Taxes and expenses

For the purchase of this property at a price of €799,000, as this is a newly built property sold by a construction company, the buyer must pay Value Added Tax (VAT) at the current rate of 10% applicable to residential properties.

This tax is calculated directly on the purchase price. On €799,000, a rate of 10% is applied, which amounts to €79,900.

Therefore, the total amount including VAT would be €878,900.

Additionally, as the transaction is subject to VAT, the Property Transfer Tax (ITP) does not apply. However, Stamp Duty (AJD) must be paid, which in Catalonia is 1.5%. On €799,000, this amounts to €11,985.

To this tax must be added the usual costs of formalizing the purchase, such as notary, land registry and, where applicable, administrative fees, which usually range between €1,500 and €2,500 in total.

Consequently, the buyer should expect total costs of around €95,000, meaning that the total estimated outlay to acquire the property for €799,000 would be around €894,000 including taxes and expenses.