Purchase taxes

Property purchase taxes and costs in Madrid

What buying costs beyond the price in Madrid.

The rate in force today

System	ITP	Reviewed on	Source
Property transfer tax	6 %	Reviewed on 25 August 2026	BOE
VAT or IGIC on new builds	10 %	Reviewed on 25 August 2026	BOE
Stamp duty	0.75 %	Reviewed on 25 August 2026	BOE

These are not applied to the figure above: they depend on circumstances that must be evidenced.

10% relief on the tax due if the property will be your main home and its value does not exceed €250,000 (annexes and parking included). BOE
100% relief for buyers under 35, if the main home is in a municipality of fewer than 2,500 inhabitants and its value does not exceed €250,000. BOE

Region

Property price

€

Tax residencyFinancing (%)

Your circumstances

Age

This will be my main homeLarge familyDisability

These only show you what you could ask for. They do not change the figure above and are not sent to anyone.

You need€119,300

Resale · Madrid

Property transfer tax€19,500

Notary, registry and paperwork€2,300

Down payment€97,500

You need€119,300

Notary, registry and paperwork are indicative ranges, not fixed fees.

No purchase tax changes because you are a non-resident. What changes is the future sale and the non-resident income tax withholding.

Legislation applied: Source 1

No two purchases are the same. A specialist reviews your case and tells you where you stand before you commit to anything.

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