TaxationAlso: Spanish VAT

IVA

Spanish VAT due on the purchase of a new-build home, generally 10%.

The IVA, Spanish VAT, applies to the purchase of a new-build home sold by a developer. The reduced rate for a home is generally 10%, and 4% for certain protected homes of the VPO type.

For a new-build, the buyer pays IVA plus AJD; for a second-hand property, they pay ITP instead.

For the seller

If you sell a new-build as a developer or professional, the sale falls under IVA; for a private individual reselling their home, it is ITP that applies.