Property transfer tax in Spain

Posted by

GB Abogados

August 5, 2026

On August 5, 2026

When purchasing a property in Spain, one of the most critical costs for international buyers is the Property Transfer Tax, known locally as Impuesto de Transmisiones Patrimoniales (ITP). Understanding this tax is vital for accurate financial planning, as it is a significant upfront expense that varies depending on the property’s location and status.

What is ITP?

ITP is an indirect tax applied to the purchase of resale (second-hand) residential properties. It is the buyer’s responsibility to pay this tax.

It is important to distinguish between property types:

Resale Properties: These are subject to ITP.
New-Build Properties: These are typically subject to VAT (IVA) at 10%, plus Stamp Duty (AJD), rather than ITP.

How is ITP calculated?

The tax is calculated by applying a regional percentage to the “taxable base” of the property. Since 2022, this base is determined as the higher of the declared purchase price or the official Valor de Referencia (Reference Value) assigned by the Spanish Cadastre.

2026 ITP Rates by Autonomous Community

ITP rates are set by each autonomous community, leading to significant regional variations.

The following table provides the general rates for 2026.

Please note that many regions offer reduced rates for specific groups, such as young buyers, large families, or purchases of primary residences, which may differ from the general rate listed below.

Autonomous Community	General ITP Rate (2026)
Andalucía	7%
Aragón	8% – 10% (progressive)
Asturias	8% – 10% (progressive)
Balearic Islands	8% – 13% (progressive)
Canary Islands	6.5%
Cantabria	9%
Castilla-La Mancha	9%
Castilla y León	8% – 10%
Catalonia	10% – 13% (progressive)
Ceuta	6%
Madrid	6%
Murcia	8%
Navarre	6%
País Vasco	7%
La Rioja	7%
Valencian Community	9% (from 1 June 2026)
Extremadura	8% – 11%
Melilla	6%

Note: In the Valencian Community, the general rate was reduced from 10% to 9% for properties valued up to €1,000,000, effective from 1 June 2026. For properties exceeding €1,000,000, the rate remains 11%.

Comprehensive Conveyancing Services for International Clients

Navigating the Spanish property market as a non-resident can be complex, particularly when dealing with unfamiliar legal systems, different languages, and regional tax obligations.

At Gascón Bernabéu Abogados, our team of English-speaking Spanish solicitors provides a seamless, end-to-end conveyancing service designed specifically for international clients.

Our comprehensive approach includes:

Full Legal Support: We guide you from the initial paperwork and title deed checks to the final signing at the Notary.
Power of Attorney (POA) Expertise: If you cannot travel to Spain, we can act on your behalf using a carefully prepared Power of Attorney. This allows us to sign documents, manage property registrations, and handle utilities and tax filings without you needing to make repeated trips.
Tax Compliance: We ensure all relevant taxes, including ITP, are calculated and paid within the strict legal deadlines to avoid penalties. We also provide guidance on ongoing non-resident tax obligations, such as Modelo 210.
Proactive Problem Solving: We address potential complications—such as outstanding debts, community fees, or registry issues—before they cause delays.
Clear Communication: We act as your partner, explaining Spanish legal complexities in plain English so you remain informed and confident throughout the transaction.

Whether you are buying a holiday home, an investment property, or relocating permanently, we ensure your interests are protected and the process remains stress-free.

Book a No-Obligation Consultation

If you are considering buying property in Spain and would like expert guidance, we invite you to speak with us. We offer a free, no-obligation consultation to discuss your specific situation and explain how we can assist you.

Contact Gascón Bernabéu Abogados: