What does this imply?
Well, basically, if you want to buy a house in the Valencian Community, we will pay an additional 10% as a Property Transfer Tax to the sale price agreed between the parties; On the other hand, if we buy the same property in, for example, Andalusia or Madrid, the tax rate will be different.
-Tax on Documented Legal Acts: this is a tax levied on notarial deeds, minutes and notarial testimonies.
This tax is compatible with the application of VAT as well as ITP.
That is, regardless of whether VAT or ITP is paid, you will also have to face the payment of this tax, by raising the purchase of the home before a notary public.
The Tax on Documented Legal Acts is made up of a fixed fee (0.15 euros per page) and a variable fee, which will depend on the declared value, which amounts to 0.5%.
In addition, the fees of the Notary will have to be added, so in general practice, what is done is to request from the corresponding Notary Public a written estimate of all these expenses in order to know in advance the total expenses.