ITP guide · Canary Islands

ITP in the Canary Islands 2026: rates, reductions and rebates

Updated: July 8, 2026 · Legislation verified against official sources

General rate 2026 6.5%

Reductions and reliefs: 5% main residence ≤€200,000; 1% large family, single-parent family or disability; 20% rebate ≤40s; 0% protected housing.

Calculate your ITP and mortgage in Canary Islands ↓

When buying a resale (second-hand) home in the Canary Islands, the buyer pays the Impuesto sobre Transmisiones Patrimoniales Onerosas (ITP-TPO, the Spanish property transfer tax), administered by the Agencia Tributaria Canaria (the Canary Islands tax agency). The general rate is 6.5%, one of the lowest in mainland-regime Spain, and it drops to 5% for a main residence with a taxable base of up to €200,000 — a threshold raised by Ley 9/2025, de 23 de diciembre (with effect from 1-1-2025), which also updated to €46,455 the income limits for the 1% rates for large families, people with disabilities and single-parent families.

In addition, the Canary Islands are one of the few regions with a rebate on the tax due for young buyers: an extra 20% discount on the tax resulting from the 5% rate on a first main residence (an effective rate of 4%). For 2026 the region has not approved any new measures, according to Chapter II of the Ministry of Finance’s handbook «Tributación Autonómica. Medidas 2026» (as of 29-4-2026). All figures have been checked against the consolidated text of Decreto Legislativo 1/2009 in the BOE (updated to 29-12-2025, which already incorporates Ley 9/2025) and against the online office of the Gobierno de Canarias (the Canary Islands regional government).

The essentials at a glance

Item 2026 figure Rule
General rate (real estate) 6.5% Art. 31.1.a) TR (D.Leg. 1/2009)
Main residence with a taxable base ≤ €200,000 5% Art. 31.1.a) TR
Large family (main residence, subject to income limit) 1% Art. 32 TR
Disability ≥ 65% (main residence, subject to income limit) 1% Art. 33 TR
Single-parent family (main residence, subject to income limit) 1% Art. 33-bis TR
Protected housing that is a first main residence 0% Art. 34 TR
Rebate for buyers ≤ 40 and women who are victims of gender-based violence (first main residence at the 5% rate) 20% of the tax due Art. 35 TR
Purchases by real estate businesses for resale No special rate —
Taxable base The higher of the price and the Catastro reference value Art. 10 TRLITPAJD
Form and deadline Modelo 600; 1 month from the act or contract Gobierno de Canarias online office, procedure 4026

When ITP is due (and when it is not)

ITP-TPO applies to purchases of resale homes. A new home bought from the developer does not pay ITP: in the Canary Islands it is taxed under IGIC (the Canary Islands indirect general tax, which replaces IVA) plus Actos Jurídicos Documentados (AJD, stamp duty); check the applicable IGIC rate with the Agencia Tributaria Canaria. Under TPO the taxable person is the acquirer, and registered unmarried couples are treated as spouses (art. 41 TR).

The taxable base: the Catastro reference value

The taxable base is the Catastro reference value (valor de referencia) at the accrual date; if the agreed price or the declared value is higher, the highest of those amounts is used. Where no certifiable reference value exists, the base is the highest of the declared value, the price and the market value (art. 10 del Texto Refundido de la Ley del ITPAJD, RDLeg. 1/1993, as worded by Ley 11/2021). The €200,000 limit for the 5% rate is measured against that taxable base.

The general rate: 6.5%

Transfers of real estate and the creation and assignment of rights in rem over it (other than security rights) are taxed at 6.5% (art. 31.1.a TR approved by D.Leg. 1/2009, as worded by DF undécima de la Ley 9/2025). For transfers through judicial, administrative or notarial auction the general rate is 7% (art. 31.1.f TR).

Reduced rates in force in 2026

Common rules (art. 38 TR): anyone applying for a reduced rate or rebate must provide certification proving the requirements; the income limits refer to IRPF taxable bases (general part) for the calendar year before accrual; and the main residence is as defined in art. 41 bis of the IRPF Regulations.

Main residence (general regime): 5%

Requirements (art. 31.1.a TR, as worded by Ley 9/2025):

  • The property must be intended as the buyer’s main residence (if several people buy, all must be individuals and use it as their main residence).
  • The taxable base, including garages and annexes in the same building transferred together with it, must not exceed €200,000.
  • At the time of accrual the buyer must not be the owner, bare owner or usufructuary of another dwelling; if they are, they must transfer it by public deed within 2 years. The same 5% applies, under identical requirements, to purchases of a main residence at auction (art. 31.1.f), and the creation of a purchase option over the future main residence is taxed at 0% under those conditions (art. 31.1.c).

Large families: 1%

Requirements (art. 32 TR):

  • Being a member of a large family (Ley 40/2003).
  • The sum of the IRPF taxable bases of the family members must not exceed €46,455, plus €18,200 for each child above the legal minimum for large-family status.
  • Not owning another dwelling (ownership, bare ownership or usufruct) or selling it by public deed within 2 years.

People with disabilities: 1%

Requirements (art. 33 TR):

  • The buyer, or a person giving them entitlement to the family allowance, must have a recognised disability of 65% or more.
  • The sum of the buyers’ IRPF taxable bases must not exceed €46,455, plus €6,825 for each person giving entitlement to a family allowance (excluding the taxpayer).
  • Not owning another dwelling, or selling it within 2 years.

Single-parent families: 1%

Requirements (art. 33-bis TR): single-parent family status as defined in art. 11-ter of the consolidated text itself, an income limit of €46,455 (plus €6,825 for each person giving entitlement to a family allowance, excluding the taxpayer) and not owning another dwelling or selling it within 2 years.

Protected housing: 0%

The transfer of a protected home (publicly or privately developed) that will be the buyer’s first main residence is taxed at 0% (art. 34 TR).

Rates of 0% linked to the La Palma volcanic eruption remain in force: transfers meeting the requirements of Decreto ley 12/2021, with accrual before 31-12-2026, and purchases of plots in La Palma to rebuild the main residence (art. 2 Decreto ley 2/2022). The Canary Islands have no special rate for purchases of homes by real estate businesses for resale.

Rebates and deductions on the tax due

  • 20% rebate on the tax resulting from the 5% rate (purchases under art. 31.1.a and f) for a first main residence, if the taxpayer has never been the owner, bare owner or usufructuary of any other property and, in addition, is 40 or under with income in the previous year of at most €46,455 (plus €6,825 for each person giving entitlement to a family allowance, excluding the taxpayer), or is a woman who is a victim of gender-based violence with a protection order in force or a final court judgment (art. 35 TR, as worded by Ley 9/2025). In practice this means an effective rate of 4%.
  • 100% rebate for the handover of the main residence (dación en pago) to the creditor bank while remaining as a tenant with a purchase option (capped at the tax on the first €100,000 of the base) and for its repurchase within 10 years (art. 35-bis TR).

How to pay: form and deadline

The self-assessment is filed with modelo 600 (form 600) of the Agencia Tributaria Canaria, online or at tax assistance offices. According to the official fact sheet for procedure 4026 at the Gobierno de Canarias online office, the deadline is one month from the time the act or contract arises. To apply reduced rates or rebates you must enclose the supporting certification (art. 38 TR).

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Frequently asked questions about the ITP in Canary Islands

How much ITP is paid in Canary Islands in 2026? ▼

The current general rate is 6.5%. There are also reduced rates and reliefs: 5% main residence ≤€200,000; 1% large family, single-parent family or disability; 20% rebate ≤40s; 0% protected housing. Every relief has detailed requirements, explained in this guide with its legal citation.

Who pays the ITP and what is the deadline in Canary Islands? ▼

The buyer of the resale home always pays the ITP, through a self-assessment filed with the corresponding tax administration. The usual deadline is 30 working days or one month from signing the deed; the exact form and deadline are covered in this guide.

What value is the ITP calculated on in Canary Islands? ▼

On the cadastral reference value or the purchase price if higher (art. 10 TRLITPAJD, since 2022). Paying a price below the reference value does not reduce the tax.

Do new-build homes pay ITP in Canary Islands? ▼

No. A new home bought from the developer is subject to 10% VAT (4% for special-regime subsidised housing) plus stamp duty (AJD). The ITP only applies to resale homes in Canary Islands.

Comparing with another region?

The same home can pay a very different tax a few kilometres away: check the current ITP in every other region.

Andalusia 7% Aragon 8–10% scale Asturias 8/9/10% by value Balearic Islands 8–13% scale Cantabria 9% Castilla y León 8% (+10% above €250,000) Castilla-La Mancha 9 % Catalonia 10–13% scale Ceuta and Melilla 6% with a 50% rebate → 3% effective Valencian Community 9% (11% above €1M) Extremadura 8/10/11% scale Galicia 8 % La Rioja 7% Madrid 6% Murcia 7.75% Navarre 6% Basque Country 4% housing (7% general)