For any foreign buyer looking to purchase property in Torrevieja or other areas of the Valencian Community, understanding the taxes payable during the transaction is crucial. Knowing them from the outset allows you to avoid surprises and accurately calculate the total cost of the investment. The Valencian Community has unique tax regulations that distinguish it from other regions of Spain, making a clear guide essential, especially for those coming from different tax systems. Property Transfer Tax (ITP) When buying a second-hand home, the buyer must pay the ITP, which in the Valencian Community is currently 10% of [...]

Selling a home in Spain may seem like a simple process, but if it's a second home and the seller is a foreigner, it's essential to pay attention to tax issues. This is not only to avoid penalties, but also to plan the transaction well and avoid financial surprises. In areas like the Costa Blanca, many foreign citizens own a second home that they use for part of the year or rent out as a holiday rental. When it comes time to sell it, common questions arise: What taxes do I have to pay? Will I have [...]

Buying a property on the Costa Blanca can be a dream come true, especially for foreign retirees looking to enjoy the climate, quality of life and beautiful beaches of this region. However, it is important to understand some legal aspects if the property you plan to buy is part of a community of owners. What is a community of owners? A homeowners' association is a legal organization formed by all the owners of the homes in a building or development. Each owner has rights and responsibilities related to the common areas, such as swimming pools, gardens, elevators [...]