Which taxes do I have to pay to the State at purchase?

When buying a property, there are two main taxes to pay to the State: IMT, which varies according to the property value, location and intended use (main home or investment), and Stamp Duty, which applies to the purchase price at a rate of 0.8%.

Stamp Duty also applies to the amount financed through the mortgage, at rates of 0.04% for terms under 1 year, 0.5% for terms between 1 and 5 years, and 0.6% for terms above 5 years, as well as to certain bank fees, at a rate of 4%.

In practice, these taxes represent a significant upfront cost and should be included in the funds required to complete the purchase.

For example, for the purchase of a EUR200,000 property, the Stamp Duty on the acquisition alone would be EUR1,600. On top of that comes IMT, which may amount to several thousand euros more depending on the applicable bracket.

This means that, beyond the down payment, you need extra liquidity to cover these charges at the time of signing.