Taxes due with the purchasing of a property

The taxes paid for buying a house can vary significantly from country to country and sometimes even from region to region. However, below, we can give you a general idea of the common taxes you might face:

• Registration Tax: This is a tax paid upon the registration of the property at the relevant office. It can be a percentage of the purchase price or a fixed amount.
• Mortgage and cadastral tax: This is a fixed tax related to the registration of the deed of sale at the land registry and the registration of the mortgage to guarantee the mortgage.
• Stamp Duty: This is a tax on documented transactions, including notarial deeds. The rate varies depending on the type of deed and its value.
• Notarial fees and other legal expenses: There are various notarial and legal fees associated with real estate transactions, including notary fees, transcription rights, document certification, etc.
• IVA (for the purchase of new or renovated properties from a construction company or professional dealer);
• Real estate agency commission.