Expenses

5.1 In addition to the auction price, what taxes and expenses would you have to pay?

In addition to the price offered at the auction, the buyer will have to pay:

Tax Office and Property Registry In order to register the property in your name, you will have to pay 10% of the auction price for the ITP (Transfer Tax), and leave a provision of funds to the Land Registry for an amount around of 800.00 € approx.

Rates (I.B.I) and rubbish collection tax The law establishes that the buyer has the maximum responsibility in the event of outstanding Rates and rubbish collection tax ( I.B.I.) is obliged to pay the year he has been granted title and the previous four years, that is, five years in total.

Community fees and expenses The law establishes that the buyer has the maximum responsibility in the event of outstanding costs of the community of property owners the new owner is obliged to pay the awarded year and the previous four years, that is, five years in total.

5.2 Who is responsible for the expenses of the locksmith and the removal of abandoned belongings when I take possession of the property I have bought?

These expenses are always paid by the purchaser of the property at the auction.

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