How much tax do you pay on buying a property in Spain?

The tax depends on whether the property is new or resale. For resale properties, buyers pay Property Transfer Tax (ITP), which ranges from 6% to 10% of the purchase price depending on the region. For new-build properties, buyers pay 10% VAT (IVA) plus Stamp Duty (AJD), usually between 0.5% and 1.5%.