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The costs that must be paid as a result of the sale and purchase of a dwelling are as follows:
Purchaser:
Payment of taxes: The transfer of a dwelling entails the duty to pay Property Transfer Tax or Value Added Tax.
Notary expenses: These are the fees due to the Notary for executing the sale and purchase deed, and are calculated on the basis of a Duty set by the Government. These fees vary in accordance with the sale price stated on the deed.
Registration expenses: These are the fees charged by the Registrar in order to record the sale and purchase at the Property Registry. As with the Notary expenses, these are calculated on the basis of a Duty set by the Government and vary in accordance with the sale price for the property.
Taxes
V.A.T.: This applies only in the case of first transfer (direct purchase from the promoter). The price to be paid is calculated as a percentage of the deed price (7% on standard property and 4% on government-funded housing). If a garage space is purchased as an independent registered property, the V.A.T. chargeable is 16%.
Property Transfer Tax: This is applicable on dwellings as from second transfer. It is charged at a rate of 7% of the deed price (although this percentage may vary from one Autonomous Region to another). On government-funded housing it may be between 4% and 7% depending on the Autonomous Region.
Stamp Duty: This is a percentage that depends on the Autonomous Region and the type of dwelling (applicable on first transfers of dwellings and on mortgage liability of mortgage loans.
Vendor:
Unless otherwise agreed in the pledge agreement or deposit, the vendor’s expenses are:
Notary’s fees
Estate agent’s commission
Taxes
Capital Gains Tax on Urban Land. This information is available from the local Council of where the dwelling is located.