Actos Jurídicos Documentados (AJD)

Regional tax on notarial documents with economic content that can be registered: new-build declarations, horizontal division, termination of co-ownership, mortgage loans or purchases subject to VAT. In the Valencian Community the general rate is 1.5%. In practice: the buyer of a new build pays it together with VAT (resale homes pay ITP instead of AJD); on mortgage loans the bank has borne it since November 2018; and in a termination of co-ownership it is the only tax paid by the co-owner who keeps the property, which makes it far cheaper than a sale between co-owners. It is settled with form 600 within the month following signature.