Purchasing a first home offers tax advantages that can significantly reduce costs.
What are the main tax benefits?
- Reduced registration tax: when purchasing from a private seller, the registration tax is 2% instead of 9%.
- Reduced VAT: when purchasing from a business, the VAT rate is 4% instead of 10%.
- Fixed mortgage and cadastral taxes: these are paid at a fixed rate instead of a proportional one.
What requirements must be met?
- The property must be used as a primary residence.
- The buyer must not own any other properties in the same municipality.
- The buyer must establish residence in the municipality of the property within 18 months of purchase.
The notary provides all the necessary assistance to verify the requirements and obtain the tax benefits provided by law.