Stamp duty, mortages and taxes-
we got you covered before and after-purchase

Buying a property in Barcelona can be an exciting, but also daunting, experience. But don't worry, we got you covered. Our team has the expertise and knowledge to guide you through the local regulations and laws to make sure you get the best deal possible. This also includes post purchase care and management of your property.

Navigating Stamp Duty in Spain

First of all, let's talk about stamp duty. This is also known as the Impuesto de Transmisiones de Patrimonio (ITP) in Spain, and it's a tax that you'll need to pay when you purchase a property. However, the good news is that there are ways to reduce the amount of stamp duty you need to pay. For example, if you're a first-time home buyer, you may be eligible for a reduced rate. Or if you're buying a property that's been designated as a "protected property" (such as a historical building), you may also be eligible for a reduced rate. Our team at BREA can advise you on how to reduce the stamp duty you'll need to pay.

Expert Mortgage Assistance for Foreign Buyers

When it comes to mortgages, we can help you navigate the process of getting a mortgage from both Spanish and non-Spanish banks. Spanish banks have different requirements and processes than banks in other countries, so it's important to have a good understanding of how it all works. Our team has experience with both Spanish and non-Spanish banks, so we can help you get the best deal possible. You can read more about mortgages and mortgages brokers here:

Acquisition Secure Financing and Expert Assistance to Close the Deal

Effectively Pay Taxes in Spain

Lastly, remember that when you own a property in Spain, you'll also need to pay taxes. We can provide professional accounting services that will help you declare your earnings and pay the appropriate taxes. Additionally, it's worth noting that the tax regime in Spain is relatively advantageous, as it allows you to deduct certain expenses and the final rate of tax for non-Spanish residents is between 19% and 24% depending on your place of residence.

In summary, purchasing property in Barcelona can be a bit of a minefield when it comes to stamp duty, mortgages and taxes, but with the help of our expert team at BREA, we can ensure that the process is as smooth and stress-free as possible. We can advise you on how to reduce your stamp duty, help you get the best mortgage deals, and provide professional accounting services to help you navigate the tax system. Trust our experience, when it comes to buying and managing property in Spain.