Am I eligible for relief when I buy property in Spain?

In Spain, there are various types of tax breaks and concessions that may be available to those purchasing a new property. Here are some examples of potential reliefs:

• VAT relief: If you buy a new property from a developer, the VAT rate (IVA) applies. Often there is a VAT relief for people who buy their first apartment or property as their first residence.
• IHT relief (ITP): If you buy a used property from a private owner, you may be entitled to an ITP tax credit.
• Government programs: In some cases, the Spanish government introduces support programs for property buyers, particularly for young people, lower-income families or those who meet certain criteria.
• Tax breaks for investments: Some Spanish regions offer tax breaks for those investing in real estate, especially for rental purposes.