Purchase taxes
Resale homes. Since 1 June 2026, the general transfer tax (ITP) rate in the Valencian Community is 9%, and 11% when the property’s value exceeds €1 million. Reduced rates apply in specific cases, such as a first main residence for buyers under 35, large or single-parent families and buyers with a qualifying disability, subject to value and income limits (Ley 13/1997 valenciana (opens in a new tab), article 13). Where a cadastral reference value (valor de referencia) exists, ITP is charged on the highest of that value, the declared value and the agreed price. The reference value is different from the cadastral value on the IBI bill. Guides online often still show the earlier 10% rate.
New homes from a developer. For a standard first sale of a new home: VAT (IVA) at 10% plus stamp duty (AJD) at the general Valencian rate of 1.4%. A reduced AJD rate of 0.1% can apply to the purchase of a main residence that meets the legal conditions, not to a second home.
No surcharge for non-residents. The Valencian rates depend on the transaction, the value and the conditions for reliefs, not on the buyer’s residence or passport. The reduced rates for a main residence depend on their own conditions.
Fees
Notary and Land Registry charges follow statutory tariffs, with legal reductions and additional items such as copies and VAT. Ask for an itemised estimate before signing, and agree your lawyer’s fee separately and in writing.
What to plan for
| Cost | Resale | New build |
|---|---|---|
| Purchase tax | 9% ITP | 10% IVA + 1.4% AJD |
| Notary, registry, lawyer | statutory tariffs plus legal fees | same |
| Planning allowance | around 12% on top of the price | around 14% on top of the price |
These planning allowances are conservative estimates for an ordinary resale home subject to 9% ITP or a new-build second home subject to 10% VAT and 1.4% AJD. They do not cover every purchase, including resale properties subject to the 11% high-value rate. Assuming the purchase price is the taxable base and no reduced rate applies, the tax alone on a €300,000 home is €27,000 on a resale against €34,200 on a new build bought as a second home.
General information, not advice. Confirm your position with a Spanish lawyer or tax adviser.
