Stamp DutyThe ITP (Impuesto de Transmisiones Patrimoniales) is the tax paid when purchasing a second-hand property (it does not apply to new builds, which are subject to IVA (VAT) and a different kind of stamp ... More (AJD, El impuesto de Actos Jurídicos Documentados) is payable when purchasing a newly built property in Spain, along with IVA (VAT), unlike the purchase of a second-hand property, where the Property Transfer Tax – ITPThe ITP (Impuesto de Transmisiones Patrimoniales) is the tax paid when purchasing a second-hand property (it does not apply to new builds, which are subject to IVA (VAT) and a different kind of stamp ... More – applies instead. The exact amount is set by each regional government (comunidad autónoma), but it typically ranges between 0.5% and 1.5% of the property’s value.
In most cases, your estate agent or mortgage broker will handle the payment for you (especially if a mortgage is involved). However, if you need to take care of it yourself, you have 30 days after the sale to do so. You must submit Form 600 to Hacienda (the tax office) along with proof of payment (usually via bank transfer or direct debit).
Before 2019, AJD was also payable when taking out a mortgage, but a legal change now requires the lending bank to cover this cost.
