Increase in Andalucia Property Transfer Tax

The Andalucian Government has introduced increased tax rates on the taxes payable on the transfer of a property (impuesto sobre transmisiones patrimoniales). With effect from 1 January 2012 there are now 3 levels of tax payable on the transfer of a property as follows:

8% on the purchase price up to 400,000€
9% on the purchase price between 400,000€ and 700,000€
10% of the purchase price on any balance over 700,000€.

This tax includes stamp duty.
(Note these taxes do not apply to the first transfer of a new property when IVA will apply – see related article Your Property Purchase).

There are reductions in the rate where the purchaser is buying a home as a habitual residence, the value does not exceed 130,000€ and the person has a registered disability or is under 35 years of age.

There are further increases/changes to the tax rates payable on the transfer of garage places, and other assets.

Please contact us if you require further detailed advice on these changes.

Please note this note is intended as general guidance only. Specific advice should always be obtained.

Rebecca Kettell (Solicitor)
January 2012