In Spain, property ownership entails several taxes that property owners must be aware of to ensure compliance with local regulations. At Svelsan International Lawyers, we provide comprehensive assistance to help you manage these obligations efficiently.
Property Tax (Impuesto sobre Bienes Inmuebles - IBI):
Taxpayers: All property owners in Spain.
Taxable item: Levied annually on the cadastral value of real estate properties.
Payment schedule: Typically due once a year, with specific dates varying by municipality.
Waste Collection Tax (Tasa de Basura):
Taxpayers: Property owners or occupants, depending on local regulations.
Taxable item: Covers the cost of municipal waste collection and disposal services.
Payment schedule: Frequency and due dates depend on municipal ordinances.
Transfer Tax (Impuesto sobre Transmisiones Patrimoniales - ITP):
Taxpayers: Purchasers of second-hand properties.
Taxable item: Applied to the transfer of ownership of existing properties.
Payment schedule: Generally payable within 30 days of the property's purchase date.
Stamp Duty (Actos Jurídicos Documentados - AJD):
Taxpayers: Individuals formalising certain legal documents.
Taxable item: Imposed on notarial acts, official documents, and some legal transactions.
Payment schedule: Typically due upon the formalisation of the relevant document.
Navigating the complexities of property-related taxes in Spain can be challenging. Our experienced team at Svelsan International Lawyers offers tailored services to ensure your tax obligations are met seamlessly:
Comprehensive Tax Assessment: We evaluate your specific situation to identify applicable taxes and obligations.
Accurate documentation preparation: Our experts handle all necessary paperwork meticulously to ensure compliance.
Timely submission: We manage the submission of tax returns and payments within the required deadlines to avoid penalties.
Ongoing advisory support: We provide continuous guidance on any changes in tax regulations that may affect your property investments.
Entrust Svelsan International Lawyers with your property tax matters, and benefit from our dedication to safeguarding your interests while ensuring full compliance with Spanish tax laws.
