does not exceed 150,000 euros and also for the acquisition of a principal residence by persons under 35 years of age in which the value of the property does not exceed 150,000 euros. In the latter case, the applicable rate is 3.5% in Andalucia.
Reduced rate for real estate professionals
Similarly, the law determines a reduced rate for real estate professionals. This is a case applicable to professionals who acquire a property to incorporate it into their circulating assets, in which case a reduced rate of 2% is stipulated, on the condition that the property has been transferred within a maximum period of 5 years.
Autonomous community jurisdiction over the ITP in Andalucia
Competence over the transfer tax is transferred to the autonomous communities, hence the rates we refer to here for the Autonomous Community of Andalusia are not applicable in other regions of Spain, so that the specific case of the place where the property is located will have to be taken into account to determine the rate applicable to each transaction, and the general rate can vary between 6% and 10%.
Know more about the transfer tax regulation > Junta de Andalucía
