Andalusia extends indefinitely its tax breaks on buying property
1 December 2021
By ML
Director of Alanda Properties
Andalusia approved a new law in October ’21 which has made the transitory tax breaks on buying property permanent.
This means Andalusia has now become the region of Spain with the lowest taxes (along with liberal Madrid).
The point being is that if you are thinking of buying a property in Spain, and you like to pay few taxes, think Andalusia.
Below you can find the permanent tax rates that apply in the region of Andalusia on buying property:
1. Property Transfer Tax (on buying resale)
|
Residential property sale price |
Tax rate |
|
Any |
7% |
2. Stamp Duty (on buying off-plan)
|
Off-plan residential property sale price |
Tax rate |
|
Any |
1.2% |
Buy-to-let, a sound investment
As we have been recommending over the years, buying property with a view to rent them out as a holiday accommodation is a hugely profitable business. EU-resident landlords can apply for lenient tax relief, which on average is 70%, or more, of their tax bill.
Just ask us, our friendly staff will guide you throughout the whole process.
We make buying properties in Spain simple and safe.
Contact me at Alanda Properties if you are buying or selling property on the Costa del Sol and Sotogrande. You will be surprised to learn the deals this new market has to offer on prime locations.
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