IVA en la compra de vivienda

The first delivery of a finished home — the one the developer sells to the first buyer — is taxed with 10% VAT, plus AJD (1.5% in the Valencian Community). Up to two parking spaces and the annexes transferred together with the home also qualify for the 10%; commercial premises and plots pay 21%. VAT is paid to the developer on every invoice, including stage payments during construction, while AJD is settled when the deed is signed. Resale homes carry no VAT: they pay ITP instead (general rate of 10% in the Valencian Community, with reduced rates for young buyers, large families or protected housing). The tax cost of new build and resale thus ends up very similar: around 11.5% versus 10%.