The first obligation of the buyer when purchasing a recreational boat second-hand is to liquidate the property transfer tax or ITP. This tax depends on the value of the contract, market value, autonomous community in which you have the address the buyer, and the length of the boat. In Oceanautic, we have the collaboration of a private agency tax and accounting that allows you to submit the tax and processing the file of transfer of ownership of the boat.
Property transfer tax
Who should pay the TAX?
The obligation to file and pay the property transfer tax is buyer of the boat. This tax is only when the operation is performed between individuals. Not settled the ITP when the seller is a business. Although the company does not have nautical activity. In this case, if you purchase the boat in the market of the occasion or if you purchase a pleasure boat that you have as a property owner of a business, you have to pay the VAT by means of an invoice.
The transfer tax for vehicles and boats it is presented by several models -in function of the autonomous community. While the standard models are 620, 621, or 600 if you opt for the generic model. The model 600 is the usual in the autonomous communities are not riparian. Although it is not necessary to know the model. Many REGIONS have programs that allow for the elaboration of the model, presentation and payment.
The time to pay the tax depends on the autonomous community, although the general approach is that you have to file and pay the tax in the 30 days following the signing of the contract.
How do you calculate property transfer tax?
Basically the property transfer tax -ITP - is settled on the amount agreed in the purchase, sale and listed in the contract of sale of the pleasure boat. Although, the Ministry of Finance each year, publish in the official gazette, the valuation of the recreational boats. What is known as the "tables of the Treasury".
In the event that the boat appears in the "tables of Finance" can be liquidate the value of the table. Our advice is to present the model of ITP through an agency attorney or accountant.
The ITP ship according to CCAA
The transfer tax that is applied in the sale and purchase of ships it is the responsibility of each autonomous community. Therefore, you must be aware of the criteria of settlement imposed by the autonomous community in which you have the address the buyer.
Below, we've compiled the information that is gathered from the various Authorities in relation to what is the type of assessment to apply.
| Autonomous Community | Criterion | Type of assessment |
| Andalusia | General Greater than 8 m. | 4% 8% |
| Catalonia | General | 5% |
| Castile and Leon | General | 5% |
| Valencian Community | General Greater than 8 m. Top €20,000 | 6% 8% 8% |
| Galicia | General | 1% |
| Extremadura | General | 6% |
| Canary Islands | General | 5,5% |
| Madrid | General | 4% |
| Murcia | General | 4% |
Our service advice nautical allows you to include the preparation, filing and payment of the property transfer tax associated with the sale of the boat. We work with an agency accounting that gives assurance to the process and allows the presentation in all the autonomous communities.
The ITP and ships with a foreign flag
Do I have to pay the transfer tax if the ship has a foreign flag? The answer is YES. Since the tax is independent of the flag of the ship. A boat with flag Polish, Dutch or any other country must have paid the transfer tax. Since the tax levied on the contract by the buyer by a person resident for tax purposes in the territory of Spain.
In the transfer of ownership of ships with Spanish flag and foreign-flag our tax advice you can take care of filing the property transfer tax, as an additional service to the change of owner of the boat.
