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What tax I have to pay if I buy a existing property from a private individual ? You have to pay transfer tax which is a tax on the passing of title to property. This kind of indirect tax is typically imposed where there is a legal requirement for registration of the transfer and must be paid within 30 days of signing the title deed. What is the applicable tax rate of transfert tax ? 6-7% of the declared value of the property in the public deed What is the relation between VAT and Transfer Tax ? This tax is not to be paired with VAT, which means that under no circumstance you will be liable to both taxes on a single property What is the relation between Stamp Duty and Transfer Tax ? If the purchase is subjet to transfer tax, it is not subjet to Stamp Duty What happen if the private individual is a non-resident with no permanent establishment in Spain ? The seller is obliged to withhold and remit 3% of the agreed valuable consideration by way of account payment in respect of the tax to be paid by the non-resident and remit such payment to the Spànish Treasury Department.
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