New Property	Second hand Property	Building Plot
Building plot value 16% IVA	None	Land Value 7% IVA
Declared property value 7% IVA	Declared value 7% Transfer tax –ITP	None
Notary fees & Land Register fees 1% (Approx)	Notary fees & Land Register fees 1% (Approx)	Notary fees & Land Register fees 1% (Approx)
Title deed tax 0.5% (Declared Value)	Title deed tax 0.5% (Declared Value)	Title deed tax 0.5% (Declared Value)
Capital Gains Tax Payable by the seller (Variable sum if applicable)	Capital Gains Tax Payable by the seller (Variable sum if applicable)	Capital Gains Tax Payable by the seller (Variable sum if applicable)

Buying villas generate a 10 % of cost over the value of the property you would like to buy, and this amount is added to the price of the property.

We can make an example, calculating the total cost of a property valued at 100.000 euros:

IVA (New properties , equivalent of VAT at 7%)	7.000
Stamp duty (On new Properties at 1%)	1.000
Legal fees ( Lawyers fees at 1%)	1.000
Notaries fees (Approx 0,5%)	500
Land Registry & Gestoria fees (Approx 0.5%)	500
Total	10.000

Taxes not always applicable in the process of buying villas in Spain:

Plusvalia tax : It is a local tax applicable when you buy a second hand property/resale property and based on the increase of the value of the land since the last sale.

Water and electricity connection charges: applicable only for new properties.

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