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Apart from the actual cost of a property, you need to allow approximately 10% of the purchase price to cover for the fees and costs of acquiring the property.

This 10% will cover the solicitor's fees, translator's fees, land registry cost, notary's charges, stamp duty and VAT. In accordance with Spanish law, the buyer is responsible for:

Transfer Tax or
(I.V.A. + stamp duty when buying from a developer)
Property Registration fees
Notary charges

Please note all professional fees including the notary's and land registry's charges are subject to 16% VAT.

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