Costa Blanca

Resale: approximately 11%

New build: approximately 13.5%

Costa del Sol

Resale: approximately 9%

New build: approximately 13.2%

Indicative figures for standard transactions. Actual costs vary depending on the property, purchase price, buyer circumstances and applicable tax rates.

Other costs to bear in mind:

Property Ownership Tax (IBI): This is the local tax which is paid annually and based on the cadastral value “valor catastral” (0.5-1%).

Income Tax for Non-Residents & Residents.

Wealth Tax: Payable annually, based on the value of total net assets as of 31st December of each year after the free allowance of 700 000 €.

Rubbish Collection Tax.

Water supply and Sewerage Tax.

Electricity.

Community expenses – if you are in a community of owners.

Interest rates: Mortgage rates vary depending on the bank and applicant. As a current reference, the 12-month Euribor was 2.954% in August 2026.

Spanish Residents

IBI, insurance, maintenance, repairs, mortgage interest and property management/agency fees can generally be deducted. For long-term residential rentals, a 50% tax reduction normally applies to the remaining profit, with higher reductions possible in certain cases.

Non-Residents

If you are resident in the EU/EEA, many of the same property-related expenses can generally be deducted, and the rental profit is taxed at 19%. For other non-residents, the general rate is 24%, and expenses generally cannot be deducted.

For non-residents: The buyer must retain 3% of the sale price and pay it to the Spanish Tax Agency on your behalf. You then declare the actual capital gain and pay 19% on the taxable gain. The 3% already withheld is deducted from this amount; if you have paid too much, you can claim a refund.

Example:

*The actual taxable gain may be lower because certain purchase and selling costs and qualifying improvements can be taken into account.

If you own a property in Spain and are not a Spanish tax resident, you may have to pay annual non-resident income tax even if you do not rent out the property.

The tax is calculated using the property's cadastral value. For EU/EEA residents, the tax rate is 19%; for other non-residents, it is generally 24%.

Example: A property with a cadastral value of €90,000 could result in an annual tax of roughly €190–€430, depending on the applicable cadastral percentage and the owner's tax status.

Yes, this will be practically your Spanish Tax Number. Foreign buyers need a Spanish NIE (Foreigner Identification Number) for the purchase and related tax and administrative procedures. We can assist you with the process.

Typically: choose a property → make an offer → sign a reservation/arras contract → complete the legal checks → sign the purchase deed at the notary → pay the taxes and register the property. The exact process can vary depending on the property and whether you use a mortgage.