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Date Published: 30/07/2025

Buying a house in Murcia just got cheaper: Lower taxes on property transfers and wealth tax from 2025

Regional government reductions in the property transfer tax and wealth tax aim to attract investment in real estate

As of July 25, 2025, the Region of Murcia government has implemented significant tax reductions affecting real estate transactions and wealth tax obligations. These changes were introduced through Law 3/2025 of 23 July and published in the region’s Official Gazette the following day.

The updates affect two key areas: Property Transfer Tax (Impuesto sobre Transmisiones Patrimoniales or ITP) and Stamp Duty (Impuesto sobre Actos Jurídicos Documentados or AJD) on the one hand, and Wealth Tax (Impuesto sobre el Patrimonio or IP) on the other.

These adjustments are designed to boost investment, especially in the housing market, and to reduce the financial pressure on individuals with higher net worth who are also subject to the state’s Solidarity Tax on Major Fortunes.

Lower ITP and Stamp Duty rates

The general tax rate for Property Transfer Tax on real estate purchases has been reduced from 8% to 7.75%. This applies to property acquisitions in the Region of Murcia and could translate into meaningful savings for buyers, particularly in the resale property market.

Additionally, the tax rate on the first copies of public deeds that formalise real estate transactions subject to VAT (but not exempt) has been reduced from 2% to 1.5% under the Stamp Duty (AJD).

These changes are expected to stimulate property sales by making transactions slightly more affordable and are particularly relevant to foreign residents purchasing second-hand properties.

Support for young buyers and entrepreneurs

There is also a change to the definition of a “young person” for the purposes of a reduced ITP rate of 5%. This rate applies to property acquisitions by young entrepreneurs and professionals, or companies entirely owned by young individuals, where the property is intended to be their fiscal residence or workplace.

The age limit has now been raised from “under 40” to “40 or under,” slightly widening the pool of eligible buyers.

Wealth Tax rebate

Due to the extension of the Temporary Solidarity Tax on Major Fortunes by the central Spanish government, Murcia has responded by introducing a rebate within its own regional Wealth Tax legislation. The aim is to ensure that taxpayers who are liable for both taxes do not face double taxation.

From July 2025, those affected by the national Solidarity Tax in Murcia will be able to offset their obligations through a rebate in the regional Wealth Tax. This move is intended to reduce the financial impact on high-net-worth individuals who might otherwise consider relocating to regions with more favourable tax regimes.

These tax measures form part of Murcia’s wider fiscal strategy to remain competitive, attract residents and investors, and support home ownership among younger people.

Another major axis of this financial investment plan is the introduction of several new income tax deductions as of the 2025 tax year.

For anyone thinking of purchasing property in Murcia, local experts for expats Heniam & Associates offer comprehensive conveyancing services to ensure that your sale goes smoothly, including the taxes to be paid on the transfer of a house.

Phone 0034 868 707 917, email info@heniam.es or fill in the contact form below to get in touch with them now:

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Heniam & Associates for Conveyancing, paperwork, legal advice and immigration throughout the Region of Murcia

Catering for the needs of expats living all over Spain, and particularly in the Costa Cálida and the Costa Blanca, Heniam & Associates offer a wide range of services including conveyancing, legal and administrative advice.

At the same time, their team of dedicated professionals appreciate the need to assist you in an easy and reliable manner, allowing you as much time as possible to enjoy your freedom, relax and make the most out of life in Spain. Without sacrificing efficiency, they offer personalised services to each and every client, listening to their needs in order to provide exactly the right service and desired outcome.

In the all-important field of Legal and Administrative Services, Heniam & Associates provide help in a wide range of matters including (but not limited to):

Conveyancing
Legal and professional communication assistance
NIE and TIE Applications
Commercial and company set-up and licensing
Spanish health and administrative services
Support and assistance with regulatory bodies
Professional will writing services and advice on intestate inheritance laws (both in the UK and in Spain)
Contract drafting (for businesses and individuals)
Dispute resolution
Digital signatures and certificates

Whether taking advantage of our conveyancing services or any other legal matter Heniam & Associates’ business partner HeniamLegal will represent you in the best possible way, excelling especially in their conveyancing service.

When buying a property in a foreign country it can be challenging to understand all of the steps that have to be taken. Heniam knows that buying a home can be stressful and they want to ensure that you have the resources that you need to make sure that the transaction is as smooth as possible so that you can start to enjoy your new home without worrying about the details and any purchase pitfalls.

HeniamLegal will be on hand to assist you with every part of the process. They have dedicated professionals on hand to assist you every step of the way ensuring that all of the relevant checks and investigations are carried out and, of course, negotiating on your behalf and protecting your interests. You will always have the support you need with HeniamLegal and Heniam & Associates.

Heniam & Associates In addition, translation services are provided either for written documents or for occasions such as visits to the doctor or to administrative offices, and assistance is provided in finding the best deal on foreign currency transfers.