Andalusia’s ITP Cut for 2027: What It Means for Buying in Marbella

Andalusia will cut its general property transfer tax (ITP) from 7% to 6.75% in 2027 on resale homes, according to measures announced by the regional finance department on 24 September 2026, which are due to be included in the 2027 budget bill. On a €1,000,000 purchase, the tax falls from €70,000 to €67,500, a saving of €2,500.

• What changes: the general rate of ITP (Impuesto de Transmisiones Patrimoniales) falls by 0.25 percentage points.
• What comes next: the regional government plans further cuts of 0.25 points a year, with the aim of reaching 6% by the end of the legislature.
• What is not yet final: the cut is part of the 2027 budget, which is due to be approved in December 2026.
• What does not change: new-build homes bought from a developer are still subject to 10% VAT (IVA) plus AJD (stamp duty on legal documents), not ITP.
• Who benefits: anyone buying a resale home in Andalusia, including international and non-resident buyers.

ITP (Impuesto de Transmisiones Patrimoniales) is the tax a buyer pays when purchasing a resale home in Spain. It is a regional tax, so each autonomous community sets its own rate, and it is due once, on completion, calculated on the higher of the price paid or the property’s Catastro reference value. It only applies to resale property bought from a private seller; a new-build bought from a developer is taxed differently, through VAT and AJD (see the comparison further down).

Worked example. You buy a resale apartment in Marbella for €1,175,000.

1. Take the property’s value for tax purposes: the higher of the €1,175,000 price and the Catastro reference value (in most cases, the price).
2. Apply the general ITP rate: 7% in 2026, or 6.75% once the 2027 rate takes effect.
3. At 7%: €1,175,000 × 0.07 = €82,250. At 6.75%: €1,175,000 × 0.0675 = €79,312.50.
4. This is paid to the Junta de Andalucía, on top of notary, land registry and legal fees, before the sale can be registered.

ITP varies significantly by region, and Andalusia is currently in the middle of the range. This is useful context for buyers relocating from elsewhere in Spain.

Rates and thresholds change frequently and reduced rates carry their own conditions in each region; treat this table as a general guide and confirm the current rate with a local adviser before budgeting for a purchase outside Andalusia.

Since 2021 Andalusia has applied a single general rate of 7% to resale homes, after consolidating the previous tax bands. The 2027 budget opens a second phase: annual cuts of 0.25 percentage points.

An illustrative path to 6%. If the Junta keeps to the pace it has announced, the rate would be 6.75% in 2027, 6.50% in 2028, 6.25% in 2029 and 6% by the end of the legislature. This is a projection based on the government’s commitment, not an approved timetable: only the 2027 rate has been announced so far.

The reduced rates have little bearing on the Marbella market, where prices are far above those thresholds. For almost all of our buyers, the general rate is the one that matters.

The 2027 cut saves €1,625 on a €650,000 apartment and €19,875 on a €7,950,000 villa. We have calculated ITP on the asking prices of resale properties currently in the Engel & Völkers Marbella portfolio.

Stylish Apartment, 2 bed · 96 m² – €650,000. Saving in 2027: €1,625.

Renovated Duplex Penthouse, 3 bed · 169 m² – €1,175,000. Saving in 2027: €2,937.50.

Modern 4-Bedroom Apartment, 140 m² – €1,390,000. Saving in 2027: €3,475.

Golden Mile Townhouse, 3 bed · 271 m² – €1,395,000. Saving in 2027: €3,487.50.

Villa Las Palmeras – €4,500,000. Saving in 2027: €11,250.

Spectacular Duplex Penthouse, 5 bed · 576 m² – €6,900,000. Saving in 2027: €17,250.

Exceptional Villa – €7,950,000. Saving in 2027: €19,875.

Villa Ayantam – €12,750,000. Saving in 2027: €31,875.

Villa Sunset – €22,000,000. Saving in 2027: €55,000.

The calculation applies the rate to the advertised price. The actual taxable base may be the Catastro reference value if it is higher than the price, and prices and availability may change. All figures are indicative.

What this means for buyers. In the €1.2 to €1.4 million range, where much of the demand for apartments, penthouses and townhouses in Marbella sits, the 2027 cut is worth roughly €3,000 to €3,500. That is a real saving, but it should not be the only factor in your decision: location, condition and price negotiation matter far more.

The cut applies only to resale homes: a new-build bought from a developer still pays 10% VAT plus AJD, and neither rate is touched in the 2027 budget. Even with ITP at 6.75%, resale therefore remains the lighter option for tax.

On top of tax come the usual costs of any purchase: notary, land registry, gestor and legal fees. These typically add up to around 1–2% of the price, depending on the transaction, and are unaffected by this reform.

Professional property traders buying to resell have their own tax treatment, subject to value and time limits. It is not part of this cut, so take advice from a tax adviser.

It is not worth delaying a purchase that suits you for the sake of 0.25 percentage points of tax, but it is worth coordinating the completion date if you are already negotiating. Points to review with your lawyer:

1. Deed date. As a general rule, the tax falls due when the deed is signed, so the applicable rate would be the one in force on that day. A deed signed on or after 1 January 2027 would in principle be taxed at 6.75%, provided the budget is approved.
2. Budget approval. This is expected in December 2026. Until then, the cut is an announcement.
3. Price and market. Negotiating 1% off the price saves four times as much as the 2027 cut. Waiting a quarter could also mean losing the property or paying more for it.
4. Seller’s timetable. If the seller accepts a January completion, the buyer benefits without giving up the home they want.

Our advisers at Engel & Völkers Marbella can help you plan the purchase alongside an independent lawyer and tax adviser.