What it is
The transfer tax paid by the buyer on resale (second-hand) property in Spain. Each autonomous community sets its own rate — in Andalusia (which covers the Costa del Sol) the standard rate is 7% of the purchase price. ITP is not levied on new-build purchases, which pay IVA and AJD instead. This is a core term in the Costa del Sol property purchase process and one buyers frequently encounter during due diligence.
Why it matters for international buyers
Understanding ITP — Impuesto sobre Transmisiones Patrimoniales is part of the standard due diligence framework for any foreign buyer purchasing on the Costa del Sol. A Spanish property lawyer (abogado) will handle the mechanics, but buyers who understand the term can ask better questions and interpret advice more accurately.
This entry is reviewed by the Listyco editorial team. It is not legal advice; instruct a Spanish lawyer for your specific position. Last reviewed April 2026.