Posts Tagged ‘Mortgage costs’
Commissions and taxes on a mortgage
Mortgage costs
Mortgage before the loan is needed from the work of several professionals: lawyer, appraiser, registration, Stamp Duty, agency and by the opening, if any. All these steps are necessary and of course each must pay professional fees.
The costs can vary greatly from one region to another and found that in Madrid and Barcelona we will be spending more money than the rest of Spain.
Tax dollars to buy the house
* We will pay VAT in the case of a new home, should be free to pay the 7% VAT and if it is a subsidized housing would pay 4%.
* Stamp Tax, we will inform the cost it has on our community and can range from 0.1% to 1%.
* We will pay the transfer tax when purchasing a second hand property and in this case would pay 6% (may vary in certain regions).
* On the other hand, the purchase of housing and mortgage payment are also subject to tax relief.
Posted in 
Tags: 