NAVARRA: Are you going to buy a protected housing?
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Know how the sale of protected housing is taxed.
This is its tax treatment:
Purchase from the developer
Buying protected housing from the developer has some tax advantages:
√ The first transfer of ownership of these properties made by the developer is subject to VAT at the super-reduced rate of 4%. Note that this rate applies not only to the housing itself but also to the parking spaces (up to a maximum of 2) and annexes located in the same building that are transferred together with it.
√ In addition, the public deed documenting the transaction is exempt from the stamp duty tax.
Purchase of a second-hand housing
√ If you are a private individual, in this case you will not have to pay VAT, but the transaction is subject to Property Transfer Tax (TPO) under the same conditions as the sale of an ordinary housing, which is taxed at a rate of 4%, 5%, or 6%, depending on certain requirements.
Our professionals will advise you on the purchase of your housing and assist you in the payment of the corresponding tax.
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