Gecko Towers
I am told, subject to its acceptance in the regional budget in December 2026, from January 2027, the ITP (Impuesto sobre Transmisiones Patrimoniales the Spanish equivalent of Stamp Duty) on resale homes – as opposed to new builds – is set to fall from 7% to 6.75%.
The regional government, the Junta de Andalucia, has planned to make annual 0.25% deductions until it reaches 6%.
If you are already in the process of buying it may be would be worth agreeing with your seller whether completion can be delayed to allow the new rates to apply. There would be a modest saving for cheaper property but at €2,500 per €1.00m, for more expensive property the savings are potentially substantial.
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