Elche, Alicante 03204 1,744 SF Retail Building $174,429 ($100.02/SF)

Two access doors. Double roof. Light patio. Below are the taxes and common expenses associated with the purchase and sale of real estate, including commercial spaces, warehouses, and offices: **Taxes on residential properties** - **First transfer (new construction):** VAT 10% (general rate), applicable to most newly built homes, including up to two parking spaces and annexes sold together in the same building. VAT 4% (reduced rate) applies to Officially Protected Housing (VPO) under special or public promotion regimes. Documented Legal Acts (AJD): 1.4% (general rate); reduced rate of 0.1% applicable in cases of acquisition intended as a first habitual residence of new construction. - **Second transfer (resale):** Property Transfer Tax (ITP) with a general rate of 9% in the Valencian Community (with reduced rates in certain cases). The tax is calculated based on the cadastral reference value or the sale price, applying the higher of the two. **Taxes on commercial spaces, warehouses, and offices** - **First transfer (new construction) by developer, builder, or business entity:** VAT 21% and AJD 1.4%. - **Second transfer (previous use):** When the transaction is not subject to VAT, ITP at 9% up to €1,000,000 taxable base and 11% on the excess. - **Second transfer between businesses with waiver of VAT exemption:** VAT 21% and AJD 1.4%. **Common expenses in property transactions (residential, commercial spaces, warehouses, and offices)** - **Notary fees:** Charged according to the official fee schedule. - **Registry fees:** Registration in the Property Registry billed according to the official fee schedule. - **Administrative management fees:** Approximate fees of €423.50 (VAT included) for administrative processing, tax settlement, and registry inscription. - **Agency fees:** Included in the sale price and borne by the seller. - **Buyer's agency fees:** Professional fees may apply to the buyer in cases where purchase assignment services are contracted (Real Estate Personal Shopper), not tied to the purchase price.