From 1 June 2026, the Valencian Community has reduced the general Property Transfer Tax (Impuesto sobre Transmisiones Patrimoniales – ITP) payable on the purchase of resale properties from 10% to 9%.
The preferential tax rates available to qualifying buyers—including young purchasers, large families, single-parent families, people with disabilities and certain other protected groups—remain unchanged.
However, the higher 11% rate continues to apply where the taxable value of the property exceeds €1 million. These changes were introduced by Law 5/2025 and apply to all property purchases completed on or after 1 June 2026.
Anyone considering buying property in the Valencian Community should ensure they obtain advice on the applicable tax rate before completing their purchase.
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