Taxes when buying a home: in which

The mortgage loan is not the only thing you have to pay when buying a home. In addition to the cost of the property, you must also pay a series of expenses to make the sale official. Next, we review what the taxes are when buying a home and how they can vary depending on where you are located. However, it will always depend on the type of property you purchase. In the case of buying a new construction home, there will be two taxes to pay , the following: Value Added Tax (VAT). Tax on Documented Legal Acts (IAJD). If it is the signing of the mortgage loan, the bank will pay it. What taxes do disable people not pay? Value Adde Tax On the one hand, VAT represents 10% of the total value of the home and 4% if it is an officially protecte home. However, the percentage may vary or even be different.

Tax on Documented Legal Acts

On the other hand, the IAJD is adde to the VAT, which the buyer pays for the purchase of the home. The collection of the tax is transferre to each autonomous community , so the amount will depend on the percentage chose by each of them. In 2023, and by law, this tax ranges nationally Turkey WhatsApp Number Data between 0.5% and 1.5% . If you are going to buy a second-hand house , then you will not have to pay VAT or IAJD. In this case, you must pay the Property Transfer Tax (ITP). Looking to 2023, the percentages range between 4% and 10% of the total value of the property. They are the following: Autonomous community IPT 2023 (%) AndalusiaThe taxes for the purchase of a home in Catalonia that depend on each autonomous community, both the ITP and the IAJD, have the highest percentages.

How are taxes paid when buying a home?

You already know what taxes are paid when buying a house in Andalusia, Catalonia or any other autonomous community in the country. But chances are you’re also wondering how taxes should be paid, where and to whom . If you decide to buy a home and hire the services of a management company or an agency to help you process the purchase and sale, you will Hong Kong WhatsApp Number List only have to deposit the money. The rest remains in the hands of the management. On the other hand, you can take care of it yourself . So, the steps would be the following: VAT and IGIC. As a buyer, you pay them directly to the seller and he will transfer it to the Treasury. ITP and IAJD. What will happen to mortgages in 2023? Buy your home with the help of a real. In many cases, the best option is to have a real estate expert to accompany you during the purchase process.