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Housing

Property transfer tax when buying a second-hand home (Community of Madrid)

Impuesto sobre Transmisiones Patrimoniales al comprar vivienda usada (Comunidad de Madrid)

Madrid versionOnly applies in Community of Madrid

In other cities: Barcelona · Valencia

Where to ask

Appointments at the tax office (c/ Manuel Cortina, 2): on gestiona.comunidad.madrid or by phone on 91 580 94 04, Monday to Friday except holidays, 8:00–15:30.

Official wording
A través del teléfono: 91 580 94 04

Official sources

What it is

The purchase of a second-hand home between private individuals is taxed under Transmisiones Patrimoniales Onerosas (property transfer tax); the buyer declares it. If the property is in the Community of Madrid, it is filed here, with form 600, within 30 working days of the date of the deed or document. The general rate for property is 6 %. Anyone buying their primary home for a value of 250,000 € or less can apply a 10 % reduction of the tax due; large families can apply a reduced rate of 4 % if they meet the requirements (not compatible with the 10 % reduction). For homes, the minimum value to declare is the Catastro reference value. It can be filed at the Oficina Virtual Tributaria or in person with an appointment.

Official wording
El plazo de presentación es de 30 días hábiles a contar desde el momento que se formalice el acto o contrato gravado, esto es, la fecha de la escritura o del documento judicial, administrativo o privado.

Official sources

Where it applies
Community of Madrid

Official information

Official sources

When

Within 30 working days of the date of the deed or purchase document (not counting Saturdays, Sundays or holidays). The buyer files it.

Official wording
El plazo de presentación es de 30 días hábiles a contar desde el momento que se formalice el acto o contrato gravado

Official sources

Steps

  1. Step 1: Check the reference value

    For homes, the base is the Catastro reference value, unless the declared value is higher. You can check it on the Catastro e-office.

    Official wording
    será el valor de referencia previsto en la normativa reguladora del catastro inmobiliario.

    Official sources

  2. Step 2: Book an appointment to have the return prepared

    You can book an appointment for an officer to prepare the return (only for buyers or close relatives), online or on 91 580 94 04 (Monday to Friday, 8:00–15:30). When booking you must send the deed; otherwise the appointment is cancelled.

    Official wording
    En el momento en el que solicites la cita debes enviarnos la escritura o documento privado donde conste la transmisión

    Official sources

  3. Step 3: Or file form 600 yourself

    If you do not book that appointment, you submit by appointment the first copy and simple copy of the deed, the completed and paid form 600, and the buyers’ authorisation and ID copies.

    Official wording
    El modelo 600 debidamente cumplimentado y pagado.

    Official sources

Fees

General rate: 6% of the value. Main home up to €250,000: 10% reduction of the tax. Large family: reduced 4% rate (with conditions).

Official wording
se aplicará el 6 por 100.

Official sources

FAQ

What if I buy from a company (new home)?

ITP does not apply to transactions by businesses in the course of their activity, because they carry VAT (except some property transactions).

Official wording
ya que las mismas están gravadas por el Impuesto sobre el Valor Añadido

Official sources

Where is it filed?

In the Comunidad de Madrid, if the property is located there.

Official wording
se presentarán en la Comunidad de Madrid las operaciones relacionadas con bienes inmuebles que estén situados en esta Comunidad

Official sources

Related procedures

Terms used on this page