Spain
As a guide, you should budget between 12% and 14% of the purchase price to cover all the taxes and fees for a Spanish property purchase. In the Canary Islands, there are different rates of tax (which are lower than in mainland Spain) and you should ask your lawyer to give you a breakdown specifically for these islands.
Notary Fees - These vary depending on the circumstances and length of documents being notarised. You should ask about them before the day of signing as you will be expected to pay in full then.
Land Registry Fees (Gastos de Inscripción) - These vary according to the locality, type and value of the property. They are not strictly taxes but fees charged by the Land Registry to inscribe your title.
Taxes: Impuesto Sobre Transmisiones Patrimoniales (Itp) - This is a transfer tax payable when you purchase land, a house, an apartment or a building plot from a private owner. It is calculated at the rate of 7% of the declared value of the property as expressed in the Escritura de Compraventa (Title Deed).
Impuesto Sobre El Valor Añadido (I.V.A) - This is the Spanish equivalent of VAT. It is charged at the rate of 7% on the purchase price of all property with the exception of commercial property and plots.
AJD (Stamp Duty) - Stamp duty is payable by the purchaser at 1% of the purchase price on new property.
Municipal Plusvalía - A local tax paid on the increase in the value of the property from the last transaction. Normally payable by the vendor but it may be stipulated that the buyer pays. Who pays this will be discussed in the negotiations and in consultation with your lawyer.
Disbursements -In addition to the above costs, there will be other payments made on your behalf by your lawyer such as the Land Registry search fee, bank charges etc.