Andalusia maintains the tax allowance on home purchases: the conditions for paying less ITP (property tax)
The region is maintaining the reduced rates announced last year and creating new ones for homes up to a value of 150,000 euros.
Andalusia is maintaining the tax cuts announced last spring. The region’s government gave the green light in April 2021 to a reduction in property transfer tax (ITP), which applies to the purchase of second-hand homes, with the aim of maintaining this reduction. until the end of the year. With this change, the general ITP went from 8% to 7%.
However, the change of year has not led to the end of this reduction: the general rate remains at 7% and the allowances are also maintained for specific groups who buy ordinary housing and provided that the value of the property does not exceed certain limits.
Concretely, and since last October 27, these ITP rates are applied in Andalusia for the purchase of second-hand homes, apart from the general rate of 7%:
Rate of 3.5% on the sale of a property whose value does not exceed 150,000 euros when it is intended for the principal residence of the purchaser and that the latter is under 35 years old, victim of domestic violence, victim of terrorism or acquired in a municipality with a depopulation problem [Vérifiez ici quelles communes sont considérées comme telles en 2022].
3.5% rate on the transfer of property whose value does not exceed 250,000 euros, when the purchaser is legally considered to be a person with a disability of 33% or more, or a member of a large family .
Rate of 2% on the acquisition of a dwelling intended for resale by a natural or legal person exercising a professional activity to which the adaptation rules of the General Plan for the real estate sector apply.
A rate of 2% on certain operations involving SGRs or commercial companies of the Andalusian state or public sector whose purpose is to provide guarantees.
And the great novelty of this year is a rate of 6%, one point less than the current general ITP, for transfers of main residences whose value does not exceed 150,000 euros. In this case, the deduction is open to all citizens. The only condition is that it is a property that will be the buyer’s first residence and that its value is below the aforementioned limit.
It should be remembered that the amount of ITP to be paid depends on the percentage applied to the sale price and on the autonomous community in which the accommodation is located, although as a general rule a rate between 6 and 10% is applied .
The AJD reduction is also maintained.
The stamp duty tax (AJD) also currently benefits from the reduction applied last year. The general rate remains at 1.2%, against 1.5% previously. This tax is levied on notarial deeds, such as the signing of the deed of sale.
However, there are also exceptions where the rate is reduced:
Rate of 0.3% on the sale of a property whose value does not exceed 150,000 euros when it is intended for the habitual residence of the purchaser and that the latter is under 35 years old, victim domestic violence, victim of terrorism or acquired in a municipality with a depopulation problem.
Rate of 0.1% on the transfer of property whose value does not exceed 250,000 euros, when the purchaser is legally considered to be a person with a disability of 33% or more, or a member of a large family : 0.1%.
Rate of 0.1% for certain operations involving mutual guarantee companies or public sector companies of the State or Andalusia whose purpose is to provide guarantees.
With regard to the AJD, the great novelty is a rate of 1% for the transfer of a property used as a principal residence, if the value of the property does not exceed 150,000 euros.
The amount to be paid depends on the rate applied by each autonomous region, although none of them exceeds 1.5%. Like Andalusia, regions such as Asturias and Balearic Islands also establish an AJD of 1.2%, while the Community of Madrid applies 0.7% and the Basque Country 0.0%. On the other hand, in Galicia, Catalonia, Valencia and Murcia, 1.5% is applied.