Many foreign buyers plan their budget based on the listing price alone — and get surprised by the extra costs.
In Spain (and especially in Valencia), taxes and fees add 10% to 13% to your total investment.
This guide breaks down every cost so you can buy safely and with full transparency.
💶 Main Property Purchase Taxes in Valencia
1. ITP (Impuesto de Transmisiones Patrimoniales) – 10%
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Applies to resale properties (not new builds)
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Paid to the Valencian regional tax office
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Must be paid within 30 days of signing the deed
📌 For a €300,000 resale flat in Valencia, ITP = €30,000
2. VAT (IVA) & AJD (Stamp Duty) – 10% + 1.5%
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Applies to new build properties (direct from developer)
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10% VAT on the purchase price
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1.5% AJD (Actos Jurídicos Documentados) on the notarized deed
📌 New €300,000 apartment → €30,000 VAT + €4,500 AJD = €34,500 total
🖋️ Notary, Registry & Legal Fees
Fee | Typical Cost |
---|---|
Notary fees | €600–€1,200 depending on price & complexity |
Land Registry | €400–€1,000 depending on size of property |
Gestor/Administrative | €250–€500 (optional if using a lawyer) |
Lawyer fees | Fixed (€1,500–€3,000) or % based (0.5%–1.5%) |
✅ At Borderless Lawyers, we offer fixed-fee legal packages for foreign buyers.
🏦 Banking & Currency Transfer Costs
Spanish Bank Setup
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Some banks charge non-resident account fees
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We help open buyer-friendly accounts with minimal overhead
Currency Exchange
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Consider using currency brokers to save on transfer fees and exchange rates
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Avoid using your domestic bank — the rates are worse
✅ We can recommend secure providers for large cross-border transfers.
🏘️ Annual Property Costs After You Buy
Once you own the property, expect these yearly taxes:
Tax | Amount |
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IBI (Municipal Property Tax) | 0.4%–1.1% of cadastral value |
Basura (Rubbish Collection Fee) | ~€100–€200/year |
Community fees (if applicable) | Varies — €40–€150/month typical |
Non-resident income tax (Modelo 210) | Applies even if not rented; based on % of cadastral value |
🧾 Who Pays Which Costs in a Valencia Property Sale?
Cost | Buyer or Seller? |
---|---|
ITP / VAT / AJD | Buyer |
Notary fees | Shared, but buyer often pays |
Land Registry | Buyer |
Plusvalía (local gain tax) | Seller |
Lawyer fees | Each pays their own |
✅ We ensure clear cost breakdowns in all contracts to avoid confusion.
🔍 Avoid Surprises With Full Legal Guidance
Our legal team in Valencia will:
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Calculate your full tax & cost forecast
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Help avoid overpaying through negotiation
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Explain implications for residency, tax, and inheritance
You’ll know your true total investment from day one.
📞 Need Help Understanding Your Tax Scenario?
Whether you’re buying to live, rent, or invest — Borderless Lawyers ensures you stay compliant and cost-efficient.