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Most of us pay 10% sales tax in the Valencian region when we buy a property.  But in certain circumstances this is reduced.  There have recently been changes to these reductions as follows:

Update in relation to the Property Transfer Tax

(Valencian Community)

In accordance with Law 7/2023, of December 26, on fiscal measures, administrative and financial management, and organization of the Generalitat, as of January 1, 2024, the following fiscal measures have been introduced:

In relation to the Property Transfer Tax:

The acquisition of Public Protection Housing, VPO, goes from 8% to 6%, under the general regime, provided that it will constitute the purchaser's first habitual residence and the value of the property does not exceed €180,000.

The acquisition of a habitual residence changes from 8% to 6% when the purchaser is under 35 years of age, provided that the value of the property does not exceed €180,000 and the sum of the general taxable base of expired personal income tax savings does not exceed of 25,000 euros in individual taxation, or 40,000 euros in joint taxation.

The special rate is modified from 4% to 3% in the transfer of VPOs under a special regime that constitute or will constitute the habitual residence of the acquirer.

From 4% to 3% the constitution or transfer of real rights (except guarantee rights), which fall on the VPOs.

From the current 4% to 3%, the transfer of property that will constitute the habitual residence of a large or single-parent family, provided that the following requirements are met:
That the acquisition occurs within two years following the date on which the family acquired the status of a large family or, if it was already a large family, within two years following the birth or adoption of each child.
That in the two years following the acquisition of the new home, the previous one should be sold.
That the useful area of the new home is at least 10% greater than that of the previous home.
That the sum of the general taxable base of the expired personal income tax savings of all the people who live in the home does not exceed 44,955 euros.

3% in transmission to people with physical or sensory disabilities:
With a grade equal to or greater than 65%.
Psychic, with a degree equal to or greater than 33%.

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Actualización en relación con el Impuesto de Transmisiones Patrimoniales

(Comunidad Valenciana)

Conforme a la Ley 7/2023, de 26 de diciembre, de medidas fiscales, de gestión administrativa y financiera, y de organización de la Generalitat, a partir del 1 de enero de 2024, se han introducido las siguientes medidas fiscales:

En relación con el Impuesto de Transmisiones Patrimoniales:

• Pasa del 8% al 6% la adquisición de Vivienda de protección pública, VPO, en régimen general, siempre que vaya a constituir la primera vivienda habitual del adquiriente y el valor del inmueble no sea superior a 180.000 €.

• Cambia del 8% al 6% la adquisición de vivienda habitual cuando el adquiriente es menor de 35 años de edad, siempre que el valor del inmueble no sea superior a 180.000 € y la suma de la base liquidable general del ahorro del IRPF vencido no exceda de 25.000 euros en tributación individual, o de, 40.000 euros en tributación conjunta.

• Se modifica el tipo especial del 4% que pasa a ser del 3% en la transmisión de VPO en régimen especial que constituyan o vayan a constituir la vivienda habitual del adquirente. 

• Del 4% al 3% la constitución o cesión de derechos reales (salvo los de garantía), que recaigan sobre las VPO.

• Del 4% vigente al 3% la transmisión de inmueble que vaya a constituir vivienda habitual de una familia numerosa o monoparental, siempre que concurran los siguientes requisitos: 
  • Que la adquisición se produzca en los dos años siguientes a la fecha en que la familia adquirió la condición de familia numerosa o, si ya lo era con anterioridad, en los dos años siguientes al nacimiento o adopción de cada hijo.
  • Que en los dos años siguientes a la adquisición de la nueva vivienda se proceda a la venta de la anterior.
  • Que la superficie útil de la nueva vivienda nueva sea al menos en un 10% superior a la de la anterior vivienda.
  • Que la suma de la base liquidable general del ahorro del IRPF vencido de todas las personas que convivan en la vivienda no exceda de 44.955 euros. 

• El 3% en la transmisión a personas con discapacidad física o sensorial:
  • Con un grado igual o superior al 65%.
  • Psíquico, con un grado igual o superior al 33%.

We have recently upgraded our 360º camera equipment, and are therefore able to bring you this high quality 360º tour of the Paradise Resort (www.villasfox.com/paradise) show house!

They are selling fast, but it´s not too late to invest  in the most exciting new-build development in the Costa Blanca, right here in San Miguel de Salinas!  

Today we are celebrating Sorelle being with the company 8 years (wow! how time flies), the company being an S.L. for 5 years, the fact that today is the 1st of August and the office is only open 9am - 1pm in August to save on air-con bills haha, and more importantly the fact that July was another happy month with lots of buyers and sellers coming together at the notary to exchange their Villas Fox properties! Welcome to beautiful #SanMigueldeSalinas to all the new owners, and thanks to all the vendors for allowing us to be your agents!

June was another great month for Villas Fox, making lots of clients happy with successful completions of their sales and purchases at the notary. Are you thinking about selling YOUR Spanish property? Make sure your property is professionally presented and showcased to a wide international audience by engaging our services! Call the Villas San Miguel Property - Villas Fox team today or pop into our office for a chat. We speak English, Spanish and French and are open Monday - Friday 9am - 6pm. Calle Pablo Picasso 9, San Miguel de Salinas (between the Masymas supermarket and Repsol petrol station). This email address is being protected from spambots. You need JavaScript enabled to view it. (+34 965 720 198). Register of Valencian Region Property Agents licence number RAICV 0280. We look forward to meeting you!