Spain's transfer tax (ITP) in 2026: rates by region, who pays and when

What is ITP and who pays it?

ITP (Impuesto sobre Transmisiones Patrimoniales, or transmisiones patrimoniales onerosas) is the tax on buying a resale home in Spain. The buyer pays it: the national law makes “el que los adquiere”, the person acquiring the property, the taxpayer (Real Decreto Legislativo 1/1993, article 8).

The law is national, but each region sets its own rates and reductions. A new home bought from its developer does not pay ITP. That sale carries VAT, and the law takes any operation subject to VAT out of ITP (article 7.5). The new build pays VAT plus AJD stamp duty instead, explained in stamp duty and VAT on new builds.

How much is ITP in each region?

For a €300,000 resale home that is not the buyer’s main home, each region charges its general rate:

The same buyer in 4 places

Place	Buyer	Taxes	Fees, typical	Total on top	Share of price
Spain, Madrid	Resale, second home, price €300,000	€18,000	€4,148.54	€22,148.54€20,348.54 to €24,248.54	7.38%
Spain, Catalonia	Resale, price €300,000	€30,000	€4,148.54	€34,148.54€32,348.54 to €36,248.54	11.38%
Spain, Valencian Community	Resale, second home, price €300,000	€27,000	€4,148.54	€31,148.54€29,348.54 to €33,248.54	10.38%
Spain, Andalusia	Resale, second home, price €300,000	€21,000	€4,148.54	€25,148.54€23,348.54 to €27,248.54	8.38%

Region	General ITP rate	Law
Madrid	6%	Decreto Legislativo 1/2010, article 28
Catalonia	10% up to €600,000, rising by slice	Decret Legislatiu 1/2024, article 641-1
Valencian Community	9%, or 11% on the whole value above €1,000,000	Ley 13/1997, article 13
Andalusia	7%	Ley 5/2021, article 41

Each region also has reduced rates for some buyers, mostly tied to the home being the buyer’s main home. They are set out in reduced ITP rates for young buyers, main homes and families.

Which Spanish region has the lowest transfer tax?

Madrid, at any price, for a buyer with no reduction. Ranked by the share of the price, for the same €300,000 resale second home:

Cheapest to most expensive, €300,000 resale second home

Rank	Place	Buyer	Taxes	Fees, typical	Total on top	Share of price
1	Spain, Madrid	Resale, second home, price €300,000	€18,000	€4,148.54	€22,148.54€20,348.54 to €24,248.54	7.38%
2	Spain, Andalusia	Resale, second home, price €300,000	€21,000	€4,148.54	€25,148.54€23,348.54 to €27,248.54	8.38%
3	Spain, Valencian Community	Resale, second home, price €300,000	€27,000	€4,148.54	€31,148.54€29,348.54 to €33,248.54	10.38%
4	Spain, Catalonia	Resale, price €300,000	€30,000	€4,148.54	€34,148.54€32,348.54 to €36,248.54	11.38%

The order can change for a main home. Madrid takes 10% off the tax bill for a main home worth up to €250,000, an effective rate of 5.4%, and Andalusia charges 6% on a main home up to €150,000. For a €140,000 main home:

Cheapest to most expensive, €140,000 resale main home

Rank	Place	Buyer	Taxes	Fees, typical	Total on top	Share of price
1	Spain, Madrid	Resale, main home, price €140,000	€7,560	€2,488.06	€10,048.06€9,148.06 to €11,348.06	7.18%
2	Spain, Andalusia	Resale, main home, price €140,000	€8,400	€2,488.06	€10,888.06€9,988.06 to €12,188.06	7.78%
3	Spain, Valencian Community	Resale, main home, price €140,000	€12,600	€2,488.06	€15,088.06€14,188.06 to €16,388.06	10.78%
4	Spain, Catalonia	Resale, price €140,000	€14,000	€2,488.06	€16,488.06€15,588.06 to €17,788.06	11.78%

Catalonia and Valencia also have lower rates for main homes bought by younger buyers on modest incomes, which the calculator does not apply because they depend on income. The reduced rates guide has the conditions.

Is ITP charged on the price or the cadastral value?

On the higher of the two. The base for property is the reference value (valor de referencia) that the Catastro publishes for each property, unless the price or the declared value is higher, in which case “se tomará como base imponible la mayor de estas magnitudes” (article 10.2). The reference value can be looked up on the Catastro’s website before signing.

For a €200,000 resale second home in Madrid with a reference value of €230,000, the tax is worked out on €230,000: €13,800, against €12,000 if the price were the base.

How does Catalonia’s progressive scale work?

Catalonia charges each slice of the value at its own rate, like income tax bands. The scale has applied since 27 June 2025 (Decret llei 5/2025, amending article 641-1):

Transfer tax (ITP), progressive 10-13%

Charged in bands on the taxable value (the higher of the price and the official value): each slice is taxed at its own rate.

Transfer tax (ITP), progressive 10-13%: bands

Slice of the value	Rate on that slice
up to €600,000	10%
€600,000 to €900,000	11%
€900,000 to €1,500,000	12%
over €1,500,000	13%

Applies when it is a resale (not a new build).

Since 27 June 2025 a buyer aged 35 or under pays 5% on a main home if their taxable income on the last Spanish income tax return was €36,000 or less (art. 641-5). Not modeled: the calculator does not ask for income.

The Catalan tax agency’s own example is a €700,000 home: 10% on the first €600,000 and 11% on the next €100,000. The engine gives the same result: €71,000.

What changed in Valencia in 2026?

The Valencian Community cut its general rate from 10% to 9% for purchases on or after 1 June 2026 (Ley 5/2025, article 33). The same €250,000 resale second home paid €25,000 in May 2026 and pays €22,500 now.

Above €1,000,000 the higher rate applies to the whole value, not only to the part above the limit (“el tipo aplicable será el 11 %”, article 13). So the tax jumps at that point: €90,000 on a €1,000,000 home and €115,500 on a €1,050,000 home. Purchases from the same seller within three years count as one for this limit (article 13.Ocho).

When and how is ITP paid?

The buyer files form 600 (modelo 600) with the region’s tax agency, not the national Agencia Tributaria, and pays at the same time. The Land Registry will not register the purchase until the tax is paid (Ley Hipotecaria, article 254.1). The deadline counts from the date of the deed:

Region	Deadline	Legal basis
Madrid	30 working days	Real Decreto 828/1995, article 102.1
Catalonia	One month	Decret Legislatiu 1/2024, article 683-5.1
Valencian Community	One month	Ley 13/1997, article 14 ter.1
Andalusia	Two months, from the day after the deed	Ley 5/2021, article 69.1

All four regions take the return online, with payment by direct debit, card or bank transfer, and in person by appointment. Notaries send a copy of the deed to the regional tax agency electronically.

Does a non-resident pay more ITP?

No. None of the four regions sets a different rate by residence or nationality. A non-resident pays the same ITP as a resident on the same home. The non-resident buyers guide covers what does differ, such as the tax number (NIE) and the 3% withheld when the seller is non-resident.

What this guide does not cover

• Regions other than Madrid, Catalonia, the Valencian Community and Andalusia. The Basque Country and Navarre have their own tax systems.
• Purchases by companies, and Catalonia’s 20% rate for large holders and whole residential buildings.
• Commercial property, land and garages bought on their own.
• Inheritance and gifts, which pay a different tax.

Work out ITP for your region and price