At Finques Costa Brava, we accompany our clients not only during the search and purchase process of their home, but also in the subsequent steps, which are equally important. Once the purchase of a property on the Costa Brava is finalized, various tax and maintenance aspects come into play that you should be aware of to optimize your investment and avoid surprises.
Taxes after purchasing a property
When you buy a home in Catalonia, you should be aware that there are taxes associated with the transaction. Among the main ones are:
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Property Transfer Tax (ITP): This applies to resale properties and ranges from 10% to 11% depending on the property’s value.
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VAT: In the case of new construction, the buyer pays 10% VAT, in addition to 1.5% Stamp Duty (AJD).
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Property Tax (IBI): This is an annual municipal tax that depends on the property’s cadastral value.
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Homeowners’ Association fees (in the case of flats or apartments).
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Basic utilities such as water, electricity, gas, and telecommunications.
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Home insurance, highly recommended for both primary and secondary residences.
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Maintenance and minor repairs necessary to maintain the property’s value.
In coastal towns like Tamariu or Llafranc, where the Humidity and salinity are factors to consider; regular maintenance of woodwork, roofs, and facades is advisable.
Deductions and Investment Optimization
In certain cases, it is possible to benefit from tax deductions or economic advantages:
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Energy Efficiency Renovations: some actions such as installing solar panels or improving insulation can provide access to grants or subsidies.
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Tourist or Long-Term Rentals: legally declaring the property as a rental can generate additional income and, at the same time, allow you to apply for deductions related to property expenses.
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Protected Heritage: In specific cases, some historic or listed properties offer tax benefits.
Your Ally on the Costa Brava
At our real estate agency in Palafrugell and Tamariu, we not only help you find the ideal home, but we also offer comprehensive support to ensure your investment is secure, profitable, and hassle-free. Understanding taxes, planning maintenance, and taking advantage of potential deductions are key to fully enjoying your new home on the Costa Brava.
If you’re thinking about buying a property, trust us: we are local specialists who will guide you every step of the way, before, during, and after the purchase.
