Taxes on buying and maintenance of a property in Spain [2024]

[@stelacurchi9332]

Great video! I just have a quick question please. I saw a property that i was interested in, emailed the agency and beside the other costs you mentioned, there was also a huge agency tax, something over 7000€. That really seems extortionate and is one thing that i don't see mentioned in any of these videos. Can you please elaborate on that? Thanks!

[@wtgspain]

Hello! Thank you. We are not including the agency fees because in our case the comission is paid by the developper of the property.

[@stelacurchi9332]

@@wtgspain thank you for the explanation!

[@wtgspain]

@@stelacurchi9332 Glad we were helpful! Ask any questions here or in our WhatsApp, we will be happy to answer you! :)

[@medb227]

Thank you for the info, well done.

[@CadillacSlick]

Excellent video: Thank you! Very Informative series too. And I really like the properties WTG Spain represent as well; and I've watched a TON of videos on properties available for sale in Spain! When I am ready = you guys DEFINITELY got my business! Finally found a realtor to work with in Spain!

[@thecycle2worker152]

Great clear breakdown of costs, I found the best way to look at, it if you are from the U.K. is to forget the exchange rate and just count €1 as £1. Which was completely alien to the way I had been looking at what I could afford 😢 but very realistic of the actual costs.

[@wtgspain]

❤️

[@user-su7kn8zy5b]

Very clearly explained, thank you.

[@wtgspain]

❤

[@mariasharp2334]

Really useful - so clear and well explained. Thanks for this 👍

[@zentrovert]

Very good! Thanks. Probably the best explanation I’ve heard.

[@CarlyzClozet]

Thank you so much for this information. I am really thinking of buying property in Spain. This is very helpful in my decision.

[@wtgspain]

We are very happy to have been able to help you.
If you have any questions, you can ask us here.

[@bobjarnell653]

Excellent very clear !! going to put you on my speed dial

[@gedprobert9814]

excellent simple and very easy to understand very good informative video

[@wtgspain]

Thanks!❤️

[@isaachunt5799]

wow amazing video. many thanks. me and my wife will be retiring in spain in a few years time. ofc we will need to buy a villa.
if you are still around then we will contact you for help.
cheers from sweden

[@sergheisohatchi9019]

everything is very simple when explained by professionals. thanks!

[@wtgspain]

thanks!

[@nathonhamilton4524]

Thankyou.....very interesting.

[@wtgspain]

Thank you for feedback! ❤️

[@TheRmr23]

Clear and helpful - but please, take the music off the video, it makes it difficult to hear everything said and it adds nothing.

[@wtgspain]

Thank you for your comment. We will take your comments into consideration.

[@johncomerford6229]

Great info ! Most helpful . Beautiful smart woman !

[@dvrmusicentertainment]

Very standard video , right to the point

[@vivoentierra]

The tax is paid once at purchase , we have to pay property tax year after year until death in US, and local government wants to tune up house value so that they can tax more each year. Generally every 20 years the tax paid can buy another house. Spain has council fee each year, which council needs that money ? Spain seems to be more house owner friendly. Great explanation, thx.

[@wtgspain]

Hi! Thank you for the feedback. As for the council fee, that is for the local goverment to finance local services. If you have more questions - don't hesitate to get in touch with us at [phone]

[@wes4816]

Thank you so much for this!

[@p.f.912]

well done on the explanations. thank you

[@wtgspain]

Thank you so much!

[@wtgspain]

Contact Whatsapp - bit.ly/3K8rrmx

[@CadillacSlick]

And Nadine is "TOO CUTE" too lol!

[@thomascollins4291]

Thank you very helpfull

[@wtgspain]

Thanks!❤️

[@markbutcher4100]

If your non resident then you will pay a tax and probably need a gestor to do the forms for you 300/400 Most Urbanizacion fees are more like 1500 pa. the standing charge for electricity expect 50 pm before you use any. Then internet. A guy to keep an eye on the house etc all in all 4000 pa is realistic.

[@wtgspain]

Hello! In this video we made an estimation which was based in our own experience of living in Spain, so all the numbers are real. All these fees are related to the property purchase and maintenance.
You are right that there is a non resident tax, it wasn't mentioned in the video, because it's not about a property. The gestor is not obligatory. Internet - 20-30 euros. All other expenses are described in the video.

[@Giggidygiggidy12]

Can you talk about a new tax they are charging in Spain for airbnb or seasonal vacation rental properties? We own a condo near the ocean and the accountant stated that we owed some sort of 21% tax I'm not familiar with??

[@wtgspain]

Hello! It ca be an income tax, which is different for residents and non-residents of Spain. We discuss it in a separate video about renting out a property in Spain.

[@elmostafarmaidi2082]

Thanks for everything

[@chahineimarazne448]

Thank u@ helpful.
And when u invest and make lets say 10k à year benefice. How much taxes u have to pay?

[@randywiley2593]

Great info well put thx

[@wtgspain]

Glad it was helpful!

[@grzegorzjaneczko]

There are other taxes/material fees to be considered when one acquires a property in Spain. e.g. IBI tax paid each year. So add 1.1% value of your property and subjective valuation methodology.

[@wtgspain]

Hello! The video is divided in 2 parts: taxes and fees during the purchase and when you already own the property. IBI is a tax from the maintenance category, which is where you can find it. It depends on various factors, such as location, size, price of the property, etc., and is decided by the local council after the property is ready.

[@bruceketcheson4877]

Great videos you have done. I have a quick question, in your examples why is stamp duty etc calculated on the VAT price? That would be paying tax on a tax which is neither a goods or service which i thought was not the case. Wouldn't the VAT be on the 200k and the stamp duty also be on 200k and these then add together? thanks again

[@wtgspain]

Hello! Thank you for your feedback. You are correct, the stamp duty is calculated from the price of the property, like in the video: 3k is 1,5% from 200k. If you have any more details, contact us at [phone]

[@paulhart2065]

If you have something important to say, why have repetitive background music? It is not entertaining, just distracting.

[@miguelescorcio5936]

isn't there a non-resident tax. that has to be paid yearly to be added? 1.1% value of property.

[@wtgspain]

Hello! There are 2 taxes: IBI, for the property, and the non-resident tax that is not connected to the real estate, which is why it is not in the video.

[@MsElke11]

You make it sound so simple. The other Channel says I need to visit my Spanish consulate to get a Nie number. But you can get one for me even after I find the property?

[@wtgspain]

Hello! Yes, of course, our lawyers can help you to get your NIE number even after you find the property. Give us a call to + 34 965 020784 or write to our e-mail [e-mail] and we will help you!

[@jamebrow]

I'm pretty sure I also pay an imputed rent tax and a wealth tax to maintain my property each year.

[@vp2777]

If I buy a empty land of 50 acres with cave ruins for animal shelter what would be the expect annual tax to be paid or calculated ? The value of the property is 90k Euro for a Non-Resident
Option a) I just keep it as it is and visit it once a year
Option b) I do some agricultural activities like planting trees with a view to harvest after 15 years

[@wtgspain]

Hello! Everything depends on the location where you are going to buy the land, the calculation will be different for this kind of plot.

[@vp2777]

@@wtgspain teruel region. I want to know if there is still annual tax this type of property I mentioned please?

[@wtgspain]

@@vp2777 You can have this information from the owner of the land or from the townhall
.

[@vp2777]

@@wtgspain Thanks for your response.

[@wtgspain]

Thanks for your request! If you have any more questions, feel free to ask them. :)
Have a nice day!

[@user-ek5or5qc8f]

Everything was clear and you are beautiful but the prices are a rip off not good at all.

[@wtgspain]

Thank you. If there is anything else you would like to ask, we will be happy to help.

[@pavel0900]

When buying from secondary realestate market, you said to add 14% - 15% Is that on top of roughly 13% you calculated earlier? Or is it just additional 1% - 2% more when added to 13%
Thank you in advance!

[@wtgspain]

Hello! It's just an additional 1-2% because you don't pay VAT of 10% when you buy a resale.

[@tinofapples]

@@wtgspain that answers a query I might have, no VAT on a second hand property, yes ?

[@fineartlifestyling]

I would like to know if purchasing a 500 000 euro property to obtain a golden visa, does the purchase price of 500 000 include the VAT and all the closing costs?

[@wtgspain]

Hello! No, the conditions for receiving a Gold Visa state that you have to invest 500,000 euros in a property excluding the taxes.

[@anai1895]

Hello. When buying an obra nueva I understand I pay VAT and AJD which is a percentage depending on the community I choose. to live in. When closing the transaction with the notary do I have to pay again 10% for the escrituras. Someone told me that. I have no clue. I will appreciate your answer. Thank you so much!!!!

[@wtgspain]

Hello, AJD varies if you are resident it is 0,1% and if you are non- resident it is 1.5% from the property price. The 10% VAT is paid from at the notary only once when purchasing the property. If you have any more questions, please do not hesitate to contact us.

[@anai1895]

@@wtgspain Thank you so much for your answer!!

[@collateralopinion]

Do you guys provide service to acquire Golden Visa in Spain ?

[@wtgspain]

Hi! Yes, of course! Call us or write to our WhatsApp, please, for more information: wtgspain.com/link/apply

[@quinosonic82]

La presentadora es argentina, no? Me da esa sensación y estoy dispuesto a apostar 100 ar$, que si lo conseguís barato, es un alfajor.

[@jasonsweb1]

hi.if i gain residency after 5 years living in Spain and renting, when I become a Spanish resident what is the purxhase vat is it still 10% for Spanish residents?

[@wtgspain]

Hello Mr. Jaison, regarding your question about the VAT that is paid in Spain, I inform you that both as a resident or non-resident in Spain the amount will be the same 10%. Thank you

[@michaelkenny3142]

Are the taxes for Stamp Duty 1.5% if its a property that has already been lived in and the costs for connecting the utilities if they have already been used?

[@wtgspain]

In stain the Stamp duty can be fixed or variable. Purchasing a new property the stamp duty is variable (from 0.5% - 2%), purchasing a resale property, the stamp duty will be fixed. It is estimated at 0.30 euros per sheet and 0.15 per page. I the property has already been used, usually all the utilities are connected.

[@davidvanlalrova1384]

What about Property tax???

[@wtgspain]

Good day! Please clarify what exactly interests you?

[@DallasPhool]

Property tax exists Only In America

[@Hansen710]

@@DallasPhool no we have that in europe also..
my last house cost around 20.000$ a year.
now i live in one that costs 500$ every year

[@dennisgarcia1183]

Background music it’s annoying, sorry 😢

[@wtgspain]

Thank you for your comment. We will take it into consideration

[@hengyan6232]

I want to spend half a million to one million to buy a property. Unfortunately, after that, spain will want to tax my assets in other countries if I live in Spain...
Too sad, this mentality of Spain. No real rich people will want to move there

[@sergheisohatchi9019]

Why do you think so? You're wrong!

[@hengyan6232]

@@sergheisohatchi9019 really? Tax residence, living in Spain mor than 183 days a year, all your income in the works should be taxed in theory. Of course, you can hide, but it's a time bomb

[@zentrovert]

True. Communism (PCTE) is getting stronger within government.

[@lolitarouge]

If you become a *RESIDENT* then they obligate you to declare your assets abroad.. They often entitle themselves to 20%/year of the value of your assets. THIS is what I have known for many years..
IT IS NECESSARY TO BE AWARE AND TO BE VERY CAREFUL. YOU ARE RIGHT

[@MsElke11]

@@hengyan6232 but if you live less than 6 months you don't have to pay your income tax, so just rent out your home