Everything you need to know about ITP Comunidad Valenciana when buying

At Rosa Mediterraneo Houses, we help you find your dream home. However, when buying property, it is vital to understand the ITP Comunidad Valenciana. This transfer tax is the most significant cost after the purchase price.

What is this tax and when does it apply?

ITP is the tax applied exclusively to resale properties. If you buy a pre-owned house in the Valencia or Alicante region, you must pay this tax.

The current general rate for ITP Comunidad Valenciana is 10%. For example, for a 150,000 euro property, the standard tax is 15,000 euros. Additionally, the annual property tax (IBI) usually ranges between 400 and 700 euros for this type of home.

How to benefit from tax reductions?

This is the most important factor for your budget! Many buyers are unaware that there are several cases where you can significantly reduce the ITP Comunidad Valenciana. Depending on your age or family status, you could save thousands of euros.

To get more details on tax reductions applicable to your personal case and pay the legal minimum, we strongly advise consulting experts.

Please contact LegalHelpServices for your tax study.

Find your resale home with Rosa Mediterraneo Houses

If you are looking for a unique opportunity, a beachfront villa, or a charming apartment, discover our exclusive selection of resale properties and new builds.

Click here to view our resale houses.

Whether you seek a profitable investment or your future home in the sun, Rosa Mediterranean Houses is your trusted partner on the Spanish coast.