Change in the Transfer Tax in the Valencian Community
Good news for buyers and investors: as of June 1, 2026, changes in the general rate of the Property Transfer Tax (ITP) come into force, which will go from 10% to 9% for most home purchase and sale operations.
This modification represents a significant tax relief in a context where access to housing continues to be a challenge for both families and new buyers.
What does this change imply?
Its application from June 1, 2026 implies that any previous operation will continue to be subject to the current rate of 10%.
New general rate of 9%: will be applicable to the vast majority of real estate transactions except those mentioned below.
- Operations of more than 1 million euros: the 11% tax rate is maintained.
It should be remembered that there are reductions with a reduced tax rate of even 3-4% for:
- Officially protected housing
- Young people (-35 years old) in their first home
- Large families: they may benefit as long as certain income requirements are met, the threshold of which is not notable for its breadth.
How does this affect the buyer?
This change in the Transfer Tax seeks to boost the real estate market, favoring access to habitual housing for certain groups. However, those who operate in the luxury market will continue to pay taxes at the higher rate, thus maintaining fiscal balance.