Are you thinking of buying your first home?

We take care of facilitating the process for you buy a house, keeping you informed and advising you at all times.

we leave you some key points to consider at the time of starting this process or you can access our specific area of buying/selling homes for much more information.

• Professional advice:
  This first step is very important since among many other aspects, this will allow you to know in advance all the expenses that you are going to have to face when buying a home. They are not just the purchase price, no longer fall into common mistakes that can lead to big headaches and eternal processes, such as buy a house built without permission.

For this and much more, it is best to put yourself in the hands of professionals who can facilitate the process and accompany you at every step, thus establishing your peace of mind.

• Additional costs:
  What additional costs should I include in my accounts when buying a home?

In the first place, and as the price of housing is evident, to this must be added the cost of agency, notary and registry, in addition to the ITP.

(What is the ITP and who pays for it? The Tax on Patrimonial Transmissions must be paid by the natural or legal person who acquires the good, that is, the purchasing party.

El Tax on Patrimonial Transmissions (ITP) is a tax levied on the sale of second-hand homes.)

Among others, we can make a small rough calculation 10% of the purchase price added in expenses.

Will I have income deductions for purchasing a home?

 One of the most common questions that we get from our clients is:tWill I have discounts on rent if I have bought my first home?

This is something important to keep in mind, since depending on whether it is a first, second or third home, the expense or deduction will vary a lot when it comes to including it in Income.

For example:

• If it is our first home, we must take into account that the deduction for investment in habitual residence has been abolished since January 1, 2013, but if you have deducted it before that date, you can continue applying this deduction in your Income Tax return if you meet the requirements. established:

Investment in primary residence by young people.

Deduction amount:
3% of the amounts paid in the tax period for the acquisition or rehabilitation of the home that constitutes or will constitute the habitual residence of the taxpayer.

What are the specific requirements for the application of the deduction?

• That the taxpayer is under 35 years of age on the date of accrual of the tax (normally, December 31).

In the case of joint taxation, the age requirement must be met by at least one of the spouses or, where appropriate, the father or mother in the case of single-parent families.

• That the sum of the general tax bases and the savings of the declaration, does not exceed the following amounts:

– 19.000 euros in individual taxation.

– 24.000 euros in joint taxation.

• That the acquisition or rehabilitation of the habitual residence has begun as of January 1, 2003.

For these purposes, it will be understood that the investment in the acquisition or rehabilitation of the main residence begins on the date stated in the acquisition or works contract, as appropriate.

Do you have more questions or do you have more doubts, do not hesitate and contact us We will give you all the guidelines to follow.

You can call us or send us a whatsapp message at +34 (680)337 914 or leave us your information and we will contact you shortly in the following form:

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