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Under Spanish law, the responsibility for paying taxes on the purchase of a property rests with the buyer. VAT (IGIC) – 7% of the price of a new property. – Transfer tax (Impuesto de Transmisiones Patrimoniales (ITP) – 6.5% of the value of a second-hand property. – Stamp duty (AJD) – 1.0% of the value…
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