Property tax:
(=Impuesto sobre bienes inmeubles)
The owner of the property pays between 0.3% and 0.6% property tax. The percentages differ from county to county. Both residents and non-residents pay property tax.

Property tax (Capital tax):
(=Impuesto extraordinario sobre el patrimonio)
Property tax for people non resident in Spain.For foreigners without a stay-permit the property tax is not free of tax. For every peseta you pay tax for your property. The percentage is 0,2% of the official value of your property, up to 26,8 million pts. From 26,8 up to 53,5 million pts. you pay 0,3%, from 53,5 to unlimited you pay 0,5%.For someone who lives in Spain there is a free of tax amount of 25 million pts. For higher amounts tax is progressively, from 0,2% up to 2,5%.

Tax on the increase property value:
(=Plusvalia)
When you sell your house and land you always pay tax to the community; notwithstanding the period of being the owner.

Capital gains tax:
(=Impuesto sobre incremento de patrimonio de la venta de un bien inmueble)
A Spanish citizen presumably will not pay tax for his permanent houseownership, when this profit is re-invested in buying a new house. When the last property was cheeper, the tax for the profit gained will be 18%, excluding specific deductions.When a Spanish citizen sells his holidayhouse with a profit, he has to pay 18% taxes, excluding specific deductions, even when this profit is re-invested in a new holidayhouse. Someone not registered in Spain has to pay 35% tax of the profit. The buyer will keep 5% of the amount and pay it directly to the Spanish gouvernment as a kind of pre-tax.The Spanish gouvernment is clever now; the buyer now is responsible for paying this tax. When he doesn't do so, he will be responsible in case the house-seller is ‚gone' and left the country.When you are a houseowner longer then 2 years at the 31st.12.1996, you have the right for a deduction of 11,11% for every year the house was your property before that date.

Transfer tax :
(=Impuesto de Transmisiones Patrimoniales)
When you buy the house from a privat person, you pay 7% of the official value. When you buy the house from a professional land broker, you pay the Spanish VAT.
We hope that this has proven informative. If you have any concerns you can always contact Villa Costa Brava, we would be delighted to be of your service.