When buying a second hand real estate in Spain, the following taxes and fees apply:
If you buy real estate in Spain with our agency, we will provide all additional questions, such as obtaining the foreigner identity number NIE, the change named the owner for the suppliers of water and electricity, in the tax inspection, these questions we will be for you for free except for the official fee for the NIE (about 10 euros).
And it is also important!
Our agency takes no commission from the buyer.
Thus, our services are completely free for the buyer!
So the official total cost of buying a property in Spain is about 11% in Costa Blanca.
Property Tax (Impuesto sobre Bienes Inmuebles or IBI)
This property tax, IBI, is payable annually, generally in the autumn, and is calculated on the basis of the cadastral value or the land value used by the Spanish tax office. The cadastral rating takes into account both the value of the land and the value of the building, depending on the type, location and use.
As a rule, payment of this tax for the current year lies within the responsibility of the seller of real estate in Spain.
Sometimes, if the deal is set up earlier than autumn, the money on the payment of the current tax is reserved by the broker from the sum that the buyer has received.