Buying property in the Valencian Community will become more affordable from June 2026 thanks to a tax reform that reduces several costs associated with property transactions. Among the most significant measures is the reduction of the Property Transfer Tax (ITP), one of the main expenses faced by buyers purchasing a resale property in Spain.<\/p>\n
The reform also includes changes to the Stamp Duty Tax (AJD), which is linked to mortgage deeds, as well as new tax relief measures for inheritances and donations between certain family members.<\/p>\n
These changes aim to make property purchases more accessible, reduce the tax burden on property transactions and improve conditions for those buying, inheriting or receiving property assets in the Valencian Community.<\/p>\n
The most important change for buyers of resale properties is the reduction of the general Property Transfer Tax (ITP) rate from 10% to 9%.<\/p>\n
ITP is one of the main taxes paid when purchasing a second-hand property in Spain and represents a significant part of the overall buying costs.<\/p>\n
With this reduction, buyers will pay less tax when purchasing property in the Valencian Community, generating immediate savings at the time of purchase.<\/p>\n
The reform also maintains the reduced tax rates already available for specific groups, including:<\/p>\n
The higher 11% tax rate for property transactions exceeding \u20ac1 million remains unchanged.<\/p>\n
The reduction in ITP can result in substantial savings for many buyers.<\/p>\n
For example, when purchasing a resale property valued at \u20ac300,000:<\/p>\n
In this example, the buyer saves \u20ac3,000.<\/p>\n
The higher the property value, the greater the financial benefit generated by the tax reduction.<\/p>\n
The Valencian tax reform also introduces changes to the Stamp Duty Tax (AJD), a tax associated with notarised documents and public deeds.<\/p>\n
From June 2026, the general AJD rate decreases from 1.5% to 1.4%.<\/p>\n
Although the reduction may appear modest, it provides additional savings for buyers financing their purchase through a mortgage, particularly on higher-value transactions.<\/p>\n
Combined with the reduction in ITP, this measure further lowers the overall cost of buying property.<\/p>\n
The reform also introduces important changes to inheritance and gift taxation.<\/p>\n
Until now, inheritances and donations between siblings, uncles, aunts, nephews and nieces were subject to significantly higher taxation than transfers between direct family members.<\/p>\n
From June 2026, these transactions will benefit from a 25% tax allowance.<\/p>\n
The Valencian Government has also announced plans to increase this allowance to 50% from June 2027.<\/p>\n
Meanwhile, the existing 99% tax relief for direct relatives, including parents, children, grandchildren and spouses, remains unchanged.<\/p>\n
The tax cuts arrive at a particularly important moment for the Spanish property market.<\/p>\n
In recent years, rising property prices and higher financing costs have increased the overall cost of purchasing a home.<\/p>\n
The reduction of both ITP and AJD helps lower these upfront costs and may make property ownership more accessible for many buyers.<\/p>\n
These measures also strengthen the competitiveness of the Valencian Community compared to other residential markets across Spain.<\/p>\n
The tax reductions may have a particularly positive impact on some of the most active property markets along the Spanish Mediterranean coast.<\/p>\n
Both Costa Blanca and Costa C\u00e1lida continue to attract strong demand thanks to factors such as:<\/p>\n
Lower purchase costs may become an additional incentive for those considering buying a property in these areas.<\/p>\n
If you are looking for a property on the Spanish Mediterranean coast, you can explore available homes at <a href="\/sv\/”https:\/\/esentyaestate.com\/properties-for-sale\/”\/">Esentya Estate<\/a>.<\/p>\n
The general Property Transfer Tax (ITP) rate for resale properties decreases from 10% to 9%.<\/p>\n
Reduced rates remain available for buyers under 35, large families, single-parent families, people with disabilities and victims of gender-based violence.<\/p>\n
Yes. The Stamp Duty Tax (AJD) decreases from 1.5% to 1.4%.<\/p>\n
Yes. Inheritances and donations between siblings, uncles, aunts, nephews and nieces now benefit from a 25% tax allowance, which is expected to increase to 50% in 2027.<\/p>\n
Yes. The ITP applies to anyone purchasing a resale property in the Valencian Community, regardless of nationality.<\/p>\n
K\u00e4lla:<\/strong> Valencian Government (Generalitat Valenciana) and regional tax regulations in force from June 2026.<\/p>","protected":false},"excerpt":{"rendered":" Buying property in the Valencian Community will become more affordable from June 2026 thanks to a tax reform that reduces several costs associated with property transactions. Among the most significant measures is the reduction of the Property Transfer Tax (ITP), one of the main expenses faced by buyers purchasing a resale property in Spain. The reform also includes changes to the Stamp Duty Tax …<\/p>","protected":false},"author":1,"featured_media":229361,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[262],"tags":[],"class_list":["post-229359","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"_links":{"self":[{"href":"https:\/\/esentyaestate.com\/sv\/wp-json\/wp\/v2\/posts\/229359","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/esentyaestate.com\/sv\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/esentyaestate.com\/sv\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/esentyaestate.com\/sv\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/esentyaestate.com\/sv\/wp-json\/wp\/v2\/comments?post=229359"}],"version-history":[{"count":1,"href":"https:\/\/esentyaestate.com\/sv\/wp-json\/wp\/v2\/posts\/229359\/revisions"}],"predecessor-version":[{"id":229360,"href":"https:\/\/esentyaestate.com\/sv\/wp-json\/wp\/v2\/posts\/229359\/revisions\/229360"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/esentyaestate.com\/sv\/wp-json\/wp\/v2\/media\/229361"}],"wp:attachment":[{"href":"https:\/\/esentyaestate.com\/sv\/wp-json\/wp\/v2\/media?parent=229359"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/esentyaestate.com\/sv\/wp-json\/wp\/v2\/categories?post=229359"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/esentyaestate.com\/sv\/wp-json\/wp\/v2\/tags?post=229359"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}