Beyond the purchase price, foreign buyers must plan for several legal and tax obligations. These costs vary depending on the type of property and your residency status.
Here’s what you need to budget — and how to stay compliant.
💰 Main Taxes When Buying Property in Valencia
🏘️ 1. Transfer Tax (ITP) – Resale Properties
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Rate: 10% of the declared purchase price
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Who pays: Buyer
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Deadline: Within 30 working days after signing the notarial deed
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Where to pay: Valencia’s regional tax office
📌 Applies to second-hand homes (not new builds).
🏗️ 2. VAT (IVA) + Stamp Duty – New Builds
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VAT (IVA): 10%
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Stamp Duty (AJD): 1.5% in Valencia
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Total: 11.5%
📌 Paid on developer-sold new properties (direct from builder).
🏛️ 3. Notary and Land Registry Fees
These are regulated and vary by price and complexity.
| Purchase Price | Estimated Cost |
|---|---|
| Up to €250,000 | €1,000–€1,300 |
| €250,000–€500,000 | €1,300–€2,000 |
| €500,000+ | €2,000+ |
📌 Includes:
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Notarial deed
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Land registration
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Certified copies
🧾 4. Plusvalía Municipal (Capital Gains Tax for the Seller – but you may pay it)
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Municipal tax on the increase in land value since last sale
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Usually paid by the seller, but contracts may shift the cost to the buyer
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Based on cadastral value and years of ownership
📌 We always check the contract to avoid surprise liability.
🧑⚖️ Legal Fees for Foreign Buyers
Our legal services include:
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Due diligence
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Contract drafting and negotiation
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Notarial coordination
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NIE and tax setup
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Registration and post-sale tax filings
💼 Legal Fee Range:
| Property Value | Estimated Legal Fees |
|---|---|
| Up to €300,000 | €1,800–€2,500 |
| €300,000–€600,000 | €2,500–€3,500 |
| Over €600,000 | Custom quote |
📌 We offer fixed-fee packages with no hidden costs.
🏠 Ongoing Taxes After You Buy
💶 IBI – Annual Property Tax
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Paid yearly to the town hall
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Based on cadastral value
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Average: €200–€800/year depending on property
🌍 Non-Resident Income Tax (IRNR)
Even if you don’t rent out your property, non-residents must:
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Declare a deemed income
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Pay 19–24% depending on nationality
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File annually (Modelo 210)
✈️ Can Borderless Lawyers Handle All Taxes for Me?
✅ Yes. We handle:
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ITP or VAT payments
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Registration and notary coordination
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Annual tax filings for non-residents
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Plusvalía declaration (if applicable)
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Communication with the Valencia Tax Agency
📌 We also act via Power of Attorney if you’re buying remotely.
💡 Example: Apartment Purchase in Valencia (€320,000)
| Item | Amount (€) |
|---|---|
| ITP (10%) | €32,000 |
| Notary & registry fees | €1,600 |
| Legal fees (est.) | €2,500 |
| Total Estimated Costs | €36,100 |
✅ All handled by Borderless Lawyers — safely and with clear communication.
📞 Ready to Buy Property in Valencia Without Tax Surprises?
We help foreigners budget, calculate, and legally structure their purchases — with no hidden costs and full bilingual support.