Finance & TaxesWhen buying or selling a property in Spain, questions often arise about municipal taxes, particularly the IBI (Impuesto sobre Bienes Inmuebles, property tax) and the basura (waste collection tax). Who is actually responsible for paying these taxes when a property changes hands?
Finance & TaxesAnyone who lives, works, invests or owns property in Spain increasingly has to deal with digital government services. Taxes, social security and many administrative procedures are now handled almost entirely online. In all these cases, you need some form of digital identification or electronic signature.
Finance & TaxesUntil the end of 2021, the purchase of existing property in Spain was subject to 10% registration (notarial transfer tax) or ITP. As of 1 January 2022, there will be a change in the calculation of transfer taxes. The cadastral reference values will now also be taken into account. We have summarised the new rules for you below: