Valencian Community: 9% ITP since June 2026, 11% over €1m

What changed on 1 June 2026

Article 13 of Ley 13/1997 sets the rates of the transfer tax. Its first section was rewritten by Ley 5/2025 of 30 May “con efectos para los hechos imponibles devengados desde el 1 de junio de 2026 inclusive”. The current text reads:

• 9% on acquisitions of real estate, and on creating or assigning rights in rem over them (except security rights), unless a lower rate in the following sections applies;
• 11% when the value of the property “sea superior a un millón de euros”.

The wording matters in two ways. First, 11% is not a marginal rate on the excess: it applies to the whole value. Second, “superior a” means a property at exactly €1,000,000 pays 9%, and one at €1,000,001 pays 11%. Article 13.Ocho closes an obvious workaround: several acquisitions of the same registered property (finca registral) from the same seller within three years are treated as one transaction.

Check the date on which the tax falls due for your transaction with your adviser. A deed signed before 1 June 2026 follows the earlier text, which this guide does not describe.

Worked example (calculation, not a quote)

These figures apply the published rates to round prices.

• €300,000 resale home, general case: 9% × €300,000 = €27,000.
• €1,000,000 resale: 9% × €1,000,000 = €90,000.
• €1,000,001 resale: 11% × €1,000,001 = about €110,000 — roughly €20,000 more for one euro more of value.
• €150,000 resale, buyer aged 33, first main residence, income within the limit: 6% × €150,000 = €9,000.
• €250,000 resale, same buyer: 8% × €250,000 = €20,000.
• New home at €300,000: 10% VAT = €30,000; AJD at 1.4% = €4,200, or at 0.1% = €300 if it is the buyer’s main residence. These AJD figures use €300,000 as the base; the legal floor is the Catastro reference value.

Reduced rates and their conditions

All the following need the home to be a vivienda habitual as defined by the national personal income tax rules (art. 13.Seis), and the acquisition must be in a public deed or formalised as one within the filing period (art. 13.Siete).

The income limit is in art. 4 (section Cuatro): the sum of the general and savings taxable bases may not exceed €30,000 for an individual return or €47,000 for a joint return; the large-family and single-parent special category has €35,000 and €58,000. Where a young buyer acquires a share only, the rate applies to “la parte que estos adquieran”.

Art. 13 also contains business-related rates (for example 8% for entrepreneurs under 35 who use the property as business seat or workplace and keep their activity and tax domicile in the Valencian Community for at least three years). They are outside this guide.

Stamp duty on a new home

For a new home bought from a developer, VAT replaces ITP, then art. 14 applies to the first copy of the deed:

1. 0.1% for deeds documenting acquisitions of a main residence (section Uno.a, rewritten by Ley 5/2026, in force since 11 August 2026);
2. 2% where the seller has waived the VAT exemption (Dos) or for mortgage deeds with the lender as taxpayer (Tres);
3. 1.4% in all other cases (Cuatro), as modified for events falling due from 1 June 2026.

So the Valencian AJD for a holiday-home buyer is 1.4%, while the same deed for a main residence is 0.1%. The difference on €300,000 is €3,900.

What non-resident and foreign buyers should know

The articles read set one general rate for any buyer; they do not separate residents from non-residents. The decisive question is whether the home is your main residence: this triggers the 0.1% AJD and every reduced ITP rate. A buyer who lives abroad and buys a holiday property pays 9% ITP (or 1.4% AJD on a new home).

Two features of the Valencian rules deserve a second look from foreign buyers of larger properties: the 11% cliff above €1 million, and the three-year aggregation rule in art. 13.Ocho. For the national side of buying as a foreigner see the foreign buyer’s guide.

Who pays, and how it is filed

The buyer pays ITP whatever the contract says (art. 8.a of the national text). The tax is self-assessed (autoliquidación), and the regional authority is the Valencian Tax Agency (Agencia Tributaria Valenciana), which the law names in connection with concessions and administrative acts. Forms, deadlines and payment channels were not read for this guide: check them with the agency or with the adviser who files for you.

Areas popular with foreign buyers

Payotte’s zone data for the Valencian Community follows the city of Valencia and, along the Alicante coast, Alicante, Elche, Torrevieja, Orihuela, Benidorm, Villajoyosa, Dénia, Jávea and Calp. The 9% and 11% rates and the AJD rules are the same across them.

Which professional to consult

A lawyer registered with a Spanish bar association (colegio de abogados) can check the date of accrual, the €1 million threshold and whether the home qualifies as a main residence; see property lawyers. The notary records in the deed the facts on which the reduced rates depend.