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This is what you will pay in Property Transfer Tax for a second-hand car

Date: July 27, 2024 Time: 06:41:16

When buying a second-hand car, you must pay the corresponding Property Transfer Tax. The acquisitions of second-hand goods are exempt from paying VAT, but there are other taxes that must be faced in these transactions. One of them is the ITP, which is regulated by the autonomous communities. It is for this reason that depending on the territory in which the purchase and sale of the vehicle is carried out, the price to be paid may be different. Finding out about the price is simple, you just have to go to the Treasury offices.

Where is the Patrimonial Transfer Tax paid? Well, it is the buyer who must take charge of paying it through model 620 of the Tax Agency or at the regional Treasury offices or through collaborating entities. Thus, the amount to be paid corresponding to the ITP will correspond to that of the town where the buyer is registered.

The Autonomous Communities Charge Transmission Tax According To A Percentage Of The Considered Real Car Pewede Go From 4% To 8% – Or Establishing Fixed Amounts That Are Calculated Based On The Age, Value And Fiscal Horses Of The Vehicle.

How much ITP is paid in each autonomous community

Andalucía4% on the Real Value.8% on VR with more than 15 fiscal horses.Aragón4% on VR.More than 10 years and less than 1,001 cc: free of charge.More than 10 years and between 1,001 cc and 1,500 cc: 20 €.Over 10 years and over 1,500 cc: €30.Asturias4% of VR.8% of VR with more than 15 CVf.Baleares4% of VR.8% of VR with more than 15 CVf.Basque Country4% of VR. Canarias 5.5% of VR. More than 10 years and less than 1,001 cc: €40. More than 10 years and between 1,001 and 1,500 cc: €70. €115. Cantabria Castilla La Mancha Castilla y León 5% on VR .8% on VR with more than 15 CVf.Catalonia 5% on VR.More than 10 years: free.Ceuta4% on VR.Residents: 2% on VR.Melilla4% on VR.Residents: 2 % on VR. Extremadura Galicia 8% on VR. More than 15 years and less than 1,199 cc: €22. More than 15 years and between 1,200 and 1,599 cc: €38. Madrid Murcia 4% on VR. More than 12 years and less 1,001 cc: free of charge. More than 12 years old and between 1,001 and 1,500 cc: €30. More than 12 years old and more than 1,500 cc: €50. Navarra 4% on VR. More than 10 years and value less than €40,000: free of charge. La Rioja Valencian Community 6% on VR. Value less than €20,000, over 12 years and less than 1,501 cc: €40. Value less than €20,000, more than 12 years and between 1,500 cc and 2,000 cc: €60. Value less than €20,000, over 12 years old and over 2,000 cc: €140 years old and less than 1,501 cc: €120. Value less than €20,000, between 5 and 12 years old and between 1,500cc and 2,000cc: €180. Value less than €20,000, between 5 and 12 years old and with more than 2,000 cc: €280.

What is the real value of the vehicle

The Real Value (VR) of the vehicle is the value that the assets have in the market at that moment, with their age and wear. It is calculated by subtracting the corresponding depreciation from the value of a new vehicle. Corresponding depreciation. The Government publishes in the BOE annually the list with the figures corresponding to each model, which can be consulted before making the purchase.

On the other hand, the tax horsepower of the car can be found in its technical sheet. This term refers to the unit of the tax charge applicable to a vehicle and corresponds to its actual horsepower.

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.
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