What taxes are paid when buying a home in the Canary Islands?

On new builds: IGIC (7% general rate, with a reduced rate in certain primary-residence cases) plus stamp duty (AJD); on resale homes: the regional Property Transfer Tax.

Can you review a contract before I sign it?

Yes. We review deposit contracts, purchase agreements and leases before signing and explain the risks in plain terms.

Real Estate

Real estate advisory and rental agreements in Las Palmas - Gran Canaria

We review and support real estate transactions in Gran Canaria so neither buyer nor owner is caught out after signing.

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Buying a property

We check the property's registry and planning status, any charges, community debts and council tax (IBI) standing, draft the deposit (arras) contract, and prepare the notarial signing and subsequent registration.

We calculate the taxes involved: 7% IGIC (or the applicable reduced rate) on new-build homes, or the regional Property Transfer Tax on resale homes, plus stamp duty (AJD) and the municipal capital gains levy.

Rental agreements and evictions

We draft residential and commercial lease agreements under the Spanish Urban Leases Act (LAU), with appropriate guarantees, and handle rent-arrears claims and eviction proceedings for non-payment or expiry of the lease term.

Frequently asked questions

What taxes are paid when buying a home in the Canary Islands?: On new builds: IGIC (7% general rate, with a reduced rate in certain primary-residence cases) plus stamp duty (AJD); on resale homes: the regional Property Transfer Tax.
Can you review a contract before I sign it?: Yes. We review deposit contracts, purchase agreements and leases before signing and explain the risks in plain terms.