When a non-tax resident in Spain sells a property here, the law requires the buyer to withhold 3% of the sale price and pay it directly to the tax authorities. This percentage often catches people’s attention, but it’s important to clarify that it is not an extra cost or a new tax, but ...
In Spain, it’s common for the ownership of a property to be split after an inheritance: typically, a parent keeps the right to use and benefit from the property for life (known as usufruct), while the children hold the legal ownership (known as bare ownership). But what happens if everyone ...
The Statute of Rural Municipalities enters into force, aiming to curb depopulation and make it easier for more people to settle there. Lower taxes on the purchase of homes located in rural municipalities:4% in rural municipalities3% in rural municipalities of special concern Home renovations will ...
New tax shift in Catalonia: ITP increases for homes over 600,000 euros From June 27, 2025, purchasing a high-value property in Catalonia will be more expensive. The government has approved a new progressive scale for the Property Transfer Tax (ITP), which replaces the old fixed rate of 10%. Now, ...
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