EXAMPLE OF ADDITIONAL COSTS ASSOCIATED WITH PURCHASE ON THE COSTA BLANCA

Using a buying price of 150.000.-- Euro

IVA 8% (Spanish VAT) payable on the declared value of the property
12.000 Euros
 
Legal Fees- Making searches,preparation of the Title Deeds and
translation before a Public Notary. Including Vat.
965 Euros
 
Notary Fees - Preparing the Escritura (Title Deed) registering the title
and Stamp Duty.
725 Euros
 
I.A.J.D.(Impuesto Sobre Actos Juridicos Documendos)- Spanish Government tax of 1 % of the declared value of the property due on the registration and documentation of the Escritura (Title Deed) [new properties only]
1.500 Euros
 
Connection Charges - Water, Electricity, Gas etc.
395 Euros
 
Plus Valia - Capital gains tax levied by the Town Hall on the increased
value of the plot since last sold.
120 Euros
 
TOTAL    15.705 Euros


EXAMPLE OF APPROXIMATE ANNUAL COSTS OF VILLA OWNERSHIP

Urbanization Fee - Controlled by the owners association committee. This pays for maintenance of the estate including public lighting,maintenance of common areas, security etc. The fee corresponds to the
size of your plot as a proportion of the whole development.		 500 Euros
 
Property Tax - 0.2% of the rateable value of your property in Spain 250 Euros
 
Contribution Urbana- Local rates payable to the local Town Hall.
 150 Euros
 
Insurance - House and contents 200 Euros
 
Gestor/Fiscal Representative - Most owners appoint a fiscal representative to make their annual tax return (in May) and normally this person will also handle other payments such as local rates. 150 Euros
 
Electricity and Water- Standing charges Consumption of electricity and water is metered with charges similar to those in the UK and Ireland. Normally these are paid automatically by your bank. There is a annual standing charge. 120 Euros
 
 
Villa Management Service(Optional) 450 Euros
 
TOTAL  1.820 Euros
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