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The purchase of a property of a second transmission, that is, second-hand, involves addressing the payment of the Tax on Patrimonial transfers and Documented Legal Acts , in the form of Taxable capital transfer.
The tax base is constituted by the value of the property, but the tax rate varies in function of each autonomous community, with large inequalities : for example, you could pay less tax by buying in Madrid than in Ibiza.
From Legálitas warn that it is essential that, when acquiring a property of a second transmission, the client will be careful with two aspects: to respect the value of tax and see the tax rate that corresponds to it and if there’s any bonus that do you to pay a lower amount.
The tax value is the minimum value of market that marks the ministry of Economy and Finance of the autonomous community in which the property is situated, in such a way that the transfer Tax shall be paid for the purchase value.
however, since Legálitas warn that you should always respect the tax value , because, if we acquired below this value, we can face a possible procedure of checking values, in which the community will send us a settlement proposal, requesting the difference between what we paid and what we should have paid the Property transfer Tax, plus appropriate interest.
with Respect to the tax rate, in some autonomous communities in recent years there has been increasing markedly, and in others, however, it has been declining.
Andalusia
For example, the Community of Andalusia provides a tax rate ranging between 8% and 10% depending on the value of the property , and set a rate of 3.5% in some cases and under some circumstances, among which we highlight that the case of under 35 years of age, people with disabilities or large families, but always remember that you have to study each case specifically to see if it fits or not to the regulations.
Aragon and Asturias
Both Aragon, as Asturias have chosen also by set percentages based on the value of the assets that are acquired, setting its minimum rates by 8% , and rewarding in Asturias acquisitions of Public housing.
Baleares
For its part, the Balearic Islands have a special scheme depending on if the property is going to be intended for the residence of the taxpayer, and if the acquisition value is less than or equal to 200,000 euros, in which case it is taxed at 5%.
however, you should pay special attention, because Balearic islands is one of the communities in which higher can be the tax on patrimonial transfers , and that is, if it is not intended to the regular home and depending on the value of purchase, can come to be paid a 11%. As a curious detail, it should be noted that the garages have a special tax.
Canary islands
The canary islands opts for a general rate of 6.5% . Is one of the autonomous communities in which more favorable to buyers is the tax, and rewarded equally to the purchasers of a primary residence, because it lowers the tax rate to 5%, provided that the price of the housing does not exceed 150,000 euros, among other things.
Castile-La Mancha
set a general type 9% in Castilla-La Mancha, but, in the case of usual residence and who meet the requirements established in the regulations, you can reach the 6%.
Castile and León
You can expect to pay 10% of the value of the property in Castile and León if you exceed the 250,000 euros, however, the general rate is 8% . In the case of large families, disabled and under the age of 36 years, can be taxed at 4%, but we emphasize that there is to see if it complies with specific rules, because it usually required several requirements.
Catalonia
Is set in Catalonia up to one million euros 10% and, from the million euros, 11%, but, equally, provides for lower rates for the disabled, large families or houses of official protection.
Extremadura
The tax rates range between 8% and 11% , in such a way that, if the value of the property exceeds 600,000 euros, the tax is 11%, which is the highest in Spain, but there are also rebates on the rates when the property goes to the regular home.
Galicia
set your general type in a 10% , which is high, but large families, disabled and aged under 36 years who intended the house to its usual home, among other requirements, they set a 3%, which is very interesting.
Madrid
Is one of the autonomous communities in which the lower the tax, since is set in a 6% , and with a bonus of fee if certain requirements are met. In addition, it favours large families that meet the standards set out in the regulations, applying to a 4%.
Murcia
Set the general type in a 8% , but there are also lower rates for large families, under 35 years of age, or disabled persons.
La Rioja
You can get to pay a 3% on the basis if certain requirements are met, but the general rate is 7%.
Valencia
Is one of the tax rates higher, as taxed at 10% , but there is a bonus on the basis if you buy certain types of property, or acquire real estate, the names of the people with disabilities or large families among others.
