Taxes and VAT rates when buying a property

  When the property will be the Principal Residence of the buyer When the property will be, for its buyer, either a Secondary or an Investment Residence
Purchase of land  VAT exonerated – registration tax instead VAT exonerated – registration tax instead
Purchase of an existing building VAT exonerated – registration tax instead VAT exonerated – registration tax instead
Purchase of a – or part of a – building not built yet Super reduced rate of 3% Standard rate of 17%
Renovation work Super reduced rate of 3% applies for some renovation works; otherwise standard rate of 17% applies Super reduced rate of 3% applies for some renovation works; otherwise standard rate of 17% applies