Purchase costs (closing costs)
Closing costs are around 8% of the sales price value.
- Real Estate Agent fee = 3% plus tax = 3,66%
- Notary fee (Deed Registration Stamp Duties included) = 3% plus tax = 3,66%
- Registry and Tax Certificates Stamp Duties = average cost US$ 300.
- Property Transfer Tax (ITP) = 2% of the Fiscal Value of the property. (ITP)
Sale costs (closing costs)
- Real Estate Agent fee = 3% plus tax = 3,66%
- Property transfer Tax (ITP) = 2% of the Fiscal Value of the property.
- Personal Income tax or Non residents tax (IRNR) = 12% of the difference between the purchase price and the sale price, if the property was purchased after July 2007.