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Cost of selling property in spain

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258,000
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Expenses when selling a property in Spain
213 m2 | 1 bedrooms | 5 bathrooms | Furnished | Parking place | Swimming-pool | Gardens
Lawyer fee. The standard fee that most lawyers charge for advising clients during the entire process of selling a properly in Spain is 1% + IVA on. A property sale in Spain gives rise to tax liability for the vendor. Exactly how much is owed depends on a number of factors: the length of time the property has. Selling the property yourself will save you money on the hefty commission fees if you've got the time and patience to show people round the.

If you are selling your primary residence you are not liable to pay capital gains tax. Again you will need to prove that you have lived in Spain for 3 years or more and intend to continue living here.

If you don't decalre your taxes here, but can prove that you earn less than 11, euros per year, then you are exempt from paying Capital gains tax. They will be able to tell you the tax accrued if the property was to be sold on that date.

More search options. Reset search. Sea views. Air conditioning. Central heating. Roof terrace. Separate guest accommodation. Back Printable page View My Favourites. Expenses when selling a property in Spain When you sell your house you will need to pay tax to the Hacienda or tax office for the profits you will have made on the sale of your house.

Foreign residents To qualify and be treated as a Spanish resident requires you to have been living in Spain for 3 or more years and to be able to prove this, by providing the previous 3 years tax returns, an escritura in your name that is more than 3 years old or a certificate from your local town hall to say that you have been registered as living there for more than 3 years. Under the double taxation treaty the tax paid here can be deducted from any liability in the UK.

I presume I need a valuation on the date I became resident, rather than basing the gain on the original cost price when I was a UK resident. The tax is based on the purchase price plus costs then the sale price less costs and you pay tax on the difference. Hi Suzanne. Thanks for your Hi Suzanne. Thanks for your reply.

The key part of my query related to the date I became a Spanish Resident. Surely the Spanish gain is solely the element from the value of my property at the point I became a Spanish resident, rather than the original cost where I was a UK resident? In which case, I would need to get a property valuation at the date I left the UK??

Unfortunately, the capital gains is calculated from the date of purchase of the property to the sale. When you became a resident makes no difference. If a Spanish resident and tax If a Spanish resident and tax resident for more than 3 years and over 65 and you sell your house to return to uk do you have to purchase another property can you just return to uk with the money from your sale. If you are a tax resident for more than three years and over 65 and you sell your house when you are still a resident then there is no capital gains tax to pay.

However, you must still complete the tax declaration for that year as a resident. Hi, I am completing on a Hi, I am completing on a villa in Alicante at the end of June, I am selling my UK house but might not complete untill August, would it be best to wait untill January to become resident in Spain and just be non resident for the rest of this year and just stay for the 90 days to advoid Capital Gains Tax.

Thank you. Hi, We are currently planning Hi, We are currently planning on selling our family home this year in Ireland and moving to Spain. I saw in one of your earlier comments if we move in the same year that we sell our home we are liable for CGT.

However in Ireland If you spend days or more in Ireland over a period of two consecutive tax years, you will be regarded as resident for the second tax year which applies to us. Does this supersede Spanish tax law to leave us with no liability as we will not be deemed tax resident? We are planning on moving in May to enrol our kids in school but if we need to ensure that we are not in the country for more than days than we will have to move in mid July.

I appreciate your help on this. Many Thanks. If you sell and move to Spain in the same tax year and are here for days then you have to pay capital gains tax here. It's better to sell in Ireland and not come to Spain until the following year.

How much will I have to pay? I have not been a Spanish resident. I am a resident in Spain for I am a resident in Spain for more than a year, and I am selling a small property Urban Land, no building on it; price is less than 50K Euros that I have had for more than 20 years in my country of birth, outside the EU, i. Do I have to pay a tax here in Spain? Thanks for your help. If I am resident in Spain and If I am resident in Spain and sell a property back in UK that has no capital gain is there any tax to pay at all?

The property has to be declared and if there is no capital gain then there is no tax to pay. I sold my house in the uk I sold my house in the uk before moving to spain intending to become resident but because of not being able to settle only stayed in our spanish villa for less than 6 months at a time over a 2 year period using it as a holiday home. When returning to the uk residing with my daughter. We have now sold in spain intending to re-invest the proceeds for our main residence in the uk.

Are we liable for CGT. Am I right in thinking the way to reduce the CGT would be to return, live in the property one year and then sell it there as first resident. Is that right? For it to be your residential home you would have had to have lived in it for three years prior to the sale. You would not be residents in Spain as the property is in the UK. I am shocked by this because I have never received any form of notice from the Spanish authorities.

I was 67 when I sold the Spanish house and then bought my home in the UK several months later. Is there not a time limit to claim for CGT claims? Thanks in adavance. As a file has been opened the time line of four years is extended. Any idea how much this will be and when may I be likely to receive it. And if so, who do I pay it to? If not, then there is a fine.

I am resident in spain and I am resident in spain and have a property in the Uk that I bought 25 years ago so the gain on it is huge about k. My principal home is now in spain. This will be the value of purchase plus costs, value of sale less costs and then an allowance for the time if purchased before Then you deduct any tax paid in the UK under the double taxation treaty. If we move back to the UK, for how long after our return to the UK are sales of UK property affected by spanish capital gains please?

We have lived in Spain for 12 We have lived in Spain for 12 months and now considering selling our UK property which we rent out. We only purchased the property in and not sure if CGT is payable because we have only owned the property since that date. We are non residents. Our solicitor has chased the tax office but to no avail. Is the tax office in Spain accountable to anyone? Is there a phone number or email address available for non Spanish speakers to raise queries?

Any advice would be gratefully received. It can take a long time for the Tax Office to process this. There is no number for non-Spanish speakers. The telephone number for non-residents in Madrid is 91 but for earlier presentations you will have to go in person to the corresponding office in the capital of the province and arrange an appointment as no information is given by phone.

We already own a small house in Spain which we plan to keep. We now want to buy a 2nd property in Spain. Our aim is to move to spain and use the new property as our primary residence and become residents. Have I got it right that it would be best for us to wait until before becoming residents in Spain? Thanks for any advice. Who tells us how much capital Who tells us how much capital gains tax we need to pay when we sell our garage space in Spain and how is it collected.

This is a legal requirement when non-residents sell property. To calculate this profit you need firstly to ascertain your original purchase price. We then take your current selling price and deduct from it the costs incurred in the sale legal fees etc , thereby reducing the final sale price.

Now you have your original purchase price and your final sale figure, so we can work out your net profit and calculate your Capital Gains Tax liability. In either case, Form H is submitted to the Tax Office, either claiming the outstanding balance or enclosing payment for the sum owed. I own a UK property that has doubled in value since I bought it back in The outstanding mortgage is important to know that this is factored in as I have quite a bit left to pay off that will be paid off with the sale albeit that there will still be CGT to pay due to increase.

I am currently renting here in Spain and looking to buy a house here. Further to point 2, can I buy here in Spain first and then sell later the UK property and still benefit from this relief? This is a complex issue. However, you would normally have to be a tax resident for 3 years before any benefits can be obtained. Hi Hi We are saleing our Spainish property that we have own for approximately 1year.

As we understand it there will be cgt on any profit at the rate of 19 per cent. Is the the only only tax payable?. We are in the process of We are in the process of selling our only house which is in the uk. When it sells I plan on taking early retirement and immediately moving to Spain. I am 51 and my wife is The cgt that seems liable will completely change these plans. Are there no easy solutions? The only way to avoid capital gains tax is to sell the property in one year and not come to Spain until the following year.

Since we purchased, exchange rates plummeted as well as the property market. Would I be liable for any tax? Capital Gains Tax is due on the profit made on all property sales in Spain.

This is a legal requirement when Non-Residents sell property. To calculate this profit we need firstly to ascertain your original purchase price. We do this by. I was resident in Spain. I I was resident in Spain. What is the time scale to reinvest the gain in a new property to avoid CGT? Hi David, The time scale for reinvestment is normally 2 years, this would have been declared in the Tax delcaration where you would have promised the amount to be reinvested.

I have a question regarding Property Capital Gains Tax: Can a Non-Resident profit from a roll-over relief if the sale proceeds are re-invested in another property in another part of Spain?

Hello, No, unfortunately this is only for residents in Spain that sell their main property and where they have lived permanently at least 3 years. At this point I am undecided whether to sell or to rent. I would like to understand the tax position in the event that I decide to sell the property.

The total cost of purchase can include transmission tax, lawyer, notary and registration fees. Is this correct? An official licence was obtained for a minor reform and taxes paid. No structural work was conducted in the reform process. I understand that there are no allowances that relate to any of the money spent on the reforms when calculating my CGT obligations. The reforms included new kitchen and appliances. Are there any other deductions allowable such as community fees, electricity, local council taxes, when calculating CGT?

Will there be another tax applied to the sale called Plus Valia and is this a tax that I will pay? If so how is it calculated? I understand that all selling fees and lawyers fees can be included in the final CGT tax computation. Are there any other taxes and or items that I have omitted? Hello Tim, Will try to answer the best as possible below to your queries: 1. Yes, this is correct. The answer is correct there are no allowance for minor works carried out on the property, had it been an New Building and extension of the property with a new Title Deed then this would have been allowed.

No, unfortunately no. Selling feed such as the estate agents commission can be deducted. We believe you included everything in your list. A few queries from an old sea salt. Will gladly reimburse if required for your time and expertise! I have been Non-Resident in Spain since mid I return to Spain during my field-breaks. Therefore, I am in the UK for approx days out of days.

Am I still legally a Non-Resident with around days per year living in Spain? Since August , I have lived in Granada and intend to retire there in when I reach 66 years. When I retire, I believe it will be mandatory to take full residency as my presence in Spain will become permanent.

Please can you confirm? My property in Granada was purchased for circa , There is no outstanding mortgage Should I sell my house after 4 to 6 years after retiring and have taken full residency status, I believe I might be exempt from Capital Gains.

Please can you clarify if my reasoning is correct or otherwise? If any profit from the sale of the Granada property was transferred back to the UK, would I be subject to any UK foreign earnings taxes the money would probably be invested into a retirement apartment? We do not know if there will be change of laws when you intend to retire in , but according to todays situation you will have to become resident in Spain if you intend to live permanently in Spain.

According to todays tax situation if you are over the age of 65 years old, you are pensioner, have been resident in Spain for over three years and the property you are selling has been your main residence you willl be exempt of Capital Gains Tax. Dear Sirs As non residents we built a house in spain on ground we already owned. Property sold end for ,Euros. All paperwork of no value to the purchaser, destroyed in Jan Our Gestoria argued that the property was sold with a house, and despite us no longer having the builders receipts the value of the build was approx E plus costs.

Agencia Tributaria has reassessed the CGT now due at about 41,euros and we are in the process of appealing. We have had to pay 5,thousand euros in April in order to defer payment and appeal and further payments of some 2,thousand euros per month for the next 12 months.

The Agencia has made no ruling as yet, I gather it has 6mths to respond. This means shortly if we receive no ruling, we will have to appeal to a Tribunal to overrule the Agencia and have our payments returned. I am very unwilling to continue to make payments as the amount demanded is patently incorrect. If the Tribunal does not overrule the Agencia, we will not receive any repayments either. Please can you advise if this is legal that the agencia can invent this CGT due when we provided all the paperwork to the Notary at the time of registration of the property.

This seems to be a false calculation we are being asked to pay.. Dear Jennifer, It is complicated to give you detailed information without seeing the documentation of the property. In these cases it is vital that you have all documentation and paperwork in place and in order, without it is very difficult to claim anything at all from the Agencia Tributaria. Also the registration of the building should have been done before to avoid any possible issues. We assume you legal team is doing all that is possible with the tools and paperwork they have on the property.

Sorry we can not really be of any further assistance. But this was all taken care of when property was sold, what she do? Hello, Thanks for your message. We would need to see all paperwork, taxes paid, and letter of the Tax Authority to be able to asses in this matter. If you wish to send us all documentation on your case you can do so by emailing us at info abacoadvisers. Dear Miriam. No one seems to be able to confirm. Is the gain on the , euros or euros?

Many thanks in advance IAN. We then take your current selling price and deduct from it the costs incurred in the sale legal fees etc. We can not do this if you paid by cash and have no VAT receipt. Hi, Our recommendation is to have your solicitor claim the to the buyer and their representative.

Hi Anne, Yes unfortunately yes, you will have to pay property tax. Should you need assistance please contact our colleague Jessica at the following email jsp abacoadvisers. My husband and I bought an apartment in Spain in for , euros. We want to sell it but it but we will sell it at lost. According to the market value it is worth , euros. We are non-residents. We have finished paying for the mortgage.

We are over 65 years old. How much? Do we have to pay Income tax in the UK? Even though we will not make any profits. Should you need any help in the process please contact us at info abacoadvisers. If you are residents you would pay Tax on your world wide income including the proeprties, there could also be Wealth Tax on top of income Tax.

The rent for the properties has to be declared in the UK as well as in Spain, Tax paid on the rental income is deducted from the Tax to pay here under the double Taxation treaty.

Should you have any further queries please do not hesitate to contact us at info abacoadvisers. I am a non resident but have owned a small town house in a village since Would i have to pay any tax as it will be sold for a loss?

We currently have an offer on our home in Spain. I am 69 years old and my wife is We have been residents in Spain for the past 8 years and permanent residents for the past 1 year. Will my wife be liable for CGT on her half of any profit made? This is our only residence, we do not own any other property. Thank you so much. Hi, if we sell our spanish home privately without an estate agent, who pays the solicitors fees, the seller or the buyer.

Hi Janice, The buyer will pay for his solicitor and the seller for his own solicitor, if you have the same solicitor in the process if depends on the agreement you reach. If you have any authority for your answer, that would be greatly appreciated. Hi Kirsten, Thank you for contactin us. For example, is you sell a property for Hi, I have Spanish recidencia and have had for 15 years, but am British. Am I correct that if you sell your property in Spain but then fully reinvest any profit in further more properties in Spain you do not pay the capital gains tax, because you will be paying the tax on the new property or properties?

Because I am paying the tax on 2 new property purchases, would I still have to pay the Capital gains on the profit from the original sale? I was told if profit is reinvested in to the Spanish property market within a 2 year period you do not pay the tax on profit? Hi Andy, It is correct that if you sell and reinvest any profit you will avoid the capital gains tax, but if you buy two properties you will have to pay capital gains tax as you can not have two different main residences.

Hi, we have been living in France for fifteen years, and the plan is to sell our home and enable early retirement by living in rented accomodation in Spain. Trouble is, we have heard that we may be subject to capital gains tax by the Spanish authorities, even though it is our principle home?

Hi Richard, Yes this would be the case, it is always advisable to sell the the year prior to coming to Spain to be a Resident. Will my wife and her brother be liable for any Taxes or Capital Gains Tax on the property before they become the legal owners of it? If so what amounts are they When they become the legal owners of it , they both aim to sell it asap and she and I will return to the UK, what tax liabilities will there be when the Villa is sold Thank your help Geoff Cherry.

Hi, First they will inherit, they will become owners and will pay Inheritance Tax. The reduction in the Valencia Region is Please do not hesitate to contact us should you have any further queries. I bought land in Spain in with my Husband who died 6 years ago. We were both OAP s when we moved here and my husband was disabled..

We were both Spanish residents but have not paid tax or been asked to do as we only had some money from our British sale. We have always paid British Tax. Cash price for the land was 40, euros. As I am now disabled and not able to keep the property would like to return to Britain before Britain is totally out of the EU.

We built up a small casita, pool and a summer house and kept bills to prove this. As I am 80 years old this year. Thank you for your help. Hello, We are sorry to hear about your situation. Should you request any assistance from us please call us at or email us at info abacoadvisers. Hi I have been sent this regarding being able to reduce the selling price of your property by taking away the balance of the mortgage when you sell.

Hi, In order to be able to obtain relief when selling you residential home to purchase another you must have owned the property and living in the house for over three years as a Tax Resident and be reinvesting the full amount in the new property.

If you do not reinvest the full amount then you can only dedduct a percentage. I have received a gift from my parents of a property in Spain. All taxes are paid there. However, is there anything I would need to declare being a resident myself in the UK?

Hi Alejandro, No, you will not need to declare it being a resident in the UK.

294,000
* €/m2
Foreign residents
205 m2 | 8 bedrooms | 10 bathrooms | Furnished | Parking place | Swimming-pool | Gardens
Because knowing the exact costs and taxes when selling a property in Spain. There is no fixed. Lawyer fee. The standard fee that most lawyers charge for advising clients during the entire process of selling a properly in Spain is 1% + IVA on.

This involves Notary and Land Registry fees, and you should allocate approximately ,00 Euros for this. Remember: even if you have paid the mortgage totally, you still need to remove the charge from the property in the Land Registry , and unless you instruct the bank to do it, that will not be done. Please enable JavaScript in your browser to complete this form.

Hello, its a very useful account of essential information , it seems, but for non residents in Spain. I am a UK expat who is resident, with the legal certificate, so how would I find out which bits apply to me, when I sell my apartment here in Spain? Dear Teresa Thank you very much for your comment. Most of this post is applicable to residents.

Also, residents over 65 years are exempt of capital gains tax when selling their main residence. Please note that in order to prove your residency status, for this purpose you will need a Residency certificate issued by the Tax Office Agencia Tributaria , not by the police, in the same year of the sale of your property.

I hope this helps. Save my name, email, and website in this browser for the next time I comment. Selling your property in Spain?

The time to prepare all this is when you put your property on the market. Ask for an appointment with a lawyer that specialises in Conveyance and ask for an estimate of your costs and taxes.

And remember: in Spain verbal contracts are as binding as written ones, although obviously more difficult to enforce. Please, accept terms and conditions. Share Post:. Costs of Buying a Property in Spain. Inheritance Tax in Andalucia: exemptions increase from 1st January About Post Author.

Please can you advise if this is legal that the agencia can invent this CGT due when we provided all the paperwork to the Notary at the time of registration of the property.

This seems to be a false calculation we are being asked to pay.. Dear Jennifer, It is complicated to give you detailed information without seeing the documentation of the property.

In these cases it is vital that you have all documentation and paperwork in place and in order, without it is very difficult to claim anything at all from the Agencia Tributaria. Also the registration of the building should have been done before to avoid any possible issues. We assume you legal team is doing all that is possible with the tools and paperwork they have on the property. Sorry we can not really be of any further assistance. But this was all taken care of when property was sold, what she do?

Hello, Thanks for your message. We would need to see all paperwork, taxes paid, and letter of the Tax Authority to be able to asses in this matter. If you wish to send us all documentation on your case you can do so by emailing us at info abacoadvisers. Dear Miriam. No one seems to be able to confirm. Is the gain on the , euros or euros? Many thanks in advance IAN.

We then take your current selling price and deduct from it the costs incurred in the sale legal fees etc. We can not do this if you paid by cash and have no VAT receipt. Hi, Our recommendation is to have your solicitor claim the to the buyer and their representative.

Hi Anne, Yes unfortunately yes, you will have to pay property tax. Should you need assistance please contact our colleague Jessica at the following email jsp abacoadvisers.

My husband and I bought an apartment in Spain in for , euros. We want to sell it but it but we will sell it at lost. According to the market value it is worth , euros.

We are non-residents. We have finished paying for the mortgage. We are over 65 years old. How much? Do we have to pay Income tax in the UK? Even though we will not make any profits.

Should you need any help in the process please contact us at info abacoadvisers. If you are residents you would pay Tax on your world wide income including the proeprties, there could also be Wealth Tax on top of income Tax. The rent for the properties has to be declared in the UK as well as in Spain, Tax paid on the rental income is deducted from the Tax to pay here under the double Taxation treaty.

Should you have any further queries please do not hesitate to contact us at info abacoadvisers. I am a non resident but have owned a small town house in a village since Would i have to pay any tax as it will be sold for a loss? We currently have an offer on our home in Spain. I am 69 years old and my wife is We have been residents in Spain for the past 8 years and permanent residents for the past 1 year. Will my wife be liable for CGT on her half of any profit made?

This is our only residence, we do not own any other property. Thank you so much. Hi, if we sell our spanish home privately without an estate agent, who pays the solicitors fees, the seller or the buyer. Hi Janice, The buyer will pay for his solicitor and the seller for his own solicitor, if you have the same solicitor in the process if depends on the agreement you reach. If you have any authority for your answer, that would be greatly appreciated. Hi Kirsten, Thank you for contactin us.

For example, is you sell a property for Hi, I have Spanish recidencia and have had for 15 years, but am British.

Am I correct that if you sell your property in Spain but then fully reinvest any profit in further more properties in Spain you do not pay the capital gains tax, because you will be paying the tax on the new property or properties?

Because I am paying the tax on 2 new property purchases, would I still have to pay the Capital gains on the profit from the original sale? I was told if profit is reinvested in to the Spanish property market within a 2 year period you do not pay the tax on profit? Hi Andy, It is correct that if you sell and reinvest any profit you will avoid the capital gains tax, but if you buy two properties you will have to pay capital gains tax as you can not have two different main residences. Hi, we have been living in France for fifteen years, and the plan is to sell our home and enable early retirement by living in rented accomodation in Spain.

Trouble is, we have heard that we may be subject to capital gains tax by the Spanish authorities, even though it is our principle home? Hi Richard, Yes this would be the case, it is always advisable to sell the the year prior to coming to Spain to be a Resident. Will my wife and her brother be liable for any Taxes or Capital Gains Tax on the property before they become the legal owners of it?

If so what amounts are they When they become the legal owners of it , they both aim to sell it asap and she and I will return to the UK, what tax liabilities will there be when the Villa is sold Thank your help Geoff Cherry. Hi, First they will inherit, they will become owners and will pay Inheritance Tax. The reduction in the Valencia Region is Please do not hesitate to contact us should you have any further queries.

I bought land in Spain in with my Husband who died 6 years ago. We were both OAP s when we moved here and my husband was disabled.. We were both Spanish residents but have not paid tax or been asked to do as we only had some money from our British sale. We have always paid British Tax. Cash price for the land was 40, euros. As I am now disabled and not able to keep the property would like to return to Britain before Britain is totally out of the EU.

We built up a small casita, pool and a summer house and kept bills to prove this. As I am 80 years old this year. Thank you for your help.

Hello, We are sorry to hear about your situation. Should you request any assistance from us please call us at or email us at info abacoadvisers. Hi I have been sent this regarding being able to reduce the selling price of your property by taking away the balance of the mortgage when you sell.

Hi, In order to be able to obtain relief when selling you residential home to purchase another you must have owned the property and living in the house for over three years as a Tax Resident and be reinvesting the full amount in the new property.

If you do not reinvest the full amount then you can only dedduct a percentage. I have received a gift from my parents of a property in Spain. All taxes are paid there. However, is there anything I would need to declare being a resident myself in the UK? Hi Alejandro, No, you will not need to declare it being a resident in the UK. You will just need to pay your yearly property taxes as non-resident in Spain for the property you have received.

Where can i get a copy. Hi Nadine, You may check at the notary you signed the sale or with the buyers. Hi Roy, In the case the Tax has to be declared here on the H but also under the Double Taxation treaty in their own country deducting any Tax paid here from the Tax to pay there. You will have to declare the sale in the UK and the Tax paid here is deducted from the liability you may have in the UK under the double Taxation treaty. Hi Oscar, I am considering becoming a Spanish resident before the end of the year.

I own a small apartment in the UK which I will keep to use when I travel back to visit. Can you tell me if I will have to declare it and pay any taxes on it each year? I am a non-resident property owner,in Spain,i am Hi Joe, If you sell your property as a non-resident in Spain and you make a profit on the sale, yes you will have to pay Capital Gains Tax.

Toggle navigation. Table of Contents. See all It might be of your interest Calculating capital gains tax in Spain when selling your property Proposals for capital gains tax in the UK Changes to Spanish capital gains tax.

Leave a comment. Submit comment. Michael Dawson 1 May, am. Suzanne O'Connell 2 May, pm. Bernard Wasape 5 May, am. Suzanne O'Connell 8 May, pm.

Hi Bernard Hi Bernard Capital Gains is based on the purchase value plus official costs less the sale prices less costs and you are taxed on the difference. David Larby 6 November, am.

Suzanne O'Connell 13 November, am. Joanna Thomas 20 November, am. Many thanks. Suzanne O'Connell 2 December, pm. Dear Joanna Dear Joanna This is quite a complex case and each case such as this must be studied to see if modifications and builders' receipts are acceptable or not.

Martin Osmond 30 December, am. Suzanne O'Connell 1 January, pm. Dear Martin Dear Martin There is no allowance for capital gains tax. Annmarie Newton 30 December, pm. Suzanne O'Connell 5 January, am. Hi Annmarie Hi Annmarie You pay tax on the capital gains made from the difference between the sale price and the purchase price.

Dave murphy 17 January, pm. Suzanne O'Connell 28 January, pm. Hi Dave Hi Dave The costs for the solicitors, agents' fees etc.

Harriet Smith 20 January, pm. Suzanne O'Connell 13 February, am. Hi Steve Hi Steve The tax is based on the purchase price plus costs then the sale price less costs and you pay tax on the difference. Suzanne O'Connell 4 March, pm. Hi Steve Hi Steve Unfortunately, the capital gains is calculated from the date of purchase of the property to the sale. Jacqueline Ramscar 6 February, pm.

Hi Jacqueline Hi Jacqueline If you are a tax resident for more than three years and over 65 and you sell your house when you are still a resident then there is no capital gains tax to pay. Mr vincent rochester 7 February, pm. Suzanne O'Connell 12 February, am.

Adrian Barry 15 February, pm. Suzanne O'Connell 22 February, pm. Dear Adrian Dear Adrian If you sell and move to Spain in the same tax year and are here for days then you have to pay capital gains tax here. Viv 18 February, am. Suzanne O'Connell 18 February, pm. Gans 18 March, pm. Suzanne O'Connell 22 March, pm. Hi Gans Hi Gans Yes, you will have to pay capital gains tax here. John Andrews 25 March, pm. Suzanne O'Connell 31 March, pm. The property has to be The property has to be declared and if there is no capital gain then there is no tax to pay.

David Franklin 28 April, am. Suzanne O'Connell 30 April, am. Chris 4 May, pm. Resident in Spain, with Resident in Spain, with property here. Property in UK that one day I may wish to sell. Suzanne O'Connell 10 May, pm. Hi Chris Hi Chris No. Suzanne O'Connell 20 May, pm. Hi Carl Hi Carl As a file has been opened the time line of four years is extended. Lynn Elkington 20 May, am. Suzanne O'Connell 24 May, pm.

Suzanne O'Connell 1 June, pm. Hilly P 2 June, pm. Suzanne O'Connell 11 June, pm. Hilly P 9 June, am. Suzanne O'Connell 14 June, pm. Hi Hilly Hi Hilly It would have to be at least one full tax year. Susan Bramley 20 June, am. Suzanne O'Connell 24 June, am. Hi Susan Hi Susan I'm afraid capital gains tax is still payable. Susan Bramley 21 June, am. David Pryor 15 July, pm. Suzanne O'Connell 18 July, pm. Jay 15 July, pm. Suzanne O'Connell 24 July, am.

Gillian Breakwell 22 July, pm. Suzanne O'Connell 25 July, pm. DM 28 July, pm. Hi there Hi there 3. CGT questions for you: 1. Many thanks — congrats on website and forum — very useful and insightful. Suzanne O'Connell 3 August, pm. Hi Hi To answer your questions: 1. No, the paying off of the mortgage will not influence the CGT 2. David Barton 31 July, am.

Hi David Hi David No. There will also be Plus Valia to pay. Ian walker 2 August, pm. Suzanne O'Connell 7 August, pm. Hi Ian Hi Ian The only way to avoid capital gains tax is to sell the property in one year and not come to Spain until the following year. Colin 5 August, pm. Suzanne O'Connell 8 August, pm. David 11 August, am.

Do I have to complete within that time, or can I place a deposit on a new property? Oscar Paoli 11 November, pm. Mrs Glenda Pennell 3 October, pm. Oscar Paoli 7 October, am. No, in this case you will not need to do so.

Neary Rama 10 October, am. Oscar Paoli 10 October, am. Tim Solway 14 October, pm. Earlier this year I purchased a one bedroom flat. Lots of questions. Your advice would be appreciated. Oscar Paoli 17 October, pm. Ken Cook 22 October, am. Regards Ken Cook.

Oscar Paoli 23 October, pm. Hello Ken, As answer to your query you are still non-resident in Spain. If you are resident in Spain you should not be required to pay taxes back in the UK. Oscar Paoli 24 October, am. Anonymous 25 October, am. Oscar Paoli 25 October, am. Ian Radford 6 November, pm. Oscar Paoli 7 November, am.

These calculations will leave us with a final sale figure. Karacsonyi Robert 14 November, pm. Thank you! Oscar Paoli 15 November, pm. Anne Marie Frisby 17 December, pm. Oscar Paoli 17 December, pm. Carmen 31 December, pm. Oscar Paoli 2 January, pm. Howard 10 January, am. It is our intention to reside there for more than 26 weeks of the year I have 13 properties in the uk all in my sole name that I rent out. If we become resident in Spain what taxes will I pay and how much Thank you H. Oscar Paoli 13 January, pm.

Julie Hill 10 January, pm. Michael Coles 10 January, pm. Janice 10 January, pm. Kirsten Jackson 12 January, pm. Dear Sirs, I would appreciate your advice on the following query. Kind regards,. Andy 24 January, am. Thanks in advance! Oscar Paoli 29 January, pm.

Richard Glynn 26 January, pm. Geoff Cherry 31 January, am. Oscar Paoli 4 March, pm.

588,000
* €/m2
Foreign non-residents
197 m2 | 2 bedrooms | 8 bathrooms | Furnished | Parking place | Swimming-pool | Gardens
Notary fees; Transmission tax and legal fees. This is then deducted from the final sale figure less costs incurred during the sale, including. These usually range from 4% to 7% of the sale price, plus VAT at the current rate of 21%. The estate agent's commission is paid when the deed is signed, once the​. There is no fixed.

Sea views. Air conditioning. Central heating. Roof terrace. Separate guest accommodation. Back Printable page View My Favourites.

Expenses when selling a property in Spain When you sell your house you will need to pay tax to the Hacienda or tax office for the profits you will have made on the sale of your house. Foreign residents To qualify and be treated as a Spanish resident requires you to have been living in Spain for 3 or more years and to be able to prove this, by providing the previous 3 years tax returns, an escritura in your name that is more than 3 years old or a certificate from your local town hall to say that you have been registered as living there for more than 3 years.

Foreign residents who are aged 65 and over If you are selling your primary residence you are not liable to pay capital gains tax. Please select one of the following options Log in to My Favourites. Create new My Favourites account. My Favourites log in Email:. Log in. My Favourites create account Email:. This value is given to each property in Spain by the tax authorities, and is divided in Land value and Construction value.

Well, we only take into account the given Land value to calculate this tax. The second factor that determines this tax is the period of time that the property has been owned by the seller. Based on these two factors, the municipality applies the tax rates , which are the same all over Spain when selling a property.

What makes different the tax paid depending the place, is that each city hall has the possibility to apply more or less bonifications.

Normally, the higher cost selling property in Spain is this tax. It is subject to taxation obtaining a capital gain resulting from the sale of a property. Since the beginning of , there has been a reform in this tax in Spain changing the taxation of the property yields.

In general, the gain is determined by the difference between the values of transmission and acquisition. The acquisition value is determined by the actual price of the property involved, plus all costs and taxes paid when bought, excluding interest. Depending on the year of property acquisition, this value is corrected by the application of an updating coefficient, which is established annually, in accordance with the Spanish General State Budget Act.

Well, the difference between the transfer value and the acquisition value, calculated in accordance with the above, will be the gain subject to tax.

Since January 1, , selling property in Spain, the exemption for reinvestment in the principal residence applies to the taxpayers from the EU, Iceland and Norway. These are general lines. It is advisable to study the case as there are several peculiarities in the law. In the case of existing charges or debts on the property , obviously they must be paid before the purchase, unless otherwise agreed with the buyer. This is a huge cost selling a property in Spain. Fact that would save big money to both parts.

If the charges and encumbrances are inscribed in the Land Registry , as is the case of a mortgages in Spain, the cancelation of this charge will make necessary the signing of a cancellation deed before a notary, the Stamp duty, and the cost of the Land Registry. These are guidelines for the cancellation of the most likely charge found when selling a property in Spain, which is a mortgage.

In the case of different burdens like embargos and resolutory conditions , the cancellation process may vary. At the moment of signing the mortgage deeds was agreed the cancellation fee. This is a big cost selling a property in Spain. Once the mortgage capital and the cancellation fee is paid, is necessary to obtain from the bank a mortgage cancellation certificate , in order to proceed to the cancellation of the charge in the Land Registry.

The Bank of Spain says that the certificate must be free of cost. However, be carefull, the bank is looking forward giving you a "goodbye kiss". To cancel a previous charge, inscribed in the Land Registry, for selling a property in Spain, is necessary the signing of a cancellation deed before a notary. For that purpose it is necessary to present the certificate given by the mortgage bank declaring that the debt is zero.

With the new mortgage regulation in Spain, cancelling a mortgage is exempt from payment the Stampt duty , however still is necessary filling the tax zero tax. This works in such way in the case of the mortgage, if the burden is of a different nature probably it is still obliged by the stamp duty. Probably the buyer will need a mortgage to buy the property in Spain, what will imply that his bank requires all paperwork made by someone they trust.

Therefore, the cost of the Administrative manager company is imposed by the buyer's bank, even if you are capable to do the paperwork by yourself.

651,000
* €/m2
101 m2 | 5 bedrooms | 9 bathrooms | Furnished | Parking place | Swimming-pool | Gardens
Because knowing the exact costs and taxes when selling a property in Spain. Advice and information on the costs when you sell your Spanish property. Capital gains taxes, plusvalia taxes, who pays what and how to claim a refund. Selling the property yourself will save you money on the hefty commission fees if you've got the time and patience to show people round the.

My husband and I bought an apartment in Spain in for , euros. We want to sell it but it but we will sell it at lost. According to the market value it is worth , euros. We are non-residents. We have finished paying for the mortgage. We are over 65 years old. How much? Do we have to pay Income tax in the UK? Even though we will not make any profits. Should you need any help in the process please contact us at info abacoadvisers.

If you are residents you would pay Tax on your world wide income including the proeprties, there could also be Wealth Tax on top of income Tax. The rent for the properties has to be declared in the UK as well as in Spain, Tax paid on the rental income is deducted from the Tax to pay here under the double Taxation treaty. Should you have any further queries please do not hesitate to contact us at info abacoadvisers.

I am a non resident but have owned a small town house in a village since Would i have to pay any tax as it will be sold for a loss? We currently have an offer on our home in Spain. I am 69 years old and my wife is We have been residents in Spain for the past 8 years and permanent residents for the past 1 year. Will my wife be liable for CGT on her half of any profit made?

This is our only residence, we do not own any other property. Thank you so much. Hi, if we sell our spanish home privately without an estate agent, who pays the solicitors fees, the seller or the buyer.

Hi Janice, The buyer will pay for his solicitor and the seller for his own solicitor, if you have the same solicitor in the process if depends on the agreement you reach. If you have any authority for your answer, that would be greatly appreciated. Hi Kirsten, Thank you for contactin us. For example, is you sell a property for Hi, I have Spanish recidencia and have had for 15 years, but am British. Am I correct that if you sell your property in Spain but then fully reinvest any profit in further more properties in Spain you do not pay the capital gains tax, because you will be paying the tax on the new property or properties?

Because I am paying the tax on 2 new property purchases, would I still have to pay the Capital gains on the profit from the original sale? I was told if profit is reinvested in to the Spanish property market within a 2 year period you do not pay the tax on profit? Hi Andy, It is correct that if you sell and reinvest any profit you will avoid the capital gains tax, but if you buy two properties you will have to pay capital gains tax as you can not have two different main residences.

Hi, we have been living in France for fifteen years, and the plan is to sell our home and enable early retirement by living in rented accomodation in Spain.

Trouble is, we have heard that we may be subject to capital gains tax by the Spanish authorities, even though it is our principle home? Hi Richard, Yes this would be the case, it is always advisable to sell the the year prior to coming to Spain to be a Resident. Will my wife and her brother be liable for any Taxes or Capital Gains Tax on the property before they become the legal owners of it? If so what amounts are they When they become the legal owners of it , they both aim to sell it asap and she and I will return to the UK, what tax liabilities will there be when the Villa is sold Thank your help Geoff Cherry.

Hi, First they will inherit, they will become owners and will pay Inheritance Tax. The reduction in the Valencia Region is Please do not hesitate to contact us should you have any further queries. I bought land in Spain in with my Husband who died 6 years ago. We were both OAP s when we moved here and my husband was disabled..

We were both Spanish residents but have not paid tax or been asked to do as we only had some money from our British sale. We have always paid British Tax. Cash price for the land was 40, euros. As I am now disabled and not able to keep the property would like to return to Britain before Britain is totally out of the EU. We built up a small casita, pool and a summer house and kept bills to prove this. As I am 80 years old this year. Thank you for your help. Hello, We are sorry to hear about your situation.

Should you request any assistance from us please call us at or email us at info abacoadvisers. Hi I have been sent this regarding being able to reduce the selling price of your property by taking away the balance of the mortgage when you sell.

Hi, In order to be able to obtain relief when selling you residential home to purchase another you must have owned the property and living in the house for over three years as a Tax Resident and be reinvesting the full amount in the new property.

If you do not reinvest the full amount then you can only dedduct a percentage. I have received a gift from my parents of a property in Spain. All taxes are paid there. However, is there anything I would need to declare being a resident myself in the UK? Hi Alejandro, No, you will not need to declare it being a resident in the UK.

You will just need to pay your yearly property taxes as non-resident in Spain for the property you have received. Where can i get a copy.

Hi Nadine, You may check at the notary you signed the sale or with the buyers. Hi Roy, In the case the Tax has to be declared here on the H but also under the Double Taxation treaty in their own country deducting any Tax paid here from the Tax to pay there. You will have to declare the sale in the UK and the Tax paid here is deducted from the liability you may have in the UK under the double Taxation treaty.

Hi Oscar, I am considering becoming a Spanish resident before the end of the year. I own a small apartment in the UK which I will keep to use when I travel back to visit. Can you tell me if I will have to declare it and pay any taxes on it each year?

I am a non-resident property owner,in Spain,i am Hi Joe, If you sell your property as a non-resident in Spain and you make a profit on the sale, yes you will have to pay Capital Gains Tax. Toggle navigation. Table of Contents. See all It might be of your interest Calculating capital gains tax in Spain when selling your property Proposals for capital gains tax in the UK Changes to Spanish capital gains tax.

Leave a comment. Submit comment. Michael Dawson 1 May, am. Suzanne O'Connell 2 May, pm. Bernard Wasape 5 May, am. Suzanne O'Connell 8 May, pm. Hi Bernard Hi Bernard Capital Gains is based on the purchase value plus official costs less the sale prices less costs and you are taxed on the difference.

David Larby 6 November, am. Suzanne O'Connell 13 November, am. Joanna Thomas 20 November, am. Many thanks. Suzanne O'Connell 2 December, pm. Dear Joanna Dear Joanna This is quite a complex case and each case such as this must be studied to see if modifications and builders' receipts are acceptable or not. Martin Osmond 30 December, am. Suzanne O'Connell 1 January, pm. Dear Martin Dear Martin There is no allowance for capital gains tax. Annmarie Newton 30 December, pm. Suzanne O'Connell 5 January, am.

Hi Annmarie Hi Annmarie You pay tax on the capital gains made from the difference between the sale price and the purchase price. Dave murphy 17 January, pm. Suzanne O'Connell 28 January, pm. Hi Dave Hi Dave The costs for the solicitors, agents' fees etc. Harriet Smith 20 January, pm. Suzanne O'Connell 13 February, am. Hi Steve Hi Steve The tax is based on the purchase price plus costs then the sale price less costs and you pay tax on the difference.

Suzanne O'Connell 4 March, pm. Hi Steve Hi Steve Unfortunately, the capital gains is calculated from the date of purchase of the property to the sale. Jacqueline Ramscar 6 February, pm. Hi Jacqueline Hi Jacqueline If you are a tax resident for more than three years and over 65 and you sell your house when you are still a resident then there is no capital gains tax to pay. Mr vincent rochester 7 February, pm. Suzanne O'Connell 12 February, am.

Adrian Barry 15 February, pm. Suzanne O'Connell 22 February, pm. Dear Adrian Dear Adrian If you sell and move to Spain in the same tax year and are here for days then you have to pay capital gains tax here. Viv 18 February, am. Suzanne O'Connell 18 February, pm. Gans 18 March, pm. Suzanne O'Connell 22 March, pm. Hi Gans Hi Gans Yes, you will have to pay capital gains tax here.

John Andrews 25 March, pm. Suzanne O'Connell 31 March, pm. The property has to be The property has to be declared and if there is no capital gain then there is no tax to pay. David Franklin 28 April, am. Suzanne O'Connell 30 April, am. Chris 4 May, pm. Resident in Spain, with Resident in Spain, with property here. Property in UK that one day I may wish to sell.

Suzanne O'Connell 10 May, pm. Hi Chris Hi Chris No. Suzanne O'Connell 20 May, pm. Hi Carl Hi Carl As a file has been opened the time line of four years is extended. Lynn Elkington 20 May, am. Suzanne O'Connell 24 May, pm. Suzanne O'Connell 1 June, pm. Hilly P 2 June, pm. Suzanne O'Connell 11 June, pm. Hilly P 9 June, am.

Suzanne O'Connell 14 June, pm. Hi Hilly Hi Hilly It would have to be at least one full tax year. Susan Bramley 20 June, am. Suzanne O'Connell 24 June, am.

Hi Susan Hi Susan I'm afraid capital gains tax is still payable. Susan Bramley 21 June, am. David Pryor 15 July, pm. Suzanne O'Connell 18 July, pm. Jay 15 July, pm. Suzanne O'Connell 24 July, am. Gillian Breakwell 22 July, pm. Suzanne O'Connell 25 July, pm. DM 28 July, pm. Hi there Hi there 3. CGT questions for you: 1. Many thanks — congrats on website and forum — very useful and insightful. Suzanne O'Connell 3 August, pm.

Hi Hi To answer your questions: 1. No, the paying off of the mortgage will not influence the CGT 2. David Barton 31 July, am. Hi David Hi David No. There will also be Plus Valia to pay. Ian walker 2 August, pm. Suzanne O'Connell 7 August, pm. Hi Ian Hi Ian The only way to avoid capital gains tax is to sell the property in one year and not come to Spain until the following year.

Colin 5 August, pm. Suzanne O'Connell 8 August, pm. David 11 August, am. Do I have to complete within that time, or can I place a deposit on a new property?

Oscar Paoli 11 November, pm. Mrs Glenda Pennell 3 October, pm. Oscar Paoli 7 October, am. No, in this case you will not need to do so. Neary Rama 10 October, am. Oscar Paoli 10 October, am. Tim Solway 14 October, pm. Earlier this year I purchased a one bedroom flat. Lots of questions. Your advice would be appreciated. Oscar Paoli 17 October, pm. Ken Cook 22 October, am. Regards Ken Cook.

Oscar Paoli 23 October, pm. Hello Ken, As answer to your query you are still non-resident in Spain. If you are resident in Spain you should not be required to pay taxes back in the UK. Oscar Paoli 24 October, am. Anonymous 25 October, am. Oscar Paoli 25 October, am. Ian Radford 6 November, pm. Oscar Paoli 7 November, am. These calculations will leave us with a final sale figure. Karacsonyi Robert 14 November, pm. Thank you! Oscar Paoli 15 November, pm. Anne Marie Frisby 17 December, pm.

Oscar Paoli 17 December, pm. Carmen 31 December, pm. Oscar Paoli 2 January, pm. Howard 10 January, am. It is our intention to reside there for more than 26 weeks of the year I have 13 properties in the uk all in my sole name that I rent out.

If we become resident in Spain what taxes will I pay and how much Thank you H. Oscar Paoli 13 January, pm. Julie Hill 10 January, pm. Michael Coles 10 January, pm. Janice 10 January, pm. Kirsten Jackson 12 January, pm. Dear Sirs, I would appreciate your advice on the following query. Kind regards,. Andy 24 January, am. Thanks in advance! Oscar Paoli 29 January, pm. Richard Glynn 26 January, pm. Geoff Cherry 31 January, am. Oscar Paoli 4 March, pm. David Patchett 31 January, pm.

Have the Spanish government legislated on the Plusvalia tax yet. Oscar Paoli 5 February, pm. Oscar Paoli 10 February, pm. Chris Roberts 11 February, pm.

Angela Johnson 18 February, pm. Oscar Paoli 18 February, pm. Alejandro Moreno 4 March, pm. Hi, I have received a gift from my parents of a property in Spain. Thanks in advance. Nadina Cole 14 March, am. Oscar Paoli 16 March, pm.

Roy Hall 31 March, pm. Thanking you. Oscar Paoli 1 April, am. Jeff 2 May, pm. Oscar Paoli 4 May, am. Hi Jeff, You will have to declare the sale in the UK and the Tax paid here is deducted from the liability you may have in the UK under the double Taxation treaty. Craig C 7 May, pm. Oscar Paoli 8 May, am. Selling property in Spain involves a number of obligations and costs that must be faced by the seller. The general rule selling a property in Spain is that the purchase is made free of liens and encumbrances , being up to date with payments and taxes , and free of tenants and occupants.

But it is possible an agreement against this rule. Selling property in Spain: The charges' cancellation costs. It is always a good idea to put the property up for sale in the best possible condition , trying to attract the buyers attention. The good shape of the property must be from the point of view legal and physical. Is advisable to do in advance if possible the reparations needed by the property and the whole legal paperwork in the form of cancellations.

Waiting until the purchase moment will bring that another one taking care of it on our behalf Believe me, it will be way more expensive. In case of defects is advisable to be remedied and, if not possible, to inform the buyer of its existence, because if he finds out after the purchase, has a period of six months to take legal actions. Depending the region where you are selling the property in Spain, the notary costs could be shared between the counterparts.

To tell the truth is what the law dictates the sharing , but in some places is accustomed that the notary cost is paid only by the buyer. As a result of selling a property in Spain, you have to pay the tax on the increase in the value of urban land , also known in Spain as Plusvalia tax. This tax is applied only to property of urban nature and obligues to pay only for the value of the plot, not for the built value.

This is a local tax. It is paid to the city hall where we are selling property in Spain. The taxable base of this tax selling property in Spain is based on the cadastral value of the property.

This value is given to each property in Spain by the tax authorities, and is divided in Land value and Construction value. Well, we only take into account the given Land value to calculate this tax. The second factor that determines this tax is the period of time that the property has been owned by the seller. Based on these two factors, the municipality applies the tax rates , which are the same all over Spain when selling a property.

What makes different the tax paid depending the place, is that each city hall has the possibility to apply more or less bonifications.

Normally, the higher cost selling property in Spain is this tax. It is subject to taxation obtaining a capital gain resulting from the sale of a property. Since the beginning of , there has been a reform in this tax in Spain changing the taxation of the property yields.

In general, the gain is determined by the difference between the values of transmission and acquisition. The acquisition value is determined by the actual price of the property involved, plus all costs and taxes paid when bought, excluding interest.

Depending on the year of property acquisition, this value is corrected by the application of an updating coefficient, which is established annually, in accordance with the Spanish General State Budget Act. Well, the difference between the transfer value and the acquisition value, calculated in accordance with the above, will be the gain subject to tax. Since January 1, , selling property in Spain, the exemption for reinvestment in the principal residence applies to the taxpayers from the EU, Iceland and Norway.

These are general lines. It is advisable to study the case as there are several peculiarities in the law.

548,000
* €/m2
273 m2 | 10 bedrooms | 7 bathrooms | Furnished | Parking place | Swimming-pool | Gardens
Selling the property yourself will save you money on the hefty commission fees if you've got the time and patience to show people round the. These usually range from 4% to 7% of the sale price, plus VAT at the current rate of 21%. The estate agent's commission is paid when the deed is signed, once the​. If you want to sell your house or flat in Spain there are a few fees you might want to be aware of before you start. Property conveyancing is not.

He has one month after completion to make this application. To qualify and be treated as a Spanish resident requires you to have been living in Spain for 3 or more years and to be able to prove this, by providing the previous 3 years tax returns, an escritura in your name that is more than 3 years old or a certificate from your local town hall to say that you have been registered as living there for more than 3 years. You will also need to prove that you intend to continue to live in Spain by providing a contract to purchase a new home or a rental contract for at least 6 months.

If within 2 years of the sale you invest all of the proceeds from the sale into another primary home you will not have to pay this tax. Rollover credit is not available for any other house than your primary residence. If you are selling your primary residence you are not liable to pay capital gains tax. Again you will need to prove that you have lived in Spain for 3 years or more and intend to continue living here. If you don't decalre your taxes here, but can prove that you earn less than 11, euros per year, then you are exempt from paying Capital gains tax.

They will be able to tell you the tax accrued if the property was to be sold on that date. More search options. Reset search. Sea views. Air conditioning. Central heating. It is paid to the city hall where we are selling property in Spain. The taxable base of this tax selling property in Spain is based on the cadastral value of the property. This value is given to each property in Spain by the tax authorities, and is divided in Land value and Construction value.

Well, we only take into account the given Land value to calculate this tax. The second factor that determines this tax is the period of time that the property has been owned by the seller. Based on these two factors, the municipality applies the tax rates , which are the same all over Spain when selling a property. What makes different the tax paid depending the place, is that each city hall has the possibility to apply more or less bonifications.

Normally, the higher cost selling property in Spain is this tax. It is subject to taxation obtaining a capital gain resulting from the sale of a property. Since the beginning of , there has been a reform in this tax in Spain changing the taxation of the property yields. In general, the gain is determined by the difference between the values of transmission and acquisition. The acquisition value is determined by the actual price of the property involved, plus all costs and taxes paid when bought, excluding interest.

Depending on the year of property acquisition, this value is corrected by the application of an updating coefficient, which is established annually, in accordance with the Spanish General State Budget Act. Well, the difference between the transfer value and the acquisition value, calculated in accordance with the above, will be the gain subject to tax. Since January 1, , selling property in Spain, the exemption for reinvestment in the principal residence applies to the taxpayers from the EU, Iceland and Norway.

These are general lines. It is advisable to study the case as there are several peculiarities in the law. In the case of existing charges or debts on the property , obviously they must be paid before the purchase, unless otherwise agreed with the buyer. This is a huge cost selling a property in Spain. Fact that would save big money to both parts. If the charges and encumbrances are inscribed in the Land Registry , as is the case of a mortgages in Spain, the cancelation of this charge will make necessary the signing of a cancellation deed before a notary, the Stamp duty, and the cost of the Land Registry.

These are guidelines for the cancellation of the most likely charge found when selling a property in Spain, which is a mortgage. In the case of different burdens like embargos and resolutory conditions , the cancellation process may vary. At the moment of signing the mortgage deeds was agreed the cancellation fee. This is a big cost selling a property in Spain. Once the mortgage capital and the cancellation fee is paid, is necessary to obtain from the bank a mortgage cancellation certificate , in order to proceed to the cancellation of the charge in the Land Registry.

The Bank of Spain says that the certificate must be free of cost. However, be carefull, the bank is looking forward giving you a "goodbye kiss".

To cancel a previous charge, inscribed in the Land Registry, for selling a property in Spain, is necessary the signing of a cancellation deed before a notary. For that purpose it is necessary to present the certificate given by the mortgage bank declaring that the debt is zero. With the new mortgage regulation in Spain, cancelling a mortgage is exempt from payment the Stampt duty , however still is necessary filling the tax zero tax.

This works in such way in the case of the mortgage, if the burden is of a different nature probably it is still obliged by the stamp duty.

354,000
* €/m2
230 m2 | 2 bedrooms | 9 bathrooms | Furnished | Parking place | Swimming-pool | Gardens
Selling the property yourself will save you money on the hefty commission fees if you've got the time and patience to show people round the. These usually range from 4% to 7% of the sale price, plus VAT at the current rate of 21%. The estate agent's commission is paid when the deed is signed, once the​. Notary fees; Transmission tax and legal fees. This is then deducted from the final sale figure less costs incurred during the sale, including.

It is advisable to ask your lawyer to calculate this from the beginning, and depending on this, you may have more or less room for price negotiations, and it may even affect your asking sale price.

Note: Several Spanish Court Decisions have ruled that the way this tax is calculated in not legal, in cases where the sale price is lower than the purchase price , and therefore the Spanish government is expected to pass a new law modifying this tax. Please ask your lawyer about this. Unlike the plusvalia, this tax is fairer because it is based on the actual profit obtained. But please note that : 1 The Tax Office will take between 6 and 10 months to pay the refund, and 2 Before paying the refund, the Tax Office will check that you have been paying your Non Resident Income Tax.

Estate Agency fee. Lawyer fee. It is advisable to contact a lawyer at the early stages of a sale. They will confirm their fees and will also inform you about taxes, etc. Certificate of Energy Performance. You can be fined for advertising your property for sale or long term rent without this Certificate. You can ask your property agent to organise this for you. Mortgage cancellation costs. If there is a mortgage charge on the property that you want to sell, even it you paid it off years ago, you need to make sure that the charge has been lifted from the Property Registry.

This involves Notary and Land Registry fees, and you should allocate approximately ,00 Euros for this. Remember: even if you have paid the mortgage totally, you still need to remove the charge from the property in the Land Registry , and unless you instruct the bank to do it, that will not be done.

Please enable JavaScript in your browser to complete this form. Hello, its a very useful account of essential information , it seems, but for non residents in Spain. I am a UK expat who is resident, with the legal certificate, so how would I find out which bits apply to me, when I sell my apartment here in Spain?

Dear Teresa Thank you very much for your comment. If you wish to send us all documentation on your case you can do so by emailing us at info abacoadvisers.

Dear Miriam. No one seems to be able to confirm. Is the gain on the , euros or euros? Many thanks in advance IAN.

We then take your current selling price and deduct from it the costs incurred in the sale legal fees etc. We can not do this if you paid by cash and have no VAT receipt. Hi, Our recommendation is to have your solicitor claim the to the buyer and their representative. Hi Anne, Yes unfortunately yes, you will have to pay property tax.

Should you need assistance please contact our colleague Jessica at the following email jsp abacoadvisers. My husband and I bought an apartment in Spain in for , euros. We want to sell it but it but we will sell it at lost. According to the market value it is worth , euros. We are non-residents. We have finished paying for the mortgage. We are over 65 years old. How much? Do we have to pay Income tax in the UK?

Even though we will not make any profits. Should you need any help in the process please contact us at info abacoadvisers. If you are residents you would pay Tax on your world wide income including the proeprties, there could also be Wealth Tax on top of income Tax.

The rent for the properties has to be declared in the UK as well as in Spain, Tax paid on the rental income is deducted from the Tax to pay here under the double Taxation treaty.

Should you have any further queries please do not hesitate to contact us at info abacoadvisers. I am a non resident but have owned a small town house in a village since Would i have to pay any tax as it will be sold for a loss?

We currently have an offer on our home in Spain. I am 69 years old and my wife is We have been residents in Spain for the past 8 years and permanent residents for the past 1 year. Will my wife be liable for CGT on her half of any profit made?

This is our only residence, we do not own any other property. Thank you so much. Hi, if we sell our spanish home privately without an estate agent, who pays the solicitors fees, the seller or the buyer. Hi Janice, The buyer will pay for his solicitor and the seller for his own solicitor, if you have the same solicitor in the process if depends on the agreement you reach. If you have any authority for your answer, that would be greatly appreciated.

Hi Kirsten, Thank you for contactin us. For example, is you sell a property for Hi, I have Spanish recidencia and have had for 15 years, but am British. Am I correct that if you sell your property in Spain but then fully reinvest any profit in further more properties in Spain you do not pay the capital gains tax, because you will be paying the tax on the new property or properties?

Because I am paying the tax on 2 new property purchases, would I still have to pay the Capital gains on the profit from the original sale?

I was told if profit is reinvested in to the Spanish property market within a 2 year period you do not pay the tax on profit? Hi Andy, It is correct that if you sell and reinvest any profit you will avoid the capital gains tax, but if you buy two properties you will have to pay capital gains tax as you can not have two different main residences.

Hi, we have been living in France for fifteen years, and the plan is to sell our home and enable early retirement by living in rented accomodation in Spain. Trouble is, we have heard that we may be subject to capital gains tax by the Spanish authorities, even though it is our principle home?

Hi Richard, Yes this would be the case, it is always advisable to sell the the year prior to coming to Spain to be a Resident. Will my wife and her brother be liable for any Taxes or Capital Gains Tax on the property before they become the legal owners of it? If so what amounts are they When they become the legal owners of it , they both aim to sell it asap and she and I will return to the UK, what tax liabilities will there be when the Villa is sold Thank your help Geoff Cherry.

Hi, First they will inherit, they will become owners and will pay Inheritance Tax. The reduction in the Valencia Region is Please do not hesitate to contact us should you have any further queries. I bought land in Spain in with my Husband who died 6 years ago. We were both OAP s when we moved here and my husband was disabled.. We were both Spanish residents but have not paid tax or been asked to do as we only had some money from our British sale.

We have always paid British Tax. Cash price for the land was 40, euros. As I am now disabled and not able to keep the property would like to return to Britain before Britain is totally out of the EU.

We built up a small casita, pool and a summer house and kept bills to prove this. As I am 80 years old this year. Thank you for your help. Hello, We are sorry to hear about your situation. Should you request any assistance from us please call us at or email us at info abacoadvisers. Hi I have been sent this regarding being able to reduce the selling price of your property by taking away the balance of the mortgage when you sell. Hi, In order to be able to obtain relief when selling you residential home to purchase another you must have owned the property and living in the house for over three years as a Tax Resident and be reinvesting the full amount in the new property.

If you do not reinvest the full amount then you can only dedduct a percentage. I have received a gift from my parents of a property in Spain. All taxes are paid there. However, is there anything I would need to declare being a resident myself in the UK?

Hi Alejandro, No, you will not need to declare it being a resident in the UK. You will just need to pay your yearly property taxes as non-resident in Spain for the property you have received. Where can i get a copy.

Hi Nadine, You may check at the notary you signed the sale or with the buyers. Hi Roy, In the case the Tax has to be declared here on the H but also under the Double Taxation treaty in their own country deducting any Tax paid here from the Tax to pay there. You will have to declare the sale in the UK and the Tax paid here is deducted from the liability you may have in the UK under the double Taxation treaty. Hi Oscar, I am considering becoming a Spanish resident before the end of the year.

I own a small apartment in the UK which I will keep to use when I travel back to visit. Can you tell me if I will have to declare it and pay any taxes on it each year? I am a non-resident property owner,in Spain,i am Hi Joe, If you sell your property as a non-resident in Spain and you make a profit on the sale, yes you will have to pay Capital Gains Tax. Toggle navigation. Table of Contents. See all It might be of your interest Calculating capital gains tax in Spain when selling your property Proposals for capital gains tax in the UK Changes to Spanish capital gains tax.

Leave a comment. Submit comment. Michael Dawson 1 May, am. Suzanne O'Connell 2 May, pm. Bernard Wasape 5 May, am. Suzanne O'Connell 8 May, pm. Hi Bernard Hi Bernard Capital Gains is based on the purchase value plus official costs less the sale prices less costs and you are taxed on the difference.

David Larby 6 November, am. Suzanne O'Connell 13 November, am. Joanna Thomas 20 November, am. Many thanks.

Suzanne O'Connell 2 December, pm. Dear Joanna Dear Joanna This is quite a complex case and each case such as this must be studied to see if modifications and builders' receipts are acceptable or not.

Martin Osmond 30 December, am. Suzanne O'Connell 1 January, pm. Dear Martin Dear Martin There is no allowance for capital gains tax. Annmarie Newton 30 December, pm. Suzanne O'Connell 5 January, am. Hi Annmarie Hi Annmarie You pay tax on the capital gains made from the difference between the sale price and the purchase price.

Dave murphy 17 January, pm. Suzanne O'Connell 28 January, pm. Hi Dave Hi Dave The costs for the solicitors, agents' fees etc. Harriet Smith 20 January, pm.

Suzanne O'Connell 13 February, am. Hi Steve Hi Steve The tax is based on the purchase price plus costs then the sale price less costs and you pay tax on the difference.

Suzanne O'Connell 4 March, pm. Hi Steve Hi Steve Unfortunately, the capital gains is calculated from the date of purchase of the property to the sale. Jacqueline Ramscar 6 February, pm. Hi Jacqueline Hi Jacqueline If you are a tax resident for more than three years and over 65 and you sell your house when you are still a resident then there is no capital gains tax to pay. Mr vincent rochester 7 February, pm. Suzanne O'Connell 12 February, am.

Adrian Barry 15 February, pm. Suzanne O'Connell 22 February, pm. Dear Adrian Dear Adrian If you sell and move to Spain in the same tax year and are here for days then you have to pay capital gains tax here. Viv 18 February, am. Suzanne O'Connell 18 February, pm. Gans 18 March, pm. Suzanne O'Connell 22 March, pm. Hi Gans Hi Gans Yes, you will have to pay capital gains tax here. John Andrews 25 March, pm. Suzanne O'Connell 31 March, pm.

The property has to be The property has to be declared and if there is no capital gain then there is no tax to pay. David Franklin 28 April, am. Suzanne O'Connell 30 April, am. Chris 4 May, pm. Resident in Spain, with Resident in Spain, with property here. Property in UK that one day I may wish to sell. Suzanne O'Connell 10 May, pm. Hi Chris Hi Chris No.

Suzanne O'Connell 20 May, pm. Hi Carl Hi Carl As a file has been opened the time line of four years is extended. Lynn Elkington 20 May, am. Suzanne O'Connell 24 May, pm. Suzanne O'Connell 1 June, pm. Hilly P 2 June, pm. Suzanne O'Connell 11 June, pm. Hilly P 9 June, am. Suzanne O'Connell 14 June, pm. Hi Hilly Hi Hilly It would have to be at least one full tax year. Susan Bramley 20 June, am. Suzanne O'Connell 24 June, am.

Hi Susan Hi Susan I'm afraid capital gains tax is still payable. Susan Bramley 21 June, am. David Pryor 15 July, pm. Suzanne O'Connell 18 July, pm. Jay 15 July, pm. Suzanne O'Connell 24 July, am. Gillian Breakwell 22 July, pm. Suzanne O'Connell 25 July, pm. DM 28 July, pm. Hi there Hi there 3. CGT questions for you: 1. Many thanks — congrats on website and forum — very useful and insightful.

Suzanne O'Connell 3 August, pm. Hi Hi To answer your questions: 1. No, the paying off of the mortgage will not influence the CGT 2. David Barton 31 July, am. Hi David Hi David No. There will also be Plus Valia to pay. Ian walker 2 August, pm. Suzanne O'Connell 7 August, pm. Hi Ian Hi Ian The only way to avoid capital gains tax is to sell the property in one year and not come to Spain until the following year. Colin 5 August, pm. Suzanne O'Connell 8 August, pm.

David 11 August, am. Do I have to complete within that time, or can I place a deposit on a new property? Oscar Paoli 11 November, pm. Mrs Glenda Pennell 3 October, pm. Oscar Paoli 7 October, am. No, in this case you will not need to do so.

Neary Rama 10 October, am. Oscar Paoli 10 October, am. Tim Solway 14 October, pm. Earlier this year I purchased a one bedroom flat. Lots of questions. Your advice would be appreciated. Oscar Paoli 17 October, pm. Ken Cook 22 October, am. Regards Ken Cook. Oscar Paoli 23 October, pm. Hello Ken, As answer to your query you are still non-resident in Spain. If you are resident in Spain you should not be required to pay taxes back in the UK. Oscar Paoli 24 October, am. Anonymous 25 October, am.

Oscar Paoli 25 October, am. Ian Radford 6 November, pm. Oscar Paoli 7 November, am. These calculations will leave us with a final sale figure. Karacsonyi Robert 14 November, pm. Thank you! Oscar Paoli 15 November, pm.

Anne Marie Frisby 17 December, pm. Oscar Paoli 17 December, pm. Carmen 31 December, pm. Oscar Paoli 2 January, pm. Howard 10 January, am. It is our intention to reside there for more than 26 weeks of the year I have 13 properties in the uk all in my sole name that I rent out. If we become resident in Spain what taxes will I pay and how much Thank you H. Oscar Paoli 13 January, pm. Julie Hill 10 January, pm. Michael Coles 10 January, pm. Janice 10 January, pm.

Kirsten Jackson 12 January, pm. Dear Sirs, I would appreciate your advice on the following query. Kind regards,. Andy 24 January, am. Thanks in advance! Oscar Paoli 29 January, pm. Richard Glynn 26 January, pm. Geoff Cherry 31 January, am. Oscar Paoli 4 March, pm. David Patchett 31 January, pm. Have the Spanish government legislated on the Plusvalia tax yet. Oscar Paoli 5 February, pm. Oscar Paoli 10 February, pm. Chris Roberts 11 February, pm. Angela Johnson 18 February, pm.

Oscar Paoli 18 February, pm. Alejandro Moreno 4 March, pm. Hi, I have received a gift from my parents of a property in Spain. Thanks in advance.

580,000
* €/m2
293 m2 | 1 bedrooms | 2 bathrooms | Furnished | Parking place | Swimming-pool | Gardens
If you want to sell your house or flat in Spain there are a few fees you might want to be aware of before you start. Property conveyancing is not. The general rule in Spain is that the real estate agent fee is paid by the seller. The figure use to be 5% of the property value, but only the official Spanish real estate. A property sale in Spain gives rise to tax liability for the vendor. Exactly how much is owed depends on a number of factors: the length of time the property has.

I'm afraid you won't be exempt as this was not your residential home when you sold it. Capital Gains is based on the purchase value plus official costs less the sale prices less costs and you are taxed on the difference. We are selling our main residence in the UK and buying our main residence there for around euros, as we will NOT be resident in Spain when we sell our house, we are moving AFTER it is sold we will not be resident for tax purposes or will we.

Please help. Provided the sale of the property in the UK is done in the year before you come to Spain to live, then you will not be liable for CGT here. So, if you sell in and do not come to Spain as residents until there will be no CGT. However, if you sell in and become residents in Spain in the same year, there will be. What would it be if I were resident and not in anyway exempt from CGT? This is quite a complex case and each case such as this must be studied to see if modifications and builders' receipts are acceptable or not.

If you are a non-resident of Spain then you do not pay capital gain tax here for the sale of a property in the UK. We rented out the house 3 years ago, moved to Spain and are now Spanish tax residents. How much CG tax would Spain want if we sold now? You pay tax on the capital gains made from the difference between the sale price and the purchase price.

This is classed as income that is declared on your annual tax declaration. The percentage depends on your tax declaration and the rest of your income. When calculating cgt on the When calculating cgt on the sale of your property in Tenerife, can you consider the agents purchase and selling fees? Also having replaced all doors and windows, new kitchen, bathroom, and tiles throughout, can you consider these costs when calculating cgt taxes?

The costs for the solicitors, agents' fees etc. You would have to get local advice on other costs and would need official receipts for these too. You can deduct usually for some improvements but not for wear and tear costs.

Hello, Hello, My aunt has a second home in spain and lives there a few months of the year but is a tax payer in the uk where she is a resident. She is selling her spanish property and thought she would pay CGT in the uk on the profit but now isnt sure if its actually due in spain? Any advice? Under the double taxation treaty the tax paid here can be deducted from any liability in the UK. I presume I need a valuation on the date I became resident, rather than basing the gain on the original cost price when I was a UK resident.

The tax is based on the purchase price plus costs then the sale price less costs and you pay tax on the difference. Hi Suzanne. Thanks for your Hi Suzanne. Thanks for your reply. The key part of my query related to the date I became a Spanish Resident. Surely the Spanish gain is solely the element from the value of my property at the point I became a Spanish resident, rather than the original cost where I was a UK resident?

In which case, I would need to get a property valuation at the date I left the UK?? Unfortunately, the capital gains is calculated from the date of purchase of the property to the sale. When you became a resident makes no difference. If a Spanish resident and tax If a Spanish resident and tax resident for more than 3 years and over 65 and you sell your house to return to uk do you have to purchase another property can you just return to uk with the money from your sale.

If you are a tax resident for more than three years and over 65 and you sell your house when you are still a resident then there is no capital gains tax to pay. However, you must still complete the tax declaration for that year as a resident. Hi, I am completing on a Hi, I am completing on a villa in Alicante at the end of June, I am selling my UK house but might not complete untill August, would it be best to wait untill January to become resident in Spain and just be non resident for the rest of this year and just stay for the 90 days to advoid Capital Gains Tax.

Thank you. Hi, We are currently planning Hi, We are currently planning on selling our family home this year in Ireland and moving to Spain. I saw in one of your earlier comments if we move in the same year that we sell our home we are liable for CGT. However in Ireland If you spend days or more in Ireland over a period of two consecutive tax years, you will be regarded as resident for the second tax year which applies to us. Does this supersede Spanish tax law to leave us with no liability as we will not be deemed tax resident?

We are planning on moving in May to enrol our kids in school but if we need to ensure that we are not in the country for more than days than we will have to move in mid July. I appreciate your help on this. Many Thanks. If you sell and move to Spain in the same tax year and are here for days then you have to pay capital gains tax here. It's better to sell in Ireland and not come to Spain until the following year. How much will I have to pay? I have not been a Spanish resident.

I am a resident in Spain for I am a resident in Spain for more than a year, and I am selling a small property Urban Land, no building on it; price is less than 50K Euros that I have had for more than 20 years in my country of birth, outside the EU, i.

Do I have to pay a tax here in Spain? Thanks for your help. If I am resident in Spain and If I am resident in Spain and sell a property back in UK that has no capital gain is there any tax to pay at all? The property has to be declared and if there is no capital gain then there is no tax to pay. I sold my house in the uk I sold my house in the uk before moving to spain intending to become resident but because of not being able to settle only stayed in our spanish villa for less than 6 months at a time over a 2 year period using it as a holiday home.

When returning to the uk residing with my daughter. We have now sold in spain intending to re-invest the proceeds for our main residence in the uk. Are we liable for CGT. Am I right in thinking the way to reduce the CGT would be to return, live in the property one year and then sell it there as first resident. Is that right? For it to be your residential home you would have had to have lived in it for three years prior to the sale.

You would not be residents in Spain as the property is in the UK. I am shocked by this because I have never received any form of notice from the Spanish authorities. I was 67 when I sold the Spanish house and then bought my home in the UK several months later.

Is there not a time limit to claim for CGT claims? Thanks in adavance. As a file has been opened the time line of four years is extended. Any idea how much this will be and when may I be likely to receive it. And if so, who do I pay it to? If not, then there is a fine.

I am resident in spain and I am resident in spain and have a property in the Uk that I bought 25 years ago so the gain on it is huge about k. My principal home is now in spain. This will be the value of purchase plus costs, value of sale less costs and then an allowance for the time if purchased before Then you deduct any tax paid in the UK under the double taxation treaty.

If we move back to the UK, for how long after our return to the UK are sales of UK property affected by spanish capital gains please?

We have lived in Spain for 12 We have lived in Spain for 12 months and now considering selling our UK property which we rent out. We only purchased the property in and not sure if CGT is payable because we have only owned the property since that date.

We are non residents. Our solicitor has chased the tax office but to no avail. Is the tax office in Spain accountable to anyone? Is there a phone number or email address available for non Spanish speakers to raise queries?

Any advice would be gratefully received. It can take a long time for the Tax Office to process this. There is no number for non-Spanish speakers. The telephone number for non-residents in Madrid is 91 but for earlier presentations you will have to go in person to the corresponding office in the capital of the province and arrange an appointment as no information is given by phone.

We already own a small house in Spain which we plan to keep. We now want to buy a 2nd property in Spain. Our aim is to move to spain and use the new property as our primary residence and become residents.

Have I got it right that it would be best for us to wait until before becoming residents in Spain? Thanks for any advice. Who tells us how much capital Who tells us how much capital gains tax we need to pay when we sell our garage space in Spain and how is it collected.

This is a legal requirement when non-residents sell property. To calculate this profit you need firstly to ascertain your original purchase price. We then take your current selling price and deduct from it the costs incurred in the sale legal fees etc , thereby reducing the final sale price.

Now you have your original purchase price and your final sale figure, so we can work out your net profit and calculate your Capital Gains Tax liability. In either case, Form H is submitted to the Tax Office, either claiming the outstanding balance or enclosing payment for the sum owed.

I own a UK property that has doubled in value since I bought it back in The outstanding mortgage is important to know that this is factored in as I have quite a bit left to pay off that will be paid off with the sale albeit that there will still be CGT to pay due to increase. I am currently renting here in Spain and looking to buy a house here. Further to point 2, can I buy here in Spain first and then sell later the UK property and still benefit from this relief?

This is a complex issue. However, you would normally have to be a tax resident for 3 years before any benefits can be obtained. Hi Hi We are saleing our Spainish property that we have own for approximately 1year. As we understand it there will be cgt on any profit at the rate of 19 per cent.

Is the the only only tax payable?. We are in the process of We are in the process of selling our only house which is in the uk. When it sells I plan on taking early retirement and immediately moving to Spain.

I am 51 and my wife is The cgt that seems liable will completely change these plans. Are there no easy solutions? The only way to avoid capital gains tax is to sell the property in one year and not come to Spain until the following year.

Since we purchased, exchange rates plummeted as well as the property market. Would I be liable for any tax? Capital Gains Tax is due on the profit made on all property sales in Spain. This is a legal requirement when Non-Residents sell property. To calculate this profit we need firstly to ascertain your original purchase price. We do this by. I was resident in Spain. I I was resident in Spain.

What is the time scale to reinvest the gain in a new property to avoid CGT? Hi David, The time scale for reinvestment is normally 2 years, this would have been declared in the Tax delcaration where you would have promised the amount to be reinvested.

I have a question regarding Property Capital Gains Tax: Can a Non-Resident profit from a roll-over relief if the sale proceeds are re-invested in another property in another part of Spain? Hello, No, unfortunately this is only for residents in Spain that sell their main property and where they have lived permanently at least 3 years.

At this point I am undecided whether to sell or to rent. I would like to understand the tax position in the event that I decide to sell the property. The total cost of purchase can include transmission tax, lawyer, notary and registration fees. Is this correct? An official licence was obtained for a minor reform and taxes paid. No structural work was conducted in the reform process. I understand that there are no allowances that relate to any of the money spent on the reforms when calculating my CGT obligations.

The reforms included new kitchen and appliances. Are there any other deductions allowable such as community fees, electricity, local council taxes, when calculating CGT? Will there be another tax applied to the sale called Plus Valia and is this a tax that I will pay?

If so how is it calculated? I understand that all selling fees and lawyers fees can be included in the final CGT tax computation. Are there any other taxes and or items that I have omitted? Hello Tim, Will try to answer the best as possible below to your queries: 1. Yes, this is correct. The answer is correct there are no allowance for minor works carried out on the property, had it been an New Building and extension of the property with a new Title Deed then this would have been allowed.

No, unfortunately no. Selling feed such as the estate agents commission can be deducted. We believe you included everything in your list. A few queries from an old sea salt.

Will gladly reimburse if required for your time and expertise! I have been Non-Resident in Spain since mid I return to Spain during my field-breaks. Therefore, I am in the UK for approx days out of days. Separate guest accommodation. Back Printable page View My Favourites.

Expenses when selling a property in Spain When you sell your house you will need to pay tax to the Hacienda or tax office for the profits you will have made on the sale of your house. Foreign residents To qualify and be treated as a Spanish resident requires you to have been living in Spain for 3 or more years and to be able to prove this, by providing the previous 3 years tax returns, an escritura in your name that is more than 3 years old or a certificate from your local town hall to say that you have been registered as living there for more than 3 years.

Foreign residents who are aged 65 and over If you are selling your primary residence you are not liable to pay capital gains tax. Please select one of the following options Log in to My Favourites. Create new My Favourites account. My Favourites log in Email:. Log in. Fact that would save big money to both parts. If the charges and encumbrances are inscribed in the Land Registry , as is the case of a mortgages in Spain, the cancelation of this charge will make necessary the signing of a cancellation deed before a notary, the Stamp duty, and the cost of the Land Registry.

These are guidelines for the cancellation of the most likely charge found when selling a property in Spain, which is a mortgage. In the case of different burdens like embargos and resolutory conditions , the cancellation process may vary.

At the moment of signing the mortgage deeds was agreed the cancellation fee. This is a big cost selling a property in Spain.

Once the mortgage capital and the cancellation fee is paid, is necessary to obtain from the bank a mortgage cancellation certificate , in order to proceed to the cancellation of the charge in the Land Registry. The Bank of Spain says that the certificate must be free of cost. However, be carefull, the bank is looking forward giving you a "goodbye kiss". To cancel a previous charge, inscribed in the Land Registry, for selling a property in Spain, is necessary the signing of a cancellation deed before a notary.

For that purpose it is necessary to present the certificate given by the mortgage bank declaring that the debt is zero. With the new mortgage regulation in Spain, cancelling a mortgage is exempt from payment the Stampt duty , however still is necessary filling the tax zero tax. This works in such way in the case of the mortgage, if the burden is of a different nature probably it is still obliged by the stamp duty.

Probably the buyer will need a mortgage to buy the property in Spain, what will imply that his bank requires all paperwork made by someone they trust. Therefore, the cost of the Administrative manager company is imposed by the buyer's bank, even if you are capable to do the paperwork by yourself. Administrative manager will take all the necessary steps to cancel the prior mortgage in the Land Registry. The manager fee is not regulated and may vary from company to company.

According to the particular circumstances of each purchase, could be generated another costs selling the property. The general rule in Spain is that the real estate agent fee is paid by the seller. Selling our property in Spain, always is advisable negotiate the fees with the agent, trying to obtain the best service and visibility for the money paid. The complexity of the process selling a property in Spain make necessary to hire a lawyer specialized and experienced in property in Spain.

841,000
* €/m2
259 m2 | 9 bedrooms | 7 bathrooms | Furnished | Parking place | Swimming-pool | Gardens
These usually range from 4% to 7% of the sale price, plus VAT at the current rate of 21%. The estate agent's commission is paid when the deed is signed, once the​. If you want to sell your house or flat in Spain there are a few fees you might want to be aware of before you start. Property conveyancing is not. Lawyer fee. The standard fee that most lawyers charge for advising clients during the entire process of selling a properly in Spain is 1% + IVA on.

The amount you pay and how you pay them will depend on which of the following categories you fall into. This amount will be deducted from the final money you will receive when you visit the Notary to complete on the sale of the property. He has one month after completion to make this application. To qualify and be treated as a Spanish resident requires you to have been living in Spain for 3 or more years and to be able to prove this, by providing the previous 3 years tax returns, an escritura in your name that is more than 3 years old or a certificate from your local town hall to say that you have been registered as living there for more than 3 years.

You will also need to prove that you intend to continue to live in Spain by providing a contract to purchase a new home or a rental contract for at least 6 months.

If within 2 years of the sale you invest all of the proceeds from the sale into another primary home you will not have to pay this tax. Rollover credit is not available for any other house than your primary residence. If you are selling your primary residence you are not liable to pay capital gains tax. Again you will need to prove that you have lived in Spain for 3 years or more and intend to continue living here. If you don't decalre your taxes here, but can prove that you earn less than 11, euros per year, then you are exempt from paying Capital gains tax.

They will be able to tell you the tax accrued if the property was to be sold on that date. More search options. Reset search. Sea views. My wife and I have been tax My wife and I have been tax resident in Spain for over three years and have sold our UK property in We are both over 65 years of age. Are we exempt capital gains tax on the sale of our UK property that was our main home for 22 years before moving to Spain?

I'm afraid you won't be exempt as this was not your residential home when you sold it. Capital Gains is based on the purchase value plus official costs less the sale prices less costs and you are taxed on the difference. We are selling our main residence in the UK and buying our main residence there for around euros, as we will NOT be resident in Spain when we sell our house, we are moving AFTER it is sold we will not be resident for tax purposes or will we. Please help. Provided the sale of the property in the UK is done in the year before you come to Spain to live, then you will not be liable for CGT here.

So, if you sell in and do not come to Spain as residents until there will be no CGT. However, if you sell in and become residents in Spain in the same year, there will be. What would it be if I were resident and not in anyway exempt from CGT?

This is quite a complex case and each case such as this must be studied to see if modifications and builders' receipts are acceptable or not. If you are a non-resident of Spain then you do not pay capital gain tax here for the sale of a property in the UK.

We rented out the house 3 years ago, moved to Spain and are now Spanish tax residents. How much CG tax would Spain want if we sold now? You pay tax on the capital gains made from the difference between the sale price and the purchase price. This is classed as income that is declared on your annual tax declaration. The percentage depends on your tax declaration and the rest of your income.

When calculating cgt on the When calculating cgt on the sale of your property in Tenerife, can you consider the agents purchase and selling fees? Also having replaced all doors and windows, new kitchen, bathroom, and tiles throughout, can you consider these costs when calculating cgt taxes? The costs for the solicitors, agents' fees etc. You would have to get local advice on other costs and would need official receipts for these too.

You can deduct usually for some improvements but not for wear and tear costs. Hello, Hello, My aunt has a second home in spain and lives there a few months of the year but is a tax payer in the uk where she is a resident. She is selling her spanish property and thought she would pay CGT in the uk on the profit but now isnt sure if its actually due in spain? Any advice?

Under the double taxation treaty the tax paid here can be deducted from any liability in the UK. I presume I need a valuation on the date I became resident, rather than basing the gain on the original cost price when I was a UK resident. The tax is based on the purchase price plus costs then the sale price less costs and you pay tax on the difference. Hi Suzanne. Thanks for your Hi Suzanne.

Thanks for your reply. The key part of my query related to the date I became a Spanish Resident. Surely the Spanish gain is solely the element from the value of my property at the point I became a Spanish resident, rather than the original cost where I was a UK resident?

In which case, I would need to get a property valuation at the date I left the UK?? Unfortunately, the capital gains is calculated from the date of purchase of the property to the sale.

When you became a resident makes no difference. If a Spanish resident and tax If a Spanish resident and tax resident for more than 3 years and over 65 and you sell your house to return to uk do you have to purchase another property can you just return to uk with the money from your sale. If you are a tax resident for more than three years and over 65 and you sell your house when you are still a resident then there is no capital gains tax to pay.

However, you must still complete the tax declaration for that year as a resident. Hi, I am completing on a Hi, I am completing on a villa in Alicante at the end of June, I am selling my UK house but might not complete untill August, would it be best to wait untill January to become resident in Spain and just be non resident for the rest of this year and just stay for the 90 days to advoid Capital Gains Tax.

Thank you. Hi, We are currently planning Hi, We are currently planning on selling our family home this year in Ireland and moving to Spain. I saw in one of your earlier comments if we move in the same year that we sell our home we are liable for CGT.

However in Ireland If you spend days or more in Ireland over a period of two consecutive tax years, you will be regarded as resident for the second tax year which applies to us. Does this supersede Spanish tax law to leave us with no liability as we will not be deemed tax resident?

We are planning on moving in May to enrol our kids in school but if we need to ensure that we are not in the country for more than days than we will have to move in mid July. I appreciate your help on this. Many Thanks. If you sell and move to Spain in the same tax year and are here for days then you have to pay capital gains tax here.

It's better to sell in Ireland and not come to Spain until the following year. How much will I have to pay? I have not been a Spanish resident. I am a resident in Spain for I am a resident in Spain for more than a year, and I am selling a small property Urban Land, no building on it; price is less than 50K Euros that I have had for more than 20 years in my country of birth, outside the EU, i. Do I have to pay a tax here in Spain?

Thanks for your help. If I am resident in Spain and If I am resident in Spain and sell a property back in UK that has no capital gain is there any tax to pay at all? The property has to be declared and if there is no capital gain then there is no tax to pay. I sold my house in the uk I sold my house in the uk before moving to spain intending to become resident but because of not being able to settle only stayed in our spanish villa for less than 6 months at a time over a 2 year period using it as a holiday home.

When returning to the uk residing with my daughter. We have now sold in spain intending to re-invest the proceeds for our main residence in the uk. Are we liable for CGT. Am I right in thinking the way to reduce the CGT would be to return, live in the property one year and then sell it there as first resident. Is that right?

For it to be your residential home you would have had to have lived in it for three years prior to the sale. You would not be residents in Spain as the property is in the UK.

I am shocked by this because I have never received any form of notice from the Spanish authorities. I was 67 when I sold the Spanish house and then bought my home in the UK several months later. Is there not a time limit to claim for CGT claims?

Thanks in adavance. As a file has been opened the time line of four years is extended. Any idea how much this will be and when may I be likely to receive it. And if so, who do I pay it to?

If not, then there is a fine. I am resident in spain and I am resident in spain and have a property in the Uk that I bought 25 years ago so the gain on it is huge about k.

My principal home is now in spain. This will be the value of purchase plus costs, value of sale less costs and then an allowance for the time if purchased before Then you deduct any tax paid in the UK under the double taxation treaty. If we move back to the UK, for how long after our return to the UK are sales of UK property affected by spanish capital gains please? We have lived in Spain for 12 We have lived in Spain for 12 months and now considering selling our UK property which we rent out.

We only purchased the property in and not sure if CGT is payable because we have only owned the property since that date.

We are non residents. Our solicitor has chased the tax office but to no avail. Is the tax office in Spain accountable to anyone? Is there a phone number or email address available for non Spanish speakers to raise queries?

Any advice would be gratefully received. It can take a long time for the Tax Office to process this. There is no number for non-Spanish speakers.

The telephone number for non-residents in Madrid is 91 but for earlier presentations you will have to go in person to the corresponding office in the capital of the province and arrange an appointment as no information is given by phone.

We already own a small house in Spain which we plan to keep. We now want to buy a 2nd property in Spain. Our aim is to move to spain and use the new property as our primary residence and become residents. Have I got it right that it would be best for us to wait until before becoming residents in Spain? Thanks for any advice. Who tells us how much capital Who tells us how much capital gains tax we need to pay when we sell our garage space in Spain and how is it collected.

This is a legal requirement when non-residents sell property. To calculate this profit you need firstly to ascertain your original purchase price. We then take your current selling price and deduct from it the costs incurred in the sale legal fees etc , thereby reducing the final sale price.

Now you have your original purchase price and your final sale figure, so we can work out your net profit and calculate your Capital Gains Tax liability. In either case, Form H is submitted to the Tax Office, either claiming the outstanding balance or enclosing payment for the sum owed.

I own a UK property that has doubled in value since I bought it back in The outstanding mortgage is important to know that this is factored in as I have quite a bit left to pay off that will be paid off with the sale albeit that there will still be CGT to pay due to increase. I am currently renting here in Spain and looking to buy a house here.

Further to point 2, can I buy here in Spain first and then sell later the UK property and still benefit from this relief? This is a complex issue. However, you would normally have to be a tax resident for 3 years before any benefits can be obtained. Hi Hi We are saleing our Spainish property that we have own for approximately 1year. As we understand it there will be cgt on any profit at the rate of 19 per cent.

Is the the only only tax payable?. We are in the process of We are in the process of selling our only house which is in the uk. When it sells I plan on taking early retirement and immediately moving to Spain. I am 51 and my wife is The cgt that seems liable will completely change these plans. Are there no easy solutions?

The only way to avoid capital gains tax is to sell the property in one year and not come to Spain until the following year. Since we purchased, exchange rates plummeted as well as the property market. Would I be liable for any tax? Capital Gains Tax is due on the profit made on all property sales in Spain.

This is a legal requirement when Non-Residents sell property. To calculate this profit we need firstly to ascertain your original purchase price. We do this by. I was resident in Spain. I I was resident in Spain. What is the time scale to reinvest the gain in a new property to avoid CGT? Hi David, The time scale for reinvestment is normally 2 years, this would have been declared in the Tax delcaration where you would have promised the amount to be reinvested.

I have a question regarding Property Capital Gains Tax: Can a Non-Resident profit from a roll-over relief if the sale proceeds are re-invested in another property in another part of Spain?

Hello, No, unfortunately this is only for residents in Spain that sell their main property and where they have lived permanently at least 3 years. At this point I am undecided whether to sell or to rent. I would like to understand the tax position in the event that I decide to sell the property.

The total cost of purchase can include transmission tax, lawyer, notary and registration fees. Is this correct? An official licence was obtained for a minor reform and taxes paid.

No structural work was conducted in the reform process. I understand that there are no allowances that relate to any of the money spent on the reforms when calculating my CGT obligations. The reforms included new kitchen and appliances. Are there any other deductions allowable such as community fees, electricity, local council taxes, when calculating CGT? Will there be another tax applied to the sale called Plus Valia and is this a tax that I will pay?

If so how is it calculated? I understand that all selling fees and lawyers fees can be included in the final CGT tax computation. Are there any other taxes and or items that I have omitted? Hello Tim, Will try to answer the best as possible below to your queries: 1.

Yes, this is correct. The answer is correct there are no allowance for minor works carried out on the property, had it been an New Building and extension of the property with a new Title Deed then this would have been allowed. No, unfortunately no. Selling feed such as the estate agents commission can be deducted. We believe you included everything in your list. A few queries from an old sea salt.

Will gladly reimburse if required for your time and expertise! I have been Non-Resident in Spain since mid I return to Spain during my field-breaks. Therefore, I am in the UK for approx days out of days. Am I still legally a Non-Resident with around days per year living in Spain? Since August , I have lived in Granada and intend to retire there in when I reach 66 years. When I retire, I believe it will be mandatory to take full residency as my presence in Spain will become permanent.

Please can you confirm? My property in Granada was purchased for circa , There is no outstanding mortgage Should I sell my house after 4 to 6 years after retiring and have taken full residency status, I believe I might be exempt from Capital Gains. Please can you clarify if my reasoning is correct or otherwise? If any profit from the sale of the Granada property was transferred back to the UK, would I be subject to any UK foreign earnings taxes the money would probably be invested into a retirement apartment?

We do not know if there will be change of laws when you intend to retire in , but according to todays situation you will have to become resident in Spain if you intend to live permanently in Spain. According to todays tax situation if you are over the age of 65 years old, you are pensioner, have been resident in Spain for over three years and the property you are selling has been your main residence you willl be exempt of Capital Gains Tax.

Dear Sirs As non residents we built a house in spain on ground we already owned. Property sold end for ,Euros. All paperwork of no value to the purchaser, destroyed in Jan Our Gestoria argued that the property was sold with a house, and despite us no longer having the builders receipts the value of the build was approx E plus costs. Agencia Tributaria has reassessed the CGT now due at about 41,euros and we are in the process of appealing. We have had to pay 5,thousand euros in April in order to defer payment and appeal and further payments of some 2,thousand euros per month for the next 12 months.

The Agencia has made no ruling as yet, I gather it has 6mths to respond. This means shortly if we receive no ruling, we will have to appeal to a Tribunal to overrule the Agencia and have our payments returned.

I am very unwilling to continue to make payments as the amount demanded is patently incorrect. If the Tribunal does not overrule the Agencia, we will not receive any repayments either. Please can you advise if this is legal that the agencia can invent this CGT due when we provided all the paperwork to the Notary at the time of registration of the property. This seems to be a false calculation we are being asked to pay.. Dear Jennifer, It is complicated to give you detailed information without seeing the documentation of the property.

In these cases it is vital that you have all documentation and paperwork in place and in order, without it is very difficult to claim anything at all from the Agencia Tributaria. Also the registration of the building should have been done before to avoid any possible issues. We assume you legal team is doing all that is possible with the tools and paperwork they have on the property. Sorry we can not really be of any further assistance.

But this was all taken care of when property was sold, what she do? Hello, Thanks for your message. We would need to see all paperwork, taxes paid, and letter of the Tax Authority to be able to asses in this matter. If you wish to send us all documentation on your case you can do so by emailing us at info abacoadvisers.

Dear Miriam. No one seems to be able to confirm. Is the gain on the , euros or euros? Many thanks in advance IAN. We then take your current selling price and deduct from it the costs incurred in the sale legal fees etc. We can not do this if you paid by cash and have no VAT receipt. Hi, Our recommendation is to have your solicitor claim the to the buyer and their representative. Hi Anne, Yes unfortunately yes, you will have to pay property tax.

Should you need assistance please contact our colleague Jessica at the following email jsp abacoadvisers. My husband and I bought an apartment in Spain in for , euros. We want to sell it but it but we will sell it at lost. According to the market value it is worth , euros.

We are non-residents. We have finished paying for the mortgage. We are over 65 years old. How much? Do we have to pay Income tax in the UK? Even though we will not make any profits. Should you need any help in the process please contact us at info abacoadvisers.

If you are residents you would pay Tax on your world wide income including the proeprties, there could also be Wealth Tax on top of income Tax. The rent for the properties has to be declared in the UK as well as in Spain, Tax paid on the rental income is deducted from the Tax to pay here under the double Taxation treaty.

Should you have any further queries please do not hesitate to contact us at info abacoadvisers. I am a non resident but have owned a small town house in a village since Would i have to pay any tax as it will be sold for a loss? We currently have an offer on our home in Spain. I am 69 years old and my wife is We have been residents in Spain for the past 8 years and permanent residents for the past 1 year. Will my wife be liable for CGT on her half of any profit made?

This is our only residence, we do not own any other property. Thank you so much. Hi, if we sell our spanish home privately without an estate agent, who pays the solicitors fees, the seller or the buyer. Hi Janice, The buyer will pay for his solicitor and the seller for his own solicitor, if you have the same solicitor in the process if depends on the agreement you reach. If you have any authority for your answer, that would be greatly appreciated.

Hi Kirsten, Thank you for contactin us. For example, is you sell a property for Hi, I have Spanish recidencia and have had for 15 years, but am British. Am I correct that if you sell your property in Spain but then fully reinvest any profit in further more properties in Spain you do not pay the capital gains tax, because you will be paying the tax on the new property or properties?

Because I am paying the tax on 2 new property purchases, would I still have to pay the Capital gains on the profit from the original sale?

I was told if profit is reinvested in to the Spanish property market within a 2 year period you do not pay the tax on profit? Hi Andy, It is correct that if you sell and reinvest any profit you will avoid the capital gains tax, but if you buy two properties you will have to pay capital gains tax as you can not have two different main residences.

756,000
* €/m2
147 m2 | 4 bedrooms | 7 bathrooms | Furnished | Parking place | Swimming-pool | Gardens
If you want to sell your house or flat in Spain there are a few fees you might want to be aware of before you start. Property conveyancing is not. There is no fixed. Advice and information on the costs when you sell your Spanish property. Capital gains taxes, plusvalia taxes, who pays what and how to claim a refund.

Our aim is to move to spain and use the new property as our primary residence and become residents. Have I got it right that it would be best for us to wait until before becoming residents in Spain? Thanks for any advice. Who tells us how much capital Who tells us how much capital gains tax we need to pay when we sell our garage space in Spain and how is it collected. This is a legal requirement when non-residents sell property. To calculate this profit you need firstly to ascertain your original purchase price.

We then take your current selling price and deduct from it the costs incurred in the sale legal fees etc , thereby reducing the final sale price. Now you have your original purchase price and your final sale figure, so we can work out your net profit and calculate your Capital Gains Tax liability.

In either case, Form H is submitted to the Tax Office, either claiming the outstanding balance or enclosing payment for the sum owed. I own a UK property that has doubled in value since I bought it back in The outstanding mortgage is important to know that this is factored in as I have quite a bit left to pay off that will be paid off with the sale albeit that there will still be CGT to pay due to increase.

I am currently renting here in Spain and looking to buy a house here. Further to point 2, can I buy here in Spain first and then sell later the UK property and still benefit from this relief?

This is a complex issue. However, you would normally have to be a tax resident for 3 years before any benefits can be obtained. Hi Hi We are saleing our Spainish property that we have own for approximately 1year.

As we understand it there will be cgt on any profit at the rate of 19 per cent. Is the the only only tax payable?. We are in the process of We are in the process of selling our only house which is in the uk. When it sells I plan on taking early retirement and immediately moving to Spain. I am 51 and my wife is The cgt that seems liable will completely change these plans. Are there no easy solutions? The only way to avoid capital gains tax is to sell the property in one year and not come to Spain until the following year.

Since we purchased, exchange rates plummeted as well as the property market. Would I be liable for any tax? Capital Gains Tax is due on the profit made on all property sales in Spain. This is a legal requirement when Non-Residents sell property. To calculate this profit we need firstly to ascertain your original purchase price.

We do this by. I was resident in Spain. I I was resident in Spain. What is the time scale to reinvest the gain in a new property to avoid CGT?

Hi David, The time scale for reinvestment is normally 2 years, this would have been declared in the Tax delcaration where you would have promised the amount to be reinvested.

I have a question regarding Property Capital Gains Tax: Can a Non-Resident profit from a roll-over relief if the sale proceeds are re-invested in another property in another part of Spain? Hello, No, unfortunately this is only for residents in Spain that sell their main property and where they have lived permanently at least 3 years. At this point I am undecided whether to sell or to rent. I would like to understand the tax position in the event that I decide to sell the property.

The total cost of purchase can include transmission tax, lawyer, notary and registration fees. Is this correct? An official licence was obtained for a minor reform and taxes paid. No structural work was conducted in the reform process. I understand that there are no allowances that relate to any of the money spent on the reforms when calculating my CGT obligations.

The reforms included new kitchen and appliances. Are there any other deductions allowable such as community fees, electricity, local council taxes, when calculating CGT? Will there be another tax applied to the sale called Plus Valia and is this a tax that I will pay?

If so how is it calculated? I understand that all selling fees and lawyers fees can be included in the final CGT tax computation. Are there any other taxes and or items that I have omitted? Hello Tim, Will try to answer the best as possible below to your queries: 1.

Yes, this is correct. The answer is correct there are no allowance for minor works carried out on the property, had it been an New Building and extension of the property with a new Title Deed then this would have been allowed. No, unfortunately no.

Selling feed such as the estate agents commission can be deducted. We believe you included everything in your list. A few queries from an old sea salt. Will gladly reimburse if required for your time and expertise! I have been Non-Resident in Spain since mid I return to Spain during my field-breaks. Therefore, I am in the UK for approx days out of days. Am I still legally a Non-Resident with around days per year living in Spain?

Since August , I have lived in Granada and intend to retire there in when I reach 66 years. When I retire, I believe it will be mandatory to take full residency as my presence in Spain will become permanent. Please can you confirm? My property in Granada was purchased for circa , There is no outstanding mortgage Should I sell my house after 4 to 6 years after retiring and have taken full residency status, I believe I might be exempt from Capital Gains.

Please can you clarify if my reasoning is correct or otherwise? If any profit from the sale of the Granada property was transferred back to the UK, would I be subject to any UK foreign earnings taxes the money would probably be invested into a retirement apartment? We do not know if there will be change of laws when you intend to retire in , but according to todays situation you will have to become resident in Spain if you intend to live permanently in Spain.

According to todays tax situation if you are over the age of 65 years old, you are pensioner, have been resident in Spain for over three years and the property you are selling has been your main residence you willl be exempt of Capital Gains Tax. Dear Sirs As non residents we built a house in spain on ground we already owned.

Property sold end for ,Euros. All paperwork of no value to the purchaser, destroyed in Jan Our Gestoria argued that the property was sold with a house, and despite us no longer having the builders receipts the value of the build was approx E plus costs.

Agencia Tributaria has reassessed the CGT now due at about 41,euros and we are in the process of appealing. We have had to pay 5,thousand euros in April in order to defer payment and appeal and further payments of some 2,thousand euros per month for the next 12 months. The Agencia has made no ruling as yet, I gather it has 6mths to respond.

This means shortly if we receive no ruling, we will have to appeal to a Tribunal to overrule the Agencia and have our payments returned.

I am very unwilling to continue to make payments as the amount demanded is patently incorrect. If the Tribunal does not overrule the Agencia, we will not receive any repayments either.

Please can you advise if this is legal that the agencia can invent this CGT due when we provided all the paperwork to the Notary at the time of registration of the property. This seems to be a false calculation we are being asked to pay..

Dear Jennifer, It is complicated to give you detailed information without seeing the documentation of the property. In these cases it is vital that you have all documentation and paperwork in place and in order, without it is very difficult to claim anything at all from the Agencia Tributaria.

Also the registration of the building should have been done before to avoid any possible issues. We assume you legal team is doing all that is possible with the tools and paperwork they have on the property. Sorry we can not really be of any further assistance.

But this was all taken care of when property was sold, what she do? Hello, Thanks for your message. We would need to see all paperwork, taxes paid, and letter of the Tax Authority to be able to asses in this matter. If you wish to send us all documentation on your case you can do so by emailing us at info abacoadvisers. Dear Miriam. No one seems to be able to confirm.

Is the gain on the , euros or euros? Many thanks in advance IAN. We then take your current selling price and deduct from it the costs incurred in the sale legal fees etc.

We can not do this if you paid by cash and have no VAT receipt. Hi, Our recommendation is to have your solicitor claim the to the buyer and their representative. Hi Anne, Yes unfortunately yes, you will have to pay property tax.

Should you need assistance please contact our colleague Jessica at the following email jsp abacoadvisers. My husband and I bought an apartment in Spain in for , euros. We want to sell it but it but we will sell it at lost. According to the market value it is worth , euros.

We are non-residents. We have finished paying for the mortgage. We are over 65 years old. How much? Do we have to pay Income tax in the UK? Even though we will not make any profits. Should you need any help in the process please contact us at info abacoadvisers. If you are residents you would pay Tax on your world wide income including the proeprties, there could also be Wealth Tax on top of income Tax.

The rent for the properties has to be declared in the UK as well as in Spain, Tax paid on the rental income is deducted from the Tax to pay here under the double Taxation treaty. Should you have any further queries please do not hesitate to contact us at info abacoadvisers. I am a non resident but have owned a small town house in a village since Would i have to pay any tax as it will be sold for a loss?

We currently have an offer on our home in Spain. I am 69 years old and my wife is We have been residents in Spain for the past 8 years and permanent residents for the past 1 year.

Will my wife be liable for CGT on her half of any profit made? This is our only residence, we do not own any other property. Thank you so much.

Hi, if we sell our spanish home privately without an estate agent, who pays the solicitors fees, the seller or the buyer. Hi Janice, The buyer will pay for his solicitor and the seller for his own solicitor, if you have the same solicitor in the process if depends on the agreement you reach.

If you have any authority for your answer, that would be greatly appreciated. Hi Kirsten, Thank you for contactin us. For example, is you sell a property for Hi, I have Spanish recidencia and have had for 15 years, but am British.

Am I correct that if you sell your property in Spain but then fully reinvest any profit in further more properties in Spain you do not pay the capital gains tax, because you will be paying the tax on the new property or properties?

Because I am paying the tax on 2 new property purchases, would I still have to pay the Capital gains on the profit from the original sale? I was told if profit is reinvested in to the Spanish property market within a 2 year period you do not pay the tax on profit? Hi Andy, It is correct that if you sell and reinvest any profit you will avoid the capital gains tax, but if you buy two properties you will have to pay capital gains tax as you can not have two different main residences.

Hi, we have been living in France for fifteen years, and the plan is to sell our home and enable early retirement by living in rented accomodation in Spain. Trouble is, we have heard that we may be subject to capital gains tax by the Spanish authorities, even though it is our principle home? Hi Richard, Yes this would be the case, it is always advisable to sell the the year prior to coming to Spain to be a Resident.

Will my wife and her brother be liable for any Taxes or Capital Gains Tax on the property before they become the legal owners of it? If so what amounts are they When they become the legal owners of it , they both aim to sell it asap and she and I will return to the UK, what tax liabilities will there be when the Villa is sold Thank your help Geoff Cherry.

Hi, First they will inherit, they will become owners and will pay Inheritance Tax. The reduction in the Valencia Region is Please do not hesitate to contact us should you have any further queries. I bought land in Spain in with my Husband who died 6 years ago. We were both OAP s when we moved here and my husband was disabled.. We were both Spanish residents but have not paid tax or been asked to do as we only had some money from our British sale.

We have always paid British Tax. Cash price for the land was 40, euros. As I am now disabled and not able to keep the property would like to return to Britain before Britain is totally out of the EU. We built up a small casita, pool and a summer house and kept bills to prove this. As I am 80 years old this year. Thank you for your help. If you are selling your primary residence you are not liable to pay capital gains tax. Again you will need to prove that you have lived in Spain for 3 years or more and intend to continue living here.

If you don't decalre your taxes here, but can prove that you earn less than 11, euros per year, then you are exempt from paying Capital gains tax. They will be able to tell you the tax accrued if the property was to be sold on that date. More search options. Reset search. Sea views. Air conditioning. Central heating. This value is given to each property in Spain by the tax authorities, and is divided in Land value and Construction value. Well, we only take into account the given Land value to calculate this tax.

The second factor that determines this tax is the period of time that the property has been owned by the seller. Based on these two factors, the municipality applies the tax rates , which are the same all over Spain when selling a property. What makes different the tax paid depending the place, is that each city hall has the possibility to apply more or less bonifications. Normally, the higher cost selling property in Spain is this tax. It is subject to taxation obtaining a capital gain resulting from the sale of a property.

Since the beginning of , there has been a reform in this tax in Spain changing the taxation of the property yields.

In general, the gain is determined by the difference between the values of transmission and acquisition. The acquisition value is determined by the actual price of the property involved, plus all costs and taxes paid when bought, excluding interest.

Depending on the year of property acquisition, this value is corrected by the application of an updating coefficient, which is established annually, in accordance with the Spanish General State Budget Act.

Well, the difference between the transfer value and the acquisition value, calculated in accordance with the above, will be the gain subject to tax. Since January 1, , selling property in Spain, the exemption for reinvestment in the principal residence applies to the taxpayers from the EU, Iceland and Norway.

These are general lines. It is advisable to study the case as there are several peculiarities in the law. In the case of existing charges or debts on the property , obviously they must be paid before the purchase, unless otherwise agreed with the buyer. This is a huge cost selling a property in Spain. Fact that would save big money to both parts. If the charges and encumbrances are inscribed in the Land Registry , as is the case of a mortgages in Spain, the cancelation of this charge will make necessary the signing of a cancellation deed before a notary, the Stamp duty, and the cost of the Land Registry.

These are guidelines for the cancellation of the most likely charge found when selling a property in Spain, which is a mortgage. In the case of different burdens like embargos and resolutory conditions , the cancellation process may vary.

392,000
* €/m2
190 m2 | 4 bedrooms | 8 bathrooms | Furnished | Parking place | Swimming-pool | Gardens
Selling the property yourself will save you money on the hefty commission fees if you've got the time and patience to show people round the. Notary fees; Transmission tax and legal fees. This is then deducted from the final sale figure less costs incurred during the sale, including. There is no fixed.

It is advisable to contact a lawyer at the early stages of a sale. They will confirm their fees and will also inform you about taxes, etc. Certificate of Energy Performance. You can be fined for advertising your property for sale or long term rent without this Certificate. You can ask your property agent to organise this for you.

Mortgage cancellation costs. If there is a mortgage charge on the property that you want to sell, even it you paid it off years ago, you need to make sure that the charge has been lifted from the Property Registry.

This involves Notary and Land Registry fees, and you should allocate approximately ,00 Euros for this. Remember: even if you have paid the mortgage totally, you still need to remove the charge from the property in the Land Registry , and unless you instruct the bank to do it, that will not be done.

Please enable JavaScript in your browser to complete this form. Hello, its a very useful account of essential information , it seems, but for non residents in Spain. I am a UK expat who is resident, with the legal certificate, so how would I find out which bits apply to me, when I sell my apartment here in Spain?

Dear Teresa Thank you very much for your comment. Most of this post is applicable to residents. Also, residents over 65 years are exempt of capital gains tax when selling their main residence. Please note that in order to prove your residency status, for this purpose you will need a Residency certificate issued by the Tax Office Agencia Tributaria , not by the police, in the same year of the sale of your property.

I hope this helps. Save my name, email, and website in this browser for the next time I comment. Selling your property in Spain? The time to prepare all this is when you put your property on the market.

In order to collect any refund, you need to complete the form H. You should submit this form within three months of the sale, along with the last four years of non-resident income tax returns. From the date that you present the documents, you should allow around a year to receive the refund. If you are a resident you must declare CGT on your annual tax declaration. The Spanish Tax Authority will charge capital gains tax according to your overall annual income.

There are possible exemptions from capital gains tax if you are a resident. These include:. Furthermore, if you are selling a property in another country within the EU and you are a resident in Spain, you must declare the CGT when you make your resident tax declaration in June.

This declaration covers your income from the previous year. Capital gains tax is calculated with the purchase price as written on the Title Deed with some extra costs including:. This is then deducted from the final sale figure less costs incurred during the sale, including legal fees:. Although you can deduct purchasing and selling expenses, you should note that this does not apply to any other debts or mortgages that you have. Furthermore, until January , the Spanish Tax Authority took inflation into account when calculating capital gains tax.

However, this is no longer the case. This means that some people are paying significantly more CGT. Firstly, it is important to ensure that you have the correct building licences for any changes that you have made. These will also need to have been recorded at the Land Registry. When you register the changes there will be a revaluation of how much the property is worth that should bring it more in line with your selling price.

As with most taxes, being aware of what to expect helps you plan accordingly. Furthermore, as many people who live in Spain know, Spanish bureaucracy can be particularly challenging. We can give you the advice you need in the language of your choice. Miriam Amat. My wife and I have been tax My wife and I have been tax resident in Spain for over three years and have sold our UK property in We are both over 65 years of age.

Are we exempt capital gains tax on the sale of our UK property that was our main home for 22 years before moving to Spain? I'm afraid you won't be exempt as this was not your residential home when you sold it. Capital Gains is based on the purchase value plus official costs less the sale prices less costs and you are taxed on the difference. We are selling our main residence in the UK and buying our main residence there for around euros, as we will NOT be resident in Spain when we sell our house, we are moving AFTER it is sold we will not be resident for tax purposes or will we.

Please help. Provided the sale of the property in the UK is done in the year before you come to Spain to live, then you will not be liable for CGT here. So, if you sell in and do not come to Spain as residents until there will be no CGT.

However, if you sell in and become residents in Spain in the same year, there will be. What would it be if I were resident and not in anyway exempt from CGT? This is quite a complex case and each case such as this must be studied to see if modifications and builders' receipts are acceptable or not. If you are a non-resident of Spain then you do not pay capital gain tax here for the sale of a property in the UK.

We rented out the house 3 years ago, moved to Spain and are now Spanish tax residents. How much CG tax would Spain want if we sold now? You pay tax on the capital gains made from the difference between the sale price and the purchase price. This is classed as income that is declared on your annual tax declaration.

The percentage depends on your tax declaration and the rest of your income. When calculating cgt on the When calculating cgt on the sale of your property in Tenerife, can you consider the agents purchase and selling fees?

Also having replaced all doors and windows, new kitchen, bathroom, and tiles throughout, can you consider these costs when calculating cgt taxes? The costs for the solicitors, agents' fees etc. You would have to get local advice on other costs and would need official receipts for these too. You can deduct usually for some improvements but not for wear and tear costs.

Hello, Hello, My aunt has a second home in spain and lives there a few months of the year but is a tax payer in the uk where she is a resident. She is selling her spanish property and thought she would pay CGT in the uk on the profit but now isnt sure if its actually due in spain?

Any advice? Under the double taxation treaty the tax paid here can be deducted from any liability in the UK. I presume I need a valuation on the date I became resident, rather than basing the gain on the original cost price when I was a UK resident.

The tax is based on the purchase price plus costs then the sale price less costs and you pay tax on the difference. Hi Suzanne. Thanks for your Hi Suzanne.

Thanks for your reply. The key part of my query related to the date I became a Spanish Resident. Surely the Spanish gain is solely the element from the value of my property at the point I became a Spanish resident, rather than the original cost where I was a UK resident? In which case, I would need to get a property valuation at the date I left the UK??

Unfortunately, the capital gains is calculated from the date of purchase of the property to the sale.

When you became a resident makes no difference. If a Spanish resident and tax If a Spanish resident and tax resident for more than 3 years and over 65 and you sell your house to return to uk do you have to purchase another property can you just return to uk with the money from your sale.

If you are a tax resident for more than three years and over 65 and you sell your house when you are still a resident then there is no capital gains tax to pay. However, you must still complete the tax declaration for that year as a resident. Hi, I am completing on a Hi, I am completing on a villa in Alicante at the end of June, I am selling my UK house but might not complete untill August, would it be best to wait untill January to become resident in Spain and just be non resident for the rest of this year and just stay for the 90 days to advoid Capital Gains Tax.

Thank you. Hi, We are currently planning Hi, We are currently planning on selling our family home this year in Ireland and moving to Spain. I saw in one of your earlier comments if we move in the same year that we sell our home we are liable for CGT. However in Ireland If you spend days or more in Ireland over a period of two consecutive tax years, you will be regarded as resident for the second tax year which applies to us.

Does this supersede Spanish tax law to leave us with no liability as we will not be deemed tax resident? We are planning on moving in May to enrol our kids in school but if we need to ensure that we are not in the country for more than days than we will have to move in mid July. I appreciate your help on this. Many Thanks. If you sell and move to Spain in the same tax year and are here for days then you have to pay capital gains tax here.

It's better to sell in Ireland and not come to Spain until the following year. How much will I have to pay? I have not been a Spanish resident. I am a resident in Spain for I am a resident in Spain for more than a year, and I am selling a small property Urban Land, no building on it; price is less than 50K Euros that I have had for more than 20 years in my country of birth, outside the EU, i.

Do I have to pay a tax here in Spain? Thanks for your help. If I am resident in Spain and If I am resident in Spain and sell a property back in UK that has no capital gain is there any tax to pay at all?

The property has to be declared and if there is no capital gain then there is no tax to pay. I sold my house in the uk I sold my house in the uk before moving to spain intending to become resident but because of not being able to settle only stayed in our spanish villa for less than 6 months at a time over a 2 year period using it as a holiday home.

When returning to the uk residing with my daughter. We have now sold in spain intending to re-invest the proceeds for our main residence in the uk. Are we liable for CGT. Am I right in thinking the way to reduce the CGT would be to return, live in the property one year and then sell it there as first resident.

Is that right? For it to be your residential home you would have had to have lived in it for three years prior to the sale. You would not be residents in Spain as the property is in the UK. I am shocked by this because I have never received any form of notice from the Spanish authorities.

I was 67 when I sold the Spanish house and then bought my home in the UK several months later. Is there not a time limit to claim for CGT claims? Thanks in adavance. As a file has been opened the time line of four years is extended.

Any idea how much this will be and when may I be likely to receive it. And if so, who do I pay it to? If not, then there is a fine.

I am resident in spain and I am resident in spain and have a property in the Uk that I bought 25 years ago so the gain on it is huge about k. My principal home is now in spain. This will be the value of purchase plus costs, value of sale less costs and then an allowance for the time if purchased before Then you deduct any tax paid in the UK under the double taxation treaty.

If we move back to the UK, for how long after our return to the UK are sales of UK property affected by spanish capital gains please? We have lived in Spain for 12 We have lived in Spain for 12 months and now considering selling our UK property which we rent out. We only purchased the property in and not sure if CGT is payable because we have only owned the property since that date. We are non residents. Our solicitor has chased the tax office but to no avail.

Is the tax office in Spain accountable to anyone? Is there a phone number or email address available for non Spanish speakers to raise queries? Any advice would be gratefully received. It can take a long time for the Tax Office to process this. There is no number for non-Spanish speakers. The telephone number for non-residents in Madrid is 91 but for earlier presentations you will have to go in person to the corresponding office in the capital of the province and arrange an appointment as no information is given by phone.

We already own a small house in Spain which we plan to keep. We now want to buy a 2nd property in Spain. Our aim is to move to spain and use the new property as our primary residence and become residents. Have I got it right that it would be best for us to wait until before becoming residents in Spain?

Thanks for any advice. Who tells us how much capital Who tells us how much capital gains tax we need to pay when we sell our garage space in Spain and how is it collected. This is a legal requirement when non-residents sell property. To calculate this profit you need firstly to ascertain your original purchase price. We then take your current selling price and deduct from it the costs incurred in the sale legal fees etc , thereby reducing the final sale price.

Now you have your original purchase price and your final sale figure, so we can work out your net profit and calculate your Capital Gains Tax liability. In either case, Form H is submitted to the Tax Office, either claiming the outstanding balance or enclosing payment for the sum owed. I own a UK property that has doubled in value since I bought it back in The outstanding mortgage is important to know that this is factored in as I have quite a bit left to pay off that will be paid off with the sale albeit that there will still be CGT to pay due to increase.

I am currently renting here in Spain and looking to buy a house here. Further to point 2, can I buy here in Spain first and then sell later the UK property and still benefit from this relief? This is a complex issue. However, you would normally have to be a tax resident for 3 years before any benefits can be obtained. Hi Hi We are saleing our Spainish property that we have own for approximately 1year. As we understand it there will be cgt on any profit at the rate of 19 per cent.

Is the the only only tax payable?. We are in the process of We are in the process of selling our only house which is in the uk. When it sells I plan on taking early retirement and immediately moving to Spain. I am 51 and my wife is The cgt that seems liable will completely change these plans. Are there no easy solutions?

The only way to avoid capital gains tax is to sell the property in one year and not come to Spain until the following year. Since we purchased, exchange rates plummeted as well as the property market.

Would I be liable for any tax? Capital Gains Tax is due on the profit made on all property sales in Spain. This is a legal requirement when Non-Residents sell property. To calculate this profit we need firstly to ascertain your original purchase price. We do this by. I was resident in Spain. I I was resident in Spain. What is the time scale to reinvest the gain in a new property to avoid CGT? Hi David, The time scale for reinvestment is normally 2 years, this would have been declared in the Tax delcaration where you would have promised the amount to be reinvested.

I have a question regarding Property Capital Gains Tax: Can a Non-Resident profit from a roll-over relief if the sale proceeds are re-invested in another property in another part of Spain? Hello, No, unfortunately this is only for residents in Spain that sell their main property and where they have lived permanently at least 3 years. At this point I am undecided whether to sell or to rent. I would like to understand the tax position in the event that I decide to sell the property.

The total cost of purchase can include transmission tax, lawyer, notary and registration fees. Is this correct? An official licence was obtained for a minor reform and taxes paid. No structural work was conducted in the reform process. I understand that there are no allowances that relate to any of the money spent on the reforms when calculating my CGT obligations. The reforms included new kitchen and appliances. Are there any other deductions allowable such as community fees, electricity, local council taxes, when calculating CGT?

Will there be another tax applied to the sale called Plus Valia and is this a tax that I will pay? If so how is it calculated? I understand that all selling fees and lawyers fees can be included in the final CGT tax computation. Are there any other taxes and or items that I have omitted? Hello Tim, Will try to answer the best as possible below to your queries: 1. Yes, this is correct. The answer is correct there are no allowance for minor works carried out on the property, had it been an New Building and extension of the property with a new Title Deed then this would have been allowed.

No, unfortunately no. Selling feed such as the estate agents commission can be deducted. We believe you included everything in your list. A few queries from an old sea salt. Will gladly reimburse if required for your time and expertise! I have been Non-Resident in Spain since mid I return to Spain during my field-breaks.

Therefore, I am in the UK for approx days out of days. Am I still legally a Non-Resident with around days per year living in Spain? Since August , I have lived in Granada and intend to retire there in when I reach 66 years.

When I retire, I believe it will be mandatory to take full residency as my presence in Spain will become permanent. Please can you confirm? My property in Granada was purchased for circa , There is no outstanding mortgage Should I sell my house after 4 to 6 years after retiring and have taken full residency status, I believe I might be exempt from Capital Gains.

Please can you clarify if my reasoning is correct or otherwise? If any profit from the sale of the Granada property was transferred back to the UK, would I be subject to any UK foreign earnings taxes the money would probably be invested into a retirement apartment? We do not know if there will be change of laws when you intend to retire in , but according to todays situation you will have to become resident in Spain if you intend to live permanently in Spain. According to todays tax situation if you are over the age of 65 years old, you are pensioner, have been resident in Spain for over three years and the property you are selling has been your main residence you willl be exempt of Capital Gains Tax.

Dear Sirs As non residents we built a house in spain on ground we already owned. Property sold end for ,Euros. All paperwork of no value to the purchaser, destroyed in Jan Our Gestoria argued that the property was sold with a house, and despite us no longer having the builders receipts the value of the build was approx E plus costs. Agencia Tributaria has reassessed the CGT now due at about 41,euros and we are in the process of appealing.

We have had to pay 5,thousand euros in April in order to defer payment and appeal and further payments of some 2,thousand euros per month for the next 12 months. The Agencia has made no ruling as yet, I gather it has 6mths to respond. This means shortly if we receive no ruling, we will have to appeal to a Tribunal to overrule the Agencia and have our payments returned. I am very unwilling to continue to make payments as the amount demanded is patently incorrect.

If the Tribunal does not overrule the Agencia, we will not receive any repayments either. Please can you advise if this is legal that the agencia can invent this CGT due when we provided all the paperwork to the Notary at the time of registration of the property.

This seems to be a false calculation we are being asked to pay.. Dear Jennifer, It is complicated to give you detailed information without seeing the documentation of the property. In these cases it is vital that you have all documentation and paperwork in place and in order, without it is very difficult to claim anything at all from the Agencia Tributaria. Also the registration of the building should have been done before to avoid any possible issues.

We assume you legal team is doing all that is possible with the tools and paperwork they have on the property. Sorry we can not really be of any further assistance.

But this was all taken care of when property was sold, what she do? Hello, Thanks for your message. We would need to see all paperwork, taxes paid, and letter of the Tax Authority to be able to asses in this matter. If you wish to send us all documentation on your case you can do so by emailing us at info abacoadvisers.

Dear Miriam. No one seems to be able to confirm. Is the gain on the , euros or euros? Many thanks in advance IAN. We then take your current selling price and deduct from it the costs incurred in the sale legal fees etc.

We can not do this if you paid by cash and have no VAT receipt. Hi, Our recommendation is to have your solicitor claim the to the buyer and their representative. Hi Anne, Yes unfortunately yes, you will have to pay property tax. Should you need assistance please contact our colleague Jessica at the following email jsp abacoadvisers.

My husband and I bought an apartment in Spain in for , euros. We want to sell it but it but we will sell it at lost. According to the market value it is worth , euros. We are non-residents. We have finished paying for the mortgage. We are over 65 years old. How much? Do we have to pay Income tax in the UK? Even though we will not make any profits.

649,000
* €/m2
265 m2 | 8 bedrooms | 3 bathrooms | Furnished | Parking place | Swimming-pool | Gardens
Selling the property yourself will save you money on the hefty commission fees if you've got the time and patience to show people round the. A property sale in Spain gives rise to tax liability for the vendor. Exactly how much is owed depends on a number of factors: the length of time the property has. Advice and information on the costs when you sell your Spanish property. Capital gains taxes, plusvalia taxes, who pays what and how to claim a refund.

Am I correct that if you sell your property in Spain but then fully reinvest any profit in further more properties in Spain you do not pay the capital gains tax, because you will be paying the tax on the new property or properties? Because I am paying the tax on 2 new property purchases, would I still have to pay the Capital gains on the profit from the original sale?

I was told if profit is reinvested in to the Spanish property market within a 2 year period you do not pay the tax on profit? Hi Andy, It is correct that if you sell and reinvest any profit you will avoid the capital gains tax, but if you buy two properties you will have to pay capital gains tax as you can not have two different main residences.

Hi, we have been living in France for fifteen years, and the plan is to sell our home and enable early retirement by living in rented accomodation in Spain. Trouble is, we have heard that we may be subject to capital gains tax by the Spanish authorities, even though it is our principle home? Hi Richard, Yes this would be the case, it is always advisable to sell the the year prior to coming to Spain to be a Resident.

Will my wife and her brother be liable for any Taxes or Capital Gains Tax on the property before they become the legal owners of it?

If so what amounts are they When they become the legal owners of it , they both aim to sell it asap and she and I will return to the UK, what tax liabilities will there be when the Villa is sold Thank your help Geoff Cherry. Hi, First they will inherit, they will become owners and will pay Inheritance Tax. The reduction in the Valencia Region is Please do not hesitate to contact us should you have any further queries.

I bought land in Spain in with my Husband who died 6 years ago. We were both OAP s when we moved here and my husband was disabled.. We were both Spanish residents but have not paid tax or been asked to do as we only had some money from our British sale. We have always paid British Tax. Cash price for the land was 40, euros. As I am now disabled and not able to keep the property would like to return to Britain before Britain is totally out of the EU.

We built up a small casita, pool and a summer house and kept bills to prove this. As I am 80 years old this year. Thank you for your help. Hello, We are sorry to hear about your situation. Should you request any assistance from us please call us at or email us at info abacoadvisers.

Hi I have been sent this regarding being able to reduce the selling price of your property by taking away the balance of the mortgage when you sell. Hi, In order to be able to obtain relief when selling you residential home to purchase another you must have owned the property and living in the house for over three years as a Tax Resident and be reinvesting the full amount in the new property. If you do not reinvest the full amount then you can only dedduct a percentage.

I have received a gift from my parents of a property in Spain. All taxes are paid there. However, is there anything I would need to declare being a resident myself in the UK? Hi Alejandro, No, you will not need to declare it being a resident in the UK. You will just need to pay your yearly property taxes as non-resident in Spain for the property you have received. Where can i get a copy. Hi Nadine, You may check at the notary you signed the sale or with the buyers.

Hi Roy, In the case the Tax has to be declared here on the H but also under the Double Taxation treaty in their own country deducting any Tax paid here from the Tax to pay there. You will have to declare the sale in the UK and the Tax paid here is deducted from the liability you may have in the UK under the double Taxation treaty. Hi Oscar, I am considering becoming a Spanish resident before the end of the year. I own a small apartment in the UK which I will keep to use when I travel back to visit.

Can you tell me if I will have to declare it and pay any taxes on it each year? I am a non-resident property owner,in Spain,i am Hi Joe, If you sell your property as a non-resident in Spain and you make a profit on the sale, yes you will have to pay Capital Gains Tax. Toggle navigation. Table of Contents. See all It might be of your interest Calculating capital gains tax in Spain when selling your property Proposals for capital gains tax in the UK Changes to Spanish capital gains tax.

Leave a comment. Submit comment. Michael Dawson 1 May, am. Suzanne O'Connell 2 May, pm. Bernard Wasape 5 May, am. Suzanne O'Connell 8 May, pm. Hi Bernard Hi Bernard Capital Gains is based on the purchase value plus official costs less the sale prices less costs and you are taxed on the difference. David Larby 6 November, am. Suzanne O'Connell 13 November, am.

Joanna Thomas 20 November, am. Many thanks. Suzanne O'Connell 2 December, pm. Dear Joanna Dear Joanna This is quite a complex case and each case such as this must be studied to see if modifications and builders' receipts are acceptable or not. Martin Osmond 30 December, am. Suzanne O'Connell 1 January, pm. Dear Martin Dear Martin There is no allowance for capital gains tax. Annmarie Newton 30 December, pm.

Suzanne O'Connell 5 January, am. Hi Annmarie Hi Annmarie You pay tax on the capital gains made from the difference between the sale price and the purchase price. Dave murphy 17 January, pm. Suzanne O'Connell 28 January, pm. Hi Dave Hi Dave The costs for the solicitors, agents' fees etc.

Harriet Smith 20 January, pm. Suzanne O'Connell 13 February, am. Hi Steve Hi Steve The tax is based on the purchase price plus costs then the sale price less costs and you pay tax on the difference. Suzanne O'Connell 4 March, pm. Hi Steve Hi Steve Unfortunately, the capital gains is calculated from the date of purchase of the property to the sale.

Jacqueline Ramscar 6 February, pm. Hi Jacqueline Hi Jacqueline If you are a tax resident for more than three years and over 65 and you sell your house when you are still a resident then there is no capital gains tax to pay. Mr vincent rochester 7 February, pm. Suzanne O'Connell 12 February, am. Adrian Barry 15 February, pm. Suzanne O'Connell 22 February, pm.

Dear Adrian Dear Adrian If you sell and move to Spain in the same tax year and are here for days then you have to pay capital gains tax here. Viv 18 February, am. Suzanne O'Connell 18 February, pm. Gans 18 March, pm. Suzanne O'Connell 22 March, pm. Hi Gans Hi Gans Yes, you will have to pay capital gains tax here.

John Andrews 25 March, pm. Suzanne O'Connell 31 March, pm. The property has to be The property has to be declared and if there is no capital gain then there is no tax to pay.

David Franklin 28 April, am. Suzanne O'Connell 30 April, am. Chris 4 May, pm. Resident in Spain, with Resident in Spain, with property here. Property in UK that one day I may wish to sell. Suzanne O'Connell 10 May, pm.

Hi Chris Hi Chris No. Suzanne O'Connell 20 May, pm. Hi Carl Hi Carl As a file has been opened the time line of four years is extended.

Lynn Elkington 20 May, am. Suzanne O'Connell 24 May, pm. Suzanne O'Connell 1 June, pm. Hilly P 2 June, pm. Suzanne O'Connell 11 June, pm. Hilly P 9 June, am. Suzanne O'Connell 14 June, pm. Hi Hilly Hi Hilly It would have to be at least one full tax year. Susan Bramley 20 June, am. Suzanne O'Connell 24 June, am. Hi Susan Hi Susan I'm afraid capital gains tax is still payable.

Susan Bramley 21 June, am. David Pryor 15 July, pm. Suzanne O'Connell 18 July, pm. Jay 15 July, pm. Suzanne O'Connell 24 July, am. Gillian Breakwell 22 July, pm. Suzanne O'Connell 25 July, pm. DM 28 July, pm. Hi there Hi there 3.

CGT questions for you: 1. Many thanks — congrats on website and forum — very useful and insightful. Suzanne O'Connell 3 August, pm. Hi Hi To answer your questions: 1. No, the paying off of the mortgage will not influence the CGT 2. David Barton 31 July, am. Hi David Hi David No. There will also be Plus Valia to pay. Ian walker 2 August, pm. Suzanne O'Connell 7 August, pm. Hi Ian Hi Ian The only way to avoid capital gains tax is to sell the property in one year and not come to Spain until the following year.

Colin 5 August, pm. Suzanne O'Connell 8 August, pm. David 11 August, am. Do I have to complete within that time, or can I place a deposit on a new property? Oscar Paoli 11 November, pm. Mrs Glenda Pennell 3 October, pm. Oscar Paoli 7 October, am. No, in this case you will not need to do so. Neary Rama 10 October, am. Oscar Paoli 10 October, am. Tim Solway 14 October, pm.

Earlier this year I purchased a one bedroom flat. Lots of questions. Your advice would be appreciated. Oscar Paoli 17 October, pm. Ken Cook 22 October, am. Regards Ken Cook. Oscar Paoli 23 October, pm.

Hello Ken, As answer to your query you are still non-resident in Spain. If you are resident in Spain you should not be required to pay taxes back in the UK. Oscar Paoli 24 October, am. Anonymous 25 October, am. The amount you pay and how you pay them will depend on which of the following categories you fall into. This amount will be deducted from the final money you will receive when you visit the Notary to complete on the sale of the property.

He has one month after completion to make this application. To qualify and be treated as a Spanish resident requires you to have been living in Spain for 3 or more years and to be able to prove this, by providing the previous 3 years tax returns, an escritura in your name that is more than 3 years old or a certificate from your local town hall to say that you have been registered as living there for more than 3 years.

You will also need to prove that you intend to continue to live in Spain by providing a contract to purchase a new home or a rental contract for at least 6 months.

If within 2 years of the sale you invest all of the proceeds from the sale into another primary home you will not have to pay this tax. Rollover credit is not available for any other house than your primary residence.

If you are selling your primary residence you are not liable to pay capital gains tax. Again you will need to prove that you have lived in Spain for 3 years or more and intend to continue living here. The taxable base of this tax selling property in Spain is based on the cadastral value of the property.

This value is given to each property in Spain by the tax authorities, and is divided in Land value and Construction value. Well, we only take into account the given Land value to calculate this tax. The second factor that determines this tax is the period of time that the property has been owned by the seller.

Based on these two factors, the municipality applies the tax rates , which are the same all over Spain when selling a property. What makes different the tax paid depending the place, is that each city hall has the possibility to apply more or less bonifications.

Normally, the higher cost selling property in Spain is this tax. It is subject to taxation obtaining a capital gain resulting from the sale of a property.

Since the beginning of , there has been a reform in this tax in Spain changing the taxation of the property yields. In general, the gain is determined by the difference between the values of transmission and acquisition.

The acquisition value is determined by the actual price of the property involved, plus all costs and taxes paid when bought, excluding interest.

Depending on the year of property acquisition, this value is corrected by the application of an updating coefficient, which is established annually, in accordance with the Spanish General State Budget Act. Well, the difference between the transfer value and the acquisition value, calculated in accordance with the above, will be the gain subject to tax. Since January 1, , selling property in Spain, the exemption for reinvestment in the principal residence applies to the taxpayers from the EU, Iceland and Norway.

These are general lines. It is advisable to study the case as there are several peculiarities in the law. In the case of existing charges or debts on the property , obviously they must be paid before the purchase, unless otherwise agreed with the buyer.

This is a huge cost selling a property in Spain. Fact that would save big money to both parts. If the charges and encumbrances are inscribed in the Land Registry , as is the case of a mortgages in Spain, the cancelation of this charge will make necessary the signing of a cancellation deed before a notary, the Stamp duty, and the cost of the Land Registry.

These are guidelines for the cancellation of the most likely charge found when selling a property in Spain, which is a mortgage.

171,000
* €/m2
255 m2 | 1 bedrooms | 2 bathrooms | Furnished | Parking place | Swimming-pool | Gardens
If you want to sell your house or flat in Spain there are a few fees you might want to be aware of before you start. Property conveyancing is not. Advice and information on the costs when you sell your Spanish property. Capital gains taxes, plusvalia taxes, who pays what and how to claim a refund. Notary fees; Transmission tax and legal fees. This is then deducted from the final sale figure less costs incurred during the sale, including.

When calculating cgt on the When calculating cgt on the sale of your property in Tenerife, can you consider the agents purchase and selling fees? Also having replaced all doors and windows, new kitchen, bathroom, and tiles throughout, can you consider these costs when calculating cgt taxes?

The costs for the solicitors, agents' fees etc. You would have to get local advice on other costs and would need official receipts for these too. You can deduct usually for some improvements but not for wear and tear costs. Hello, Hello, My aunt has a second home in spain and lives there a few months of the year but is a tax payer in the uk where she is a resident.

She is selling her spanish property and thought she would pay CGT in the uk on the profit but now isnt sure if its actually due in spain?

Any advice? Under the double taxation treaty the tax paid here can be deducted from any liability in the UK. I presume I need a valuation on the date I became resident, rather than basing the gain on the original cost price when I was a UK resident. The tax is based on the purchase price plus costs then the sale price less costs and you pay tax on the difference. Hi Suzanne. Thanks for your Hi Suzanne.

Thanks for your reply. The key part of my query related to the date I became a Spanish Resident. Surely the Spanish gain is solely the element from the value of my property at the point I became a Spanish resident, rather than the original cost where I was a UK resident?

In which case, I would need to get a property valuation at the date I left the UK?? Unfortunately, the capital gains is calculated from the date of purchase of the property to the sale. When you became a resident makes no difference. If a Spanish resident and tax If a Spanish resident and tax resident for more than 3 years and over 65 and you sell your house to return to uk do you have to purchase another property can you just return to uk with the money from your sale.

If you are a tax resident for more than three years and over 65 and you sell your house when you are still a resident then there is no capital gains tax to pay. However, you must still complete the tax declaration for that year as a resident.

Hi, I am completing on a Hi, I am completing on a villa in Alicante at the end of June, I am selling my UK house but might not complete untill August, would it be best to wait untill January to become resident in Spain and just be non resident for the rest of this year and just stay for the 90 days to advoid Capital Gains Tax. Thank you. Hi, We are currently planning Hi, We are currently planning on selling our family home this year in Ireland and moving to Spain.

I saw in one of your earlier comments if we move in the same year that we sell our home we are liable for CGT. However in Ireland If you spend days or more in Ireland over a period of two consecutive tax years, you will be regarded as resident for the second tax year which applies to us.

Does this supersede Spanish tax law to leave us with no liability as we will not be deemed tax resident? We are planning on moving in May to enrol our kids in school but if we need to ensure that we are not in the country for more than days than we will have to move in mid July. I appreciate your help on this. Many Thanks. If you sell and move to Spain in the same tax year and are here for days then you have to pay capital gains tax here.

It's better to sell in Ireland and not come to Spain until the following year. How much will I have to pay? I have not been a Spanish resident. I am a resident in Spain for I am a resident in Spain for more than a year, and I am selling a small property Urban Land, no building on it; price is less than 50K Euros that I have had for more than 20 years in my country of birth, outside the EU, i.

Do I have to pay a tax here in Spain? Thanks for your help. If I am resident in Spain and If I am resident in Spain and sell a property back in UK that has no capital gain is there any tax to pay at all? The property has to be declared and if there is no capital gain then there is no tax to pay. I sold my house in the uk I sold my house in the uk before moving to spain intending to become resident but because of not being able to settle only stayed in our spanish villa for less than 6 months at a time over a 2 year period using it as a holiday home.

When returning to the uk residing with my daughter. We have now sold in spain intending to re-invest the proceeds for our main residence in the uk. Are we liable for CGT. Am I right in thinking the way to reduce the CGT would be to return, live in the property one year and then sell it there as first resident.

Is that right? For it to be your residential home you would have had to have lived in it for three years prior to the sale. You would not be residents in Spain as the property is in the UK. I am shocked by this because I have never received any form of notice from the Spanish authorities. I was 67 when I sold the Spanish house and then bought my home in the UK several months later. Is there not a time limit to claim for CGT claims? Thanks in adavance. As a file has been opened the time line of four years is extended.

Any idea how much this will be and when may I be likely to receive it. And if so, who do I pay it to? If not, then there is a fine. I am resident in spain and I am resident in spain and have a property in the Uk that I bought 25 years ago so the gain on it is huge about k.

My principal home is now in spain. This will be the value of purchase plus costs, value of sale less costs and then an allowance for the time if purchased before Then you deduct any tax paid in the UK under the double taxation treaty. If we move back to the UK, for how long after our return to the UK are sales of UK property affected by spanish capital gains please? We have lived in Spain for 12 We have lived in Spain for 12 months and now considering selling our UK property which we rent out.

We only purchased the property in and not sure if CGT is payable because we have only owned the property since that date. We are non residents. Our solicitor has chased the tax office but to no avail. Is the tax office in Spain accountable to anyone?

Is there a phone number or email address available for non Spanish speakers to raise queries? Any advice would be gratefully received. It can take a long time for the Tax Office to process this.

There is no number for non-Spanish speakers. The telephone number for non-residents in Madrid is 91 but for earlier presentations you will have to go in person to the corresponding office in the capital of the province and arrange an appointment as no information is given by phone. We already own a small house in Spain which we plan to keep. We now want to buy a 2nd property in Spain. Our aim is to move to spain and use the new property as our primary residence and become residents.

Have I got it right that it would be best for us to wait until before becoming residents in Spain? Thanks for any advice. Who tells us how much capital Who tells us how much capital gains tax we need to pay when we sell our garage space in Spain and how is it collected. This is a legal requirement when non-residents sell property. To calculate this profit you need firstly to ascertain your original purchase price. We then take your current selling price and deduct from it the costs incurred in the sale legal fees etc , thereby reducing the final sale price.

Now you have your original purchase price and your final sale figure, so we can work out your net profit and calculate your Capital Gains Tax liability. In either case, Form H is submitted to the Tax Office, either claiming the outstanding balance or enclosing payment for the sum owed.

I own a UK property that has doubled in value since I bought it back in The outstanding mortgage is important to know that this is factored in as I have quite a bit left to pay off that will be paid off with the sale albeit that there will still be CGT to pay due to increase.

I am currently renting here in Spain and looking to buy a house here. Further to point 2, can I buy here in Spain first and then sell later the UK property and still benefit from this relief? This is a complex issue. However, you would normally have to be a tax resident for 3 years before any benefits can be obtained.

Hi Hi We are saleing our Spainish property that we have own for approximately 1year. As we understand it there will be cgt on any profit at the rate of 19 per cent. Is the the only only tax payable?. We are in the process of We are in the process of selling our only house which is in the uk. When it sells I plan on taking early retirement and immediately moving to Spain.

I am 51 and my wife is The cgt that seems liable will completely change these plans. Are there no easy solutions? The only way to avoid capital gains tax is to sell the property in one year and not come to Spain until the following year.

Since we purchased, exchange rates plummeted as well as the property market. Would I be liable for any tax? Capital Gains Tax is due on the profit made on all property sales in Spain. This is a legal requirement when Non-Residents sell property. To calculate this profit we need firstly to ascertain your original purchase price.

We do this by. I was resident in Spain. I I was resident in Spain. What is the time scale to reinvest the gain in a new property to avoid CGT? Hi David, The time scale for reinvestment is normally 2 years, this would have been declared in the Tax delcaration where you would have promised the amount to be reinvested. I have a question regarding Property Capital Gains Tax: Can a Non-Resident profit from a roll-over relief if the sale proceeds are re-invested in another property in another part of Spain?

Hello, No, unfortunately this is only for residents in Spain that sell their main property and where they have lived permanently at least 3 years. At this point I am undecided whether to sell or to rent. I would like to understand the tax position in the event that I decide to sell the property. The total cost of purchase can include transmission tax, lawyer, notary and registration fees.

Is this correct? An official licence was obtained for a minor reform and taxes paid. No structural work was conducted in the reform process. I understand that there are no allowances that relate to any of the money spent on the reforms when calculating my CGT obligations. The reforms included new kitchen and appliances. Are there any other deductions allowable such as community fees, electricity, local council taxes, when calculating CGT?

Will there be another tax applied to the sale called Plus Valia and is this a tax that I will pay? If so how is it calculated? I understand that all selling fees and lawyers fees can be included in the final CGT tax computation. Are there any other taxes and or items that I have omitted?

Hello Tim, Will try to answer the best as possible below to your queries: 1. Yes, this is correct. The answer is correct there are no allowance for minor works carried out on the property, had it been an New Building and extension of the property with a new Title Deed then this would have been allowed. No, unfortunately no. Selling feed such as the estate agents commission can be deducted.

We believe you included everything in your list. A few queries from an old sea salt. Will gladly reimburse if required for your time and expertise! I have been Non-Resident in Spain since mid I return to Spain during my field-breaks. Therefore, I am in the UK for approx days out of days. Am I still legally a Non-Resident with around days per year living in Spain?

Since August , I have lived in Granada and intend to retire there in when I reach 66 years. When I retire, I believe it will be mandatory to take full residency as my presence in Spain will become permanent. Please can you confirm? My property in Granada was purchased for circa , There is no outstanding mortgage Should I sell my house after 4 to 6 years after retiring and have taken full residency status, I believe I might be exempt from Capital Gains.

Please can you clarify if my reasoning is correct or otherwise? If any profit from the sale of the Granada property was transferred back to the UK, would I be subject to any UK foreign earnings taxes the money would probably be invested into a retirement apartment? We do not know if there will be change of laws when you intend to retire in , but according to todays situation you will have to become resident in Spain if you intend to live permanently in Spain. According to todays tax situation if you are over the age of 65 years old, you are pensioner, have been resident in Spain for over three years and the property you are selling has been your main residence you willl be exempt of Capital Gains Tax.

Dear Sirs As non residents we built a house in spain on ground we already owned. Property sold end for ,Euros. All paperwork of no value to the purchaser, destroyed in Jan Our Gestoria argued that the property was sold with a house, and despite us no longer having the builders receipts the value of the build was approx E plus costs.

Agencia Tributaria has reassessed the CGT now due at about 41,euros and we are in the process of appealing. Sea views. Air conditioning. Central heating. Roof terrace. Separate guest accommodation. Back Printable page View My Favourites. Expenses when selling a property in Spain When you sell your house you will need to pay tax to the Hacienda or tax office for the profits you will have made on the sale of your house.

Foreign residents To qualify and be treated as a Spanish resident requires you to have been living in Spain for 3 or more years and to be able to prove this, by providing the previous 3 years tax returns, an escritura in your name that is more than 3 years old or a certificate from your local town hall to say that you have been registered as living there for more than 3 years.

Foreign residents who are aged 65 and over If you are selling your primary residence you are not liable to pay capital gains tax. Selling property in Spain involves a number of obligations and costs that must be faced by the seller. The general rule selling a property in Spain is that the purchase is made free of liens and encumbrances , being up to date with payments and taxes , and free of tenants and occupants.

But it is possible an agreement against this rule. Selling property in Spain: The charges' cancellation costs. It is always a good idea to put the property up for sale in the best possible condition , trying to attract the buyers attention. The good shape of the property must be from the point of view legal and physical.

Is advisable to do in advance if possible the reparations needed by the property and the whole legal paperwork in the form of cancellations.

Waiting until the purchase moment will bring that another one taking care of it on our behalf Believe me, it will be way more expensive. In case of defects is advisable to be remedied and, if not possible, to inform the buyer of its existence, because if he finds out after the purchase, has a period of six months to take legal actions. Depending the region where you are selling the property in Spain, the notary costs could be shared between the counterparts. To tell the truth is what the law dictates the sharing , but in some places is accustomed that the notary cost is paid only by the buyer.

As a result of selling a property in Spain, you have to pay the tax on the increase in the value of urban land , also known in Spain as Plusvalia tax. This tax is applied only to property of urban nature and obligues to pay only for the value of the plot, not for the built value. This is a local tax. It is paid to the city hall where we are selling property in Spain.

The taxable base of this tax selling property in Spain is based on the cadastral value of the property. This value is given to each property in Spain by the tax authorities, and is divided in Land value and Construction value. Well, we only take into account the given Land value to calculate this tax. The second factor that determines this tax is the period of time that the property has been owned by the seller. Based on these two factors, the municipality applies the tax rates , which are the same all over Spain when selling a property.

397,000
* €/m2
187 m2 | 3 bedrooms | 7 bathrooms | Furnished | Parking place | Swimming-pool | Gardens
Notary fees; Transmission tax and legal fees. This is then deducted from the final sale figure less costs incurred during the sale, including. A property sale in Spain gives rise to tax liability for the vendor. Exactly how much is owed depends on a number of factors: the length of time the property has. The general rule in Spain is that the real estate agent fee is paid by the seller. The figure use to be 5% of the property value, but only the official Spanish real estate.

For it to be your residential home you would have had to have lived in it for three years prior to the sale. You would not be residents in Spain as the property is in the UK. I am shocked by this because I have never received any form of notice from the Spanish authorities.

I was 67 when I sold the Spanish house and then bought my home in the UK several months later. Is there not a time limit to claim for CGT claims? Thanks in adavance. As a file has been opened the time line of four years is extended. Any idea how much this will be and when may I be likely to receive it. And if so, who do I pay it to? If not, then there is a fine. I am resident in spain and I am resident in spain and have a property in the Uk that I bought 25 years ago so the gain on it is huge about k.

My principal home is now in spain. This will be the value of purchase plus costs, value of sale less costs and then an allowance for the time if purchased before Then you deduct any tax paid in the UK under the double taxation treaty. If we move back to the UK, for how long after our return to the UK are sales of UK property affected by spanish capital gains please? We have lived in Spain for 12 We have lived in Spain for 12 months and now considering selling our UK property which we rent out.

We only purchased the property in and not sure if CGT is payable because we have only owned the property since that date.

We are non residents. Our solicitor has chased the tax office but to no avail. Is the tax office in Spain accountable to anyone? Is there a phone number or email address available for non Spanish speakers to raise queries? Any advice would be gratefully received.

It can take a long time for the Tax Office to process this. There is no number for non-Spanish speakers. The telephone number for non-residents in Madrid is 91 but for earlier presentations you will have to go in person to the corresponding office in the capital of the province and arrange an appointment as no information is given by phone. We already own a small house in Spain which we plan to keep.

We now want to buy a 2nd property in Spain. Our aim is to move to spain and use the new property as our primary residence and become residents. Have I got it right that it would be best for us to wait until before becoming residents in Spain?

Thanks for any advice. Who tells us how much capital Who tells us how much capital gains tax we need to pay when we sell our garage space in Spain and how is it collected. This is a legal requirement when non-residents sell property. To calculate this profit you need firstly to ascertain your original purchase price. We then take your current selling price and deduct from it the costs incurred in the sale legal fees etc , thereby reducing the final sale price.

Now you have your original purchase price and your final sale figure, so we can work out your net profit and calculate your Capital Gains Tax liability. In either case, Form H is submitted to the Tax Office, either claiming the outstanding balance or enclosing payment for the sum owed. I own a UK property that has doubled in value since I bought it back in The outstanding mortgage is important to know that this is factored in as I have quite a bit left to pay off that will be paid off with the sale albeit that there will still be CGT to pay due to increase.

I am currently renting here in Spain and looking to buy a house here. Further to point 2, can I buy here in Spain first and then sell later the UK property and still benefit from this relief?

This is a complex issue. However, you would normally have to be a tax resident for 3 years before any benefits can be obtained. Hi Hi We are saleing our Spainish property that we have own for approximately 1year.

As we understand it there will be cgt on any profit at the rate of 19 per cent. Is the the only only tax payable?. We are in the process of We are in the process of selling our only house which is in the uk. When it sells I plan on taking early retirement and immediately moving to Spain. I am 51 and my wife is The cgt that seems liable will completely change these plans. Are there no easy solutions? The only way to avoid capital gains tax is to sell the property in one year and not come to Spain until the following year.

Since we purchased, exchange rates plummeted as well as the property market. Would I be liable for any tax? Capital Gains Tax is due on the profit made on all property sales in Spain. This is a legal requirement when Non-Residents sell property. To calculate this profit we need firstly to ascertain your original purchase price. We do this by. I was resident in Spain. I I was resident in Spain. What is the time scale to reinvest the gain in a new property to avoid CGT?

Hi David, The time scale for reinvestment is normally 2 years, this would have been declared in the Tax delcaration where you would have promised the amount to be reinvested.

I have a question regarding Property Capital Gains Tax: Can a Non-Resident profit from a roll-over relief if the sale proceeds are re-invested in another property in another part of Spain? Hello, No, unfortunately this is only for residents in Spain that sell their main property and where they have lived permanently at least 3 years.

At this point I am undecided whether to sell or to rent. I would like to understand the tax position in the event that I decide to sell the property. The total cost of purchase can include transmission tax, lawyer, notary and registration fees. Is this correct? An official licence was obtained for a minor reform and taxes paid.

No structural work was conducted in the reform process. I understand that there are no allowances that relate to any of the money spent on the reforms when calculating my CGT obligations. The reforms included new kitchen and appliances. Are there any other deductions allowable such as community fees, electricity, local council taxes, when calculating CGT? Will there be another tax applied to the sale called Plus Valia and is this a tax that I will pay? If so how is it calculated?

I understand that all selling fees and lawyers fees can be included in the final CGT tax computation. Are there any other taxes and or items that I have omitted?

Hello Tim, Will try to answer the best as possible below to your queries: 1. Yes, this is correct. The answer is correct there are no allowance for minor works carried out on the property, had it been an New Building and extension of the property with a new Title Deed then this would have been allowed. No, unfortunately no. Selling feed such as the estate agents commission can be deducted.

We believe you included everything in your list. A few queries from an old sea salt. Will gladly reimburse if required for your time and expertise! I have been Non-Resident in Spain since mid I return to Spain during my field-breaks.

Therefore, I am in the UK for approx days out of days. Am I still legally a Non-Resident with around days per year living in Spain? Since August , I have lived in Granada and intend to retire there in when I reach 66 years.

When I retire, I believe it will be mandatory to take full residency as my presence in Spain will become permanent. Please can you confirm? My property in Granada was purchased for circa , There is no outstanding mortgage Should I sell my house after 4 to 6 years after retiring and have taken full residency status, I believe I might be exempt from Capital Gains. Please can you clarify if my reasoning is correct or otherwise? If any profit from the sale of the Granada property was transferred back to the UK, would I be subject to any UK foreign earnings taxes the money would probably be invested into a retirement apartment?

We do not know if there will be change of laws when you intend to retire in , but according to todays situation you will have to become resident in Spain if you intend to live permanently in Spain. According to todays tax situation if you are over the age of 65 years old, you are pensioner, have been resident in Spain for over three years and the property you are selling has been your main residence you willl be exempt of Capital Gains Tax.

Dear Sirs As non residents we built a house in spain on ground we already owned. Property sold end for ,Euros. All paperwork of no value to the purchaser, destroyed in Jan Our Gestoria argued that the property was sold with a house, and despite us no longer having the builders receipts the value of the build was approx E plus costs.

Agencia Tributaria has reassessed the CGT now due at about 41,euros and we are in the process of appealing. We have had to pay 5,thousand euros in April in order to defer payment and appeal and further payments of some 2,thousand euros per month for the next 12 months.

The Agencia has made no ruling as yet, I gather it has 6mths to respond. This means shortly if we receive no ruling, we will have to appeal to a Tribunal to overrule the Agencia and have our payments returned. I am very unwilling to continue to make payments as the amount demanded is patently incorrect. If the Tribunal does not overrule the Agencia, we will not receive any repayments either. Please can you advise if this is legal that the agencia can invent this CGT due when we provided all the paperwork to the Notary at the time of registration of the property.

This seems to be a false calculation we are being asked to pay.. Dear Jennifer, It is complicated to give you detailed information without seeing the documentation of the property. In these cases it is vital that you have all documentation and paperwork in place and in order, without it is very difficult to claim anything at all from the Agencia Tributaria. Also the registration of the building should have been done before to avoid any possible issues. We assume you legal team is doing all that is possible with the tools and paperwork they have on the property.

Sorry we can not really be of any further assistance. But this was all taken care of when property was sold, what she do? Hello, Thanks for your message. We would need to see all paperwork, taxes paid, and letter of the Tax Authority to be able to asses in this matter.

If you wish to send us all documentation on your case you can do so by emailing us at info abacoadvisers. Dear Miriam. No one seems to be able to confirm. Is the gain on the , euros or euros? Many thanks in advance IAN. We then take your current selling price and deduct from it the costs incurred in the sale legal fees etc. We can not do this if you paid by cash and have no VAT receipt. Hi, Our recommendation is to have your solicitor claim the to the buyer and their representative.

Hi Anne, Yes unfortunately yes, you will have to pay property tax. Should you need assistance please contact our colleague Jessica at the following email jsp abacoadvisers. My husband and I bought an apartment in Spain in for , euros. We want to sell it but it but we will sell it at lost. According to the market value it is worth , euros. We are non-residents.

We have finished paying for the mortgage. We are over 65 years old. How much? Do we have to pay Income tax in the UK? Even though we will not make any profits. Should you need any help in the process please contact us at info abacoadvisers. If you are residents you would pay Tax on your world wide income including the proeprties, there could also be Wealth Tax on top of income Tax. The rent for the properties has to be declared in the UK as well as in Spain, Tax paid on the rental income is deducted from the Tax to pay here under the double Taxation treaty.

Should you have any further queries please do not hesitate to contact us at info abacoadvisers. I am a non resident but have owned a small town house in a village since Would i have to pay any tax as it will be sold for a loss? We currently have an offer on our home in Spain. I am 69 years old and my wife is We have been residents in Spain for the past 8 years and permanent residents for the past 1 year. Will my wife be liable for CGT on her half of any profit made?

This is our only residence, we do not own any other property. Thank you so much. Hi, if we sell our spanish home privately without an estate agent, who pays the solicitors fees, the seller or the buyer. Hi Janice, The buyer will pay for his solicitor and the seller for his own solicitor, if you have the same solicitor in the process if depends on the agreement you reach.

If you have any authority for your answer, that would be greatly appreciated. Hi Kirsten, Thank you for contactin us. For example, is you sell a property for Hi, I have Spanish recidencia and have had for 15 years, but am British. Am I correct that if you sell your property in Spain but then fully reinvest any profit in further more properties in Spain you do not pay the capital gains tax, because you will be paying the tax on the new property or properties?

Because I am paying the tax on 2 new property purchases, would I still have to pay the Capital gains on the profit from the original sale? I was told if profit is reinvested in to the Spanish property market within a 2 year period you do not pay the tax on profit? Hi Andy, It is correct that if you sell and reinvest any profit you will avoid the capital gains tax, but if you buy two properties you will have to pay capital gains tax as you can not have two different main residences.

Hi, we have been living in France for fifteen years, and the plan is to sell our home and enable early retirement by living in rented accomodation in Spain. Trouble is, we have heard that we may be subject to capital gains tax by the Spanish authorities, even though it is our principle home? Hi Richard, Yes this would be the case, it is always advisable to sell the the year prior to coming to Spain to be a Resident.

Will my wife and her brother be liable for any Taxes or Capital Gains Tax on the property before they become the legal owners of it? If so what amounts are they When they become the legal owners of it , they both aim to sell it asap and she and I will return to the UK, what tax liabilities will there be when the Villa is sold Thank your help Geoff Cherry.

Hi, First they will inherit, they will become owners and will pay Inheritance Tax. The reduction in the Valencia Region is Please do not hesitate to contact us should you have any further queries. I bought land in Spain in with my Husband who died 6 years ago. We were both OAP s when we moved here and my husband was disabled..

We were both Spanish residents but have not paid tax or been asked to do as we only had some money from our British sale. We have always paid British Tax. Cash price for the land was 40, euros.

As I am now disabled and not able to keep the property would like to return to Britain before Britain is totally out of the EU. We built up a small casita, pool and a summer house and kept bills to prove this. As I am 80 years old this year. Thank you for your help. Hello, We are sorry to hear about your situation. Should you request any assistance from us please call us at or email us at info abacoadvisers. Hi I have been sent this regarding being able to reduce the selling price of your property by taking away the balance of the mortgage when you sell.

Hi, In order to be able to obtain relief when selling you residential home to purchase another you must have owned the property and living in the house for over three years as a Tax Resident and be reinvesting the full amount in the new property. If you do not reinvest the full amount then you can only dedduct a percentage.

I have received a gift from my parents of a property in Spain. All taxes are paid there. However, is there anything I would need to declare being a resident myself in the UK? Hi Alejandro, No, you will not need to declare it being a resident in the UK. You will just need to pay your yearly property taxes as non-resident in Spain for the property you have received.

Where can i get a copy. Hi Nadine, You may check at the notary you signed the sale or with the buyers. Hi Roy, In the case the Tax has to be declared here on the H but also under the Double Taxation treaty in their own country deducting any Tax paid here from the Tax to pay there.

You will have to declare the sale in the UK and the Tax paid here is deducted from the liability you may have in the UK under the double Taxation treaty. Hi Oscar, I am considering becoming a Spanish resident before the end of the year.

I own a small apartment in the UK which I will keep to use when I travel back to visit. Can you tell me if I will have to declare it and pay any taxes on it each year? I am a non-resident property owner,in Spain,i am Hi Joe, If you sell your property as a non-resident in Spain and you make a profit on the sale, yes you will have to pay Capital Gains Tax.

Toggle navigation. Table of Contents. See all It might be of your interest Calculating capital gains tax in Spain when selling your property Proposals for capital gains tax in the UK Changes to Spanish capital gains tax.

Leave a comment. Submit comment. Michael Dawson 1 May, am. Suzanne O'Connell 2 May, pm. Bernard Wasape 5 May, am. Suzanne O'Connell 8 May, pm. Hi Bernard Hi Bernard Capital Gains is based on the purchase value plus official costs less the sale prices less costs and you are taxed on the difference.

David Larby 6 November, am. Suzanne O'Connell 13 November, am. Joanna Thomas 20 November, am. Many thanks. Suzanne O'Connell 2 December, pm. Dear Joanna Dear Joanna This is quite a complex case and each case such as this must be studied to see if modifications and builders' receipts are acceptable or not.

Martin Osmond 30 December, am. Suzanne O'Connell 1 January, pm. Dear Martin Dear Martin There is no allowance for capital gains tax. Annmarie Newton 30 December, pm. Suzanne O'Connell 5 January, am.

Hi Annmarie Hi Annmarie You pay tax on the capital gains made from the difference between the sale price and the purchase price.

Dave murphy 17 January, pm. Suzanne O'Connell 28 January, pm. Hi Dave Hi Dave The costs for the solicitors, agents' fees etc. Harriet Smith 20 January, pm. Suzanne O'Connell 13 February, am. If you don't decalre your taxes here, but can prove that you earn less than 11, euros per year, then you are exempt from paying Capital gains tax. They will be able to tell you the tax accrued if the property was to be sold on that date.

More search options. Reset search. Sea views. Air conditioning. Central heating. Roof terrace. Separate guest accommodation. Back Printable page View My Favourites. Expenses when selling a property in Spain When you sell your house you will need to pay tax to the Hacienda or tax office for the profits you will have made on the sale of your house. Foreign residents To qualify and be treated as a Spanish resident requires you to have been living in Spain for 3 or more years and to be able to prove this, by providing the previous 3 years tax returns, an escritura in your name that is more than 3 years old or a certificate from your local town hall to say that you have been registered as living there for more than 3 years.

Foreign residents who are aged 65 and over If you are selling your primary residence you are not liable to pay capital gains tax. Please select one of the following options Log in to My Favourites.

366,000
* €/m2
248 m2 | 4 bedrooms | 5 bathrooms | Furnished | Parking place | Swimming-pool | Gardens
A property sale in Spain gives rise to tax liability for the vendor. Exactly how much is owed depends on a number of factors: the length of time the property has. There is no fixed. Notary fees; Transmission tax and legal fees. This is then deducted from the final sale figure less costs incurred during the sale, including.

My wife and I have been tax My wife and I have been tax resident in Spain for over three years and have sold our UK property in We are both over 65 years of age. Are we exempt capital gains tax on the sale of our UK property that was our main home for 22 years before moving to Spain?

I'm afraid you won't be exempt as this was not your residential home when you sold it. Capital Gains is based on the purchase value plus official costs less the sale prices less costs and you are taxed on the difference. We are selling our main residence in the UK and buying our main residence there for around euros, as we will NOT be resident in Spain when we sell our house, we are moving AFTER it is sold we will not be resident for tax purposes or will we.

Please help. Provided the sale of the property in the UK is done in the year before you come to Spain to live, then you will not be liable for CGT here. So, if you sell in and do not come to Spain as residents until there will be no CGT. However, if you sell in and become residents in Spain in the same year, there will be.

What would it be if I were resident and not in anyway exempt from CGT? This is quite a complex case and each case such as this must be studied to see if modifications and builders' receipts are acceptable or not.

If you are a non-resident of Spain then you do not pay capital gain tax here for the sale of a property in the UK. We rented out the house 3 years ago, moved to Spain and are now Spanish tax residents. How much CG tax would Spain want if we sold now?

You pay tax on the capital gains made from the difference between the sale price and the purchase price. This is classed as income that is declared on your annual tax declaration. The percentage depends on your tax declaration and the rest of your income. When calculating cgt on the When calculating cgt on the sale of your property in Tenerife, can you consider the agents purchase and selling fees?

Also having replaced all doors and windows, new kitchen, bathroom, and tiles throughout, can you consider these costs when calculating cgt taxes? The costs for the solicitors, agents' fees etc. You would have to get local advice on other costs and would need official receipts for these too. You can deduct usually for some improvements but not for wear and tear costs.

Hello, Hello, My aunt has a second home in spain and lives there a few months of the year but is a tax payer in the uk where she is a resident. She is selling her spanish property and thought she would pay CGT in the uk on the profit but now isnt sure if its actually due in spain? Any advice? Under the double taxation treaty the tax paid here can be deducted from any liability in the UK.

I presume I need a valuation on the date I became resident, rather than basing the gain on the original cost price when I was a UK resident. The tax is based on the purchase price plus costs then the sale price less costs and you pay tax on the difference. Hi Suzanne. Thanks for your Hi Suzanne. Thanks for your reply. The key part of my query related to the date I became a Spanish Resident. Surely the Spanish gain is solely the element from the value of my property at the point I became a Spanish resident, rather than the original cost where I was a UK resident?

In which case, I would need to get a property valuation at the date I left the UK?? Unfortunately, the capital gains is calculated from the date of purchase of the property to the sale. When you became a resident makes no difference. If a Spanish resident and tax If a Spanish resident and tax resident for more than 3 years and over 65 and you sell your house to return to uk do you have to purchase another property can you just return to uk with the money from your sale.

If you are a tax resident for more than three years and over 65 and you sell your house when you are still a resident then there is no capital gains tax to pay. However, you must still complete the tax declaration for that year as a resident. Hi, I am completing on a Hi, I am completing on a villa in Alicante at the end of June, I am selling my UK house but might not complete untill August, would it be best to wait untill January to become resident in Spain and just be non resident for the rest of this year and just stay for the 90 days to advoid Capital Gains Tax.

Thank you. Hi, We are currently planning Hi, We are currently planning on selling our family home this year in Ireland and moving to Spain. I saw in one of your earlier comments if we move in the same year that we sell our home we are liable for CGT. However in Ireland If you spend days or more in Ireland over a period of two consecutive tax years, you will be regarded as resident for the second tax year which applies to us.

Does this supersede Spanish tax law to leave us with no liability as we will not be deemed tax resident? We are planning on moving in May to enrol our kids in school but if we need to ensure that we are not in the country for more than days than we will have to move in mid July.

I appreciate your help on this. Many Thanks. If you sell and move to Spain in the same tax year and are here for days then you have to pay capital gains tax here. It's better to sell in Ireland and not come to Spain until the following year.

How much will I have to pay? I have not been a Spanish resident. I am a resident in Spain for I am a resident in Spain for more than a year, and I am selling a small property Urban Land, no building on it; price is less than 50K Euros that I have had for more than 20 years in my country of birth, outside the EU, i. Do I have to pay a tax here in Spain?

Thanks for your help. If I am resident in Spain and If I am resident in Spain and sell a property back in UK that has no capital gain is there any tax to pay at all? The property has to be declared and if there is no capital gain then there is no tax to pay.

I sold my house in the uk I sold my house in the uk before moving to spain intending to become resident but because of not being able to settle only stayed in our spanish villa for less than 6 months at a time over a 2 year period using it as a holiday home. When returning to the uk residing with my daughter. We have now sold in spain intending to re-invest the proceeds for our main residence in the uk.

Are we liable for CGT. Am I right in thinking the way to reduce the CGT would be to return, live in the property one year and then sell it there as first resident.

Is that right? For it to be your residential home you would have had to have lived in it for three years prior to the sale. You would not be residents in Spain as the property is in the UK. I am shocked by this because I have never received any form of notice from the Spanish authorities. I was 67 when I sold the Spanish house and then bought my home in the UK several months later.

Is there not a time limit to claim for CGT claims? Thanks in adavance. As a file has been opened the time line of four years is extended. Any idea how much this will be and when may I be likely to receive it. And if so, who do I pay it to? If not, then there is a fine. I am resident in spain and I am resident in spain and have a property in the Uk that I bought 25 years ago so the gain on it is huge about k. My principal home is now in spain. This will be the value of purchase plus costs, value of sale less costs and then an allowance for the time if purchased before Then you deduct any tax paid in the UK under the double taxation treaty.

If we move back to the UK, for how long after our return to the UK are sales of UK property affected by spanish capital gains please? We have lived in Spain for 12 We have lived in Spain for 12 months and now considering selling our UK property which we rent out. We only purchased the property in and not sure if CGT is payable because we have only owned the property since that date.

We are non residents. Our solicitor has chased the tax office but to no avail. Is the tax office in Spain accountable to anyone? Is there a phone number or email address available for non Spanish speakers to raise queries? Any advice would be gratefully received. It can take a long time for the Tax Office to process this. There is no number for non-Spanish speakers. The telephone number for non-residents in Madrid is 91 but for earlier presentations you will have to go in person to the corresponding office in the capital of the province and arrange an appointment as no information is given by phone.

We already own a small house in Spain which we plan to keep. We now want to buy a 2nd property in Spain. Our aim is to move to spain and use the new property as our primary residence and become residents. Have I got it right that it would be best for us to wait until before becoming residents in Spain?

Thanks for any advice. Who tells us how much capital Who tells us how much capital gains tax we need to pay when we sell our garage space in Spain and how is it collected. This is a legal requirement when non-residents sell property. To calculate this profit you need firstly to ascertain your original purchase price. We then take your current selling price and deduct from it the costs incurred in the sale legal fees etc , thereby reducing the final sale price.

Now you have your original purchase price and your final sale figure, so we can work out your net profit and calculate your Capital Gains Tax liability. In either case, Form H is submitted to the Tax Office, either claiming the outstanding balance or enclosing payment for the sum owed.

I own a UK property that has doubled in value since I bought it back in The outstanding mortgage is important to know that this is factored in as I have quite a bit left to pay off that will be paid off with the sale albeit that there will still be CGT to pay due to increase.

I am currently renting here in Spain and looking to buy a house here. Further to point 2, can I buy here in Spain first and then sell later the UK property and still benefit from this relief? This is a complex issue.

However, you would normally have to be a tax resident for 3 years before any benefits can be obtained. Hi Hi We are saleing our Spainish property that we have own for approximately 1year. As we understand it there will be cgt on any profit at the rate of 19 per cent. Is the the only only tax payable?. We are in the process of We are in the process of selling our only house which is in the uk.

When it sells I plan on taking early retirement and immediately moving to Spain. I am 51 and my wife is The cgt that seems liable will completely change these plans. Are there no easy solutions? The only way to avoid capital gains tax is to sell the property in one year and not come to Spain until the following year. Since we purchased, exchange rates plummeted as well as the property market.

Would I be liable for any tax? Capital Gains Tax is due on the profit made on all property sales in Spain. This is a legal requirement when Non-Residents sell property.

To calculate this profit we need firstly to ascertain your original purchase price. We do this by. I was resident in Spain. I I was resident in Spain. What is the time scale to reinvest the gain in a new property to avoid CGT? Hi David, The time scale for reinvestment is normally 2 years, this would have been declared in the Tax delcaration where you would have promised the amount to be reinvested. I have a question regarding Property Capital Gains Tax: Can a Non-Resident profit from a roll-over relief if the sale proceeds are re-invested in another property in another part of Spain?

Hello, No, unfortunately this is only for residents in Spain that sell their main property and where they have lived permanently at least 3 years.

At this point I am undecided whether to sell or to rent. I would like to understand the tax position in the event that I decide to sell the property. The total cost of purchase can include transmission tax, lawyer, notary and registration fees. Is this correct? An official licence was obtained for a minor reform and taxes paid. No structural work was conducted in the reform process. I understand that there are no allowances that relate to any of the money spent on the reforms when calculating my CGT obligations.

The reforms included new kitchen and appliances. Are there any other deductions allowable such as community fees, electricity, local council taxes, when calculating CGT? Will there be another tax applied to the sale called Plus Valia and is this a tax that I will pay? If so how is it calculated? I understand that all selling fees and lawyers fees can be included in the final CGT tax computation.

Are there any other taxes and or items that I have omitted? Hello Tim, Will try to answer the best as possible below to your queries: 1. Yes, this is correct. The answer is correct there are no allowance for minor works carried out on the property, had it been an New Building and extension of the property with a new Title Deed then this would have been allowed.

No, unfortunately no. Selling feed such as the estate agents commission can be deducted. We believe you included everything in your list. A few queries from an old sea salt. Will gladly reimburse if required for your time and expertise! I have been Non-Resident in Spain since mid I return to Spain during my field-breaks. Therefore, I am in the UK for approx days out of days.

Am I still legally a Non-Resident with around days per year living in Spain? Since August , I have lived in Granada and intend to retire there in when I reach 66 years. When I retire, I believe it will be mandatory to take full residency as my presence in Spain will become permanent. Please can you confirm?

My property in Granada was purchased for circa , There is no outstanding mortgage Should I sell my house after 4 to 6 years after retiring and have taken full residency status, I believe I might be exempt from Capital Gains. Please can you clarify if my reasoning is correct or otherwise? If any profit from the sale of the Granada property was transferred back to the UK, would I be subject to any UK foreign earnings taxes the money would probably be invested into a retirement apartment?

We do not know if there will be change of laws when you intend to retire in , but according to todays situation you will have to become resident in Spain if you intend to live permanently in Spain.

According to todays tax situation if you are over the age of 65 years old, you are pensioner, have been resident in Spain for over three years and the property you are selling has been your main residence you willl be exempt of Capital Gains Tax. Dear Sirs As non residents we built a house in spain on ground we already owned. Property sold end for ,Euros. All paperwork of no value to the purchaser, destroyed in Jan Our Gestoria argued that the property was sold with a house, and despite us no longer having the builders receipts the value of the build was approx E plus costs.

Agencia Tributaria has reassessed the CGT now due at about 41,euros and we are in the process of appealing. We have had to pay 5,thousand euros in April in order to defer payment and appeal and further payments of some 2,thousand euros per month for the next 12 months. The Agencia has made no ruling as yet, I gather it has 6mths to respond. This means shortly if we receive no ruling, we will have to appeal to a Tribunal to overrule the Agencia and have our payments returned.

I am very unwilling to continue to make payments as the amount demanded is patently incorrect. If the Tribunal does not overrule the Agencia, we will not receive any repayments either. Please can you advise if this is legal that the agencia can invent this CGT due when we provided all the paperwork to the Notary at the time of registration of the property.

This seems to be a false calculation we are being asked to pay.. Dear Jennifer, It is complicated to give you detailed information without seeing the documentation of the property. In these cases it is vital that you have all documentation and paperwork in place and in order, without it is very difficult to claim anything at all from the Agencia Tributaria. Also the registration of the building should have been done before to avoid any possible issues.

We assume you legal team is doing all that is possible with the tools and paperwork they have on the property. Sorry we can not really be of any further assistance. But this was all taken care of when property was sold, what she do? Hello, Thanks for your message. We would need to see all paperwork, taxes paid, and letter of the Tax Authority to be able to asses in this matter. If you wish to send us all documentation on your case you can do so by emailing us at info abacoadvisers.

Dear Miriam. No one seems to be able to confirm. Is the gain on the , euros or euros? Many thanks in advance IAN. We then take your current selling price and deduct from it the costs incurred in the sale legal fees etc.

We can not do this if you paid by cash and have no VAT receipt. Hi, Our recommendation is to have your solicitor claim the to the buyer and their representative. Hi Anne, Yes unfortunately yes, you will have to pay property tax. Should you need assistance please contact our colleague Jessica at the following email jsp abacoadvisers. My husband and I bought an apartment in Spain in for , euros. We want to sell it but it but we will sell it at lost. According to the market value it is worth , euros.

We are non-residents. We have finished paying for the mortgage. We are over 65 years old. How much? Do we have to pay Income tax in the UK? Even though we will not make any profits. Should you need any help in the process please contact us at info abacoadvisers. If you are residents you would pay Tax on your world wide income including the proeprties, there could also be Wealth Tax on top of income Tax. The rent for the properties has to be declared in the UK as well as in Spain, Tax paid on the rental income is deducted from the Tax to pay here under the double Taxation treaty.

Should you have any further queries please do not hesitate to contact us at info abacoadvisers. I am a non resident but have owned a small town house in a village since Would i have to pay any tax as it will be sold for a loss? We currently have an offer on our home in Spain. I am 69 years old and my wife is We have been residents in Spain for the past 8 years and permanent residents for the past 1 year.

Will my wife be liable for CGT on her half of any profit made? This is our only residence, we do not own any other property. Thank you so much. Hi, if we sell our spanish home privately without an estate agent, who pays the solicitors fees, the seller or the buyer. Hi Janice, The buyer will pay for his solicitor and the seller for his own solicitor, if you have the same solicitor in the process if depends on the agreement you reach.

If you have any authority for your answer, that would be greatly appreciated. Hi Kirsten, Thank you for contactin us. For example, is you sell a property for Hi, I have Spanish recidencia and have had for 15 years, but am British.

Am I correct that if you sell your property in Spain but then fully reinvest any profit in further more properties in Spain you do not pay the capital gains tax, because you will be paying the tax on the new property or properties? Because I am paying the tax on 2 new property purchases, would I still have to pay the Capital gains on the profit from the original sale?

I was told if profit is reinvested in to the Spanish property market within a 2 year period you do not pay the tax on profit? Hi Andy, It is correct that if you sell and reinvest any profit you will avoid the capital gains tax, but if you buy two properties you will have to pay capital gains tax as you can not have two different main residences. If you don't decalre your taxes here, but can prove that you earn less than 11, euros per year, then you are exempt from paying Capital gains tax. They will be able to tell you the tax accrued if the property was to be sold on that date.

More search options. Reset search. Sea views. Air conditioning. Central heating. Roof terrace. Separate guest accommodation. Back Printable page View My Favourites.

Expenses when selling a property in Spain When you sell your house you will need to pay tax to the Hacienda or tax office for the profits you will have made on the sale of your house.

Foreign residents To qualify and be treated as a Spanish resident requires you to have been living in Spain for 3 or more years and to be able to prove this, by providing the previous 3 years tax returns, an escritura in your name that is more than 3 years old or a certificate from your local town hall to say that you have been registered as living there for more than 3 years.

Foreign residents who are aged 65 and over If you are selling your primary residence you are not liable to pay capital gains tax. Please select one of the following options Log in to My Favourites.

979,000
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179 m2 | 5 bedrooms | 2 bathrooms | Furnished | Parking place | Swimming-pool | Gardens
Because knowing the exact costs and taxes when selling a property in Spain. If you want to sell your house or flat in Spain there are a few fees you might want to be aware of before you start. Property conveyancing is not. Selling the property yourself will save you money on the hefty commission fees if you've got the time and patience to show people round the.

At this point I am undecided whether to sell or to rent. I would like to understand the tax position in the event that I decide to sell the property. The total cost of purchase can include transmission tax, lawyer, notary and registration fees.

Is this correct? An official licence was obtained for a minor reform and taxes paid. No structural work was conducted in the reform process. I understand that there are no allowances that relate to any of the money spent on the reforms when calculating my CGT obligations. The reforms included new kitchen and appliances. Are there any other deductions allowable such as community fees, electricity, local council taxes, when calculating CGT?

Will there be another tax applied to the sale called Plus Valia and is this a tax that I will pay? If so how is it calculated? I understand that all selling fees and lawyers fees can be included in the final CGT tax computation. Are there any other taxes and or items that I have omitted? Hello Tim, Will try to answer the best as possible below to your queries: 1.

Yes, this is correct. The answer is correct there are no allowance for minor works carried out on the property, had it been an New Building and extension of the property with a new Title Deed then this would have been allowed.

No, unfortunately no. Selling feed such as the estate agents commission can be deducted. We believe you included everything in your list. A few queries from an old sea salt. Will gladly reimburse if required for your time and expertise! I have been Non-Resident in Spain since mid I return to Spain during my field-breaks.

Therefore, I am in the UK for approx days out of days. Am I still legally a Non-Resident with around days per year living in Spain? Since August , I have lived in Granada and intend to retire there in when I reach 66 years. When I retire, I believe it will be mandatory to take full residency as my presence in Spain will become permanent. Please can you confirm? My property in Granada was purchased for circa , There is no outstanding mortgage Should I sell my house after 4 to 6 years after retiring and have taken full residency status, I believe I might be exempt from Capital Gains.

Please can you clarify if my reasoning is correct or otherwise? If any profit from the sale of the Granada property was transferred back to the UK, would I be subject to any UK foreign earnings taxes the money would probably be invested into a retirement apartment?

We do not know if there will be change of laws when you intend to retire in , but according to todays situation you will have to become resident in Spain if you intend to live permanently in Spain. According to todays tax situation if you are over the age of 65 years old, you are pensioner, have been resident in Spain for over three years and the property you are selling has been your main residence you willl be exempt of Capital Gains Tax.

Dear Sirs As non residents we built a house in spain on ground we already owned. Property sold end for ,Euros. All paperwork of no value to the purchaser, destroyed in Jan Our Gestoria argued that the property was sold with a house, and despite us no longer having the builders receipts the value of the build was approx E plus costs.

Agencia Tributaria has reassessed the CGT now due at about 41,euros and we are in the process of appealing. We have had to pay 5,thousand euros in April in order to defer payment and appeal and further payments of some 2,thousand euros per month for the next 12 months. The Agencia has made no ruling as yet, I gather it has 6mths to respond. This means shortly if we receive no ruling, we will have to appeal to a Tribunal to overrule the Agencia and have our payments returned.

I am very unwilling to continue to make payments as the amount demanded is patently incorrect. If the Tribunal does not overrule the Agencia, we will not receive any repayments either. Please can you advise if this is legal that the agencia can invent this CGT due when we provided all the paperwork to the Notary at the time of registration of the property.

This seems to be a false calculation we are being asked to pay.. Dear Jennifer, It is complicated to give you detailed information without seeing the documentation of the property. In these cases it is vital that you have all documentation and paperwork in place and in order, without it is very difficult to claim anything at all from the Agencia Tributaria.

Also the registration of the building should have been done before to avoid any possible issues. We assume you legal team is doing all that is possible with the tools and paperwork they have on the property.

Sorry we can not really be of any further assistance. But this was all taken care of when property was sold, what she do? Hello, Thanks for your message. We would need to see all paperwork, taxes paid, and letter of the Tax Authority to be able to asses in this matter. If you wish to send us all documentation on your case you can do so by emailing us at info abacoadvisers. Dear Miriam. No one seems to be able to confirm. Is the gain on the , euros or euros? Many thanks in advance IAN.

We then take your current selling price and deduct from it the costs incurred in the sale legal fees etc. We can not do this if you paid by cash and have no VAT receipt. Hi, Our recommendation is to have your solicitor claim the to the buyer and their representative. Hi Anne, Yes unfortunately yes, you will have to pay property tax. Should you need assistance please contact our colleague Jessica at the following email jsp abacoadvisers.

My husband and I bought an apartment in Spain in for , euros. We want to sell it but it but we will sell it at lost. According to the market value it is worth , euros. We are non-residents. We have finished paying for the mortgage. We are over 65 years old. How much? Do we have to pay Income tax in the UK? Even though we will not make any profits. Should you need any help in the process please contact us at info abacoadvisers. If you are residents you would pay Tax on your world wide income including the proeprties, there could also be Wealth Tax on top of income Tax.

The rent for the properties has to be declared in the UK as well as in Spain, Tax paid on the rental income is deducted from the Tax to pay here under the double Taxation treaty. Should you have any further queries please do not hesitate to contact us at info abacoadvisers. I am a non resident but have owned a small town house in a village since Would i have to pay any tax as it will be sold for a loss? We currently have an offer on our home in Spain.

I am 69 years old and my wife is We have been residents in Spain for the past 8 years and permanent residents for the past 1 year. Will my wife be liable for CGT on her half of any profit made? This is our only residence, we do not own any other property. Thank you so much. Hi, if we sell our spanish home privately without an estate agent, who pays the solicitors fees, the seller or the buyer. Hi Janice, The buyer will pay for his solicitor and the seller for his own solicitor, if you have the same solicitor in the process if depends on the agreement you reach.

If you have any authority for your answer, that would be greatly appreciated. Hi Kirsten, Thank you for contactin us. For example, is you sell a property for Hi, I have Spanish recidencia and have had for 15 years, but am British.

Am I correct that if you sell your property in Spain but then fully reinvest any profit in further more properties in Spain you do not pay the capital gains tax, because you will be paying the tax on the new property or properties? Because I am paying the tax on 2 new property purchases, would I still have to pay the Capital gains on the profit from the original sale?

I was told if profit is reinvested in to the Spanish property market within a 2 year period you do not pay the tax on profit? Hi Andy, It is correct that if you sell and reinvest any profit you will avoid the capital gains tax, but if you buy two properties you will have to pay capital gains tax as you can not have two different main residences.

Hi, we have been living in France for fifteen years, and the plan is to sell our home and enable early retirement by living in rented accomodation in Spain. Trouble is, we have heard that we may be subject to capital gains tax by the Spanish authorities, even though it is our principle home? Hi Richard, Yes this would be the case, it is always advisable to sell the the year prior to coming to Spain to be a Resident.

Will my wife and her brother be liable for any Taxes or Capital Gains Tax on the property before they become the legal owners of it? If so what amounts are they When they become the legal owners of it , they both aim to sell it asap and she and I will return to the UK, what tax liabilities will there be when the Villa is sold Thank your help Geoff Cherry.

Hi, First they will inherit, they will become owners and will pay Inheritance Tax. The reduction in the Valencia Region is Please do not hesitate to contact us should you have any further queries. I bought land in Spain in with my Husband who died 6 years ago. We were both OAP s when we moved here and my husband was disabled..

We were both Spanish residents but have not paid tax or been asked to do as we only had some money from our British sale. We have always paid British Tax. Cash price for the land was 40, euros.

As I am now disabled and not able to keep the property would like to return to Britain before Britain is totally out of the EU. We built up a small casita, pool and a summer house and kept bills to prove this. As I am 80 years old this year. Thank you for your help. Hello, We are sorry to hear about your situation.

Should you request any assistance from us please call us at or email us at info abacoadvisers. Hi I have been sent this regarding being able to reduce the selling price of your property by taking away the balance of the mortgage when you sell.

Hi, In order to be able to obtain relief when selling you residential home to purchase another you must have owned the property and living in the house for over three years as a Tax Resident and be reinvesting the full amount in the new property. If you do not reinvest the full amount then you can only dedduct a percentage.

I have received a gift from my parents of a property in Spain. All taxes are paid there. However, is there anything I would need to declare being a resident myself in the UK? Hi Alejandro, No, you will not need to declare it being a resident in the UK. You will just need to pay your yearly property taxes as non-resident in Spain for the property you have received.

Where can i get a copy. Hi Nadine, You may check at the notary you signed the sale or with the buyers. Hi Roy, In the case the Tax has to be declared here on the H but also under the Double Taxation treaty in their own country deducting any Tax paid here from the Tax to pay there. You will have to declare the sale in the UK and the Tax paid here is deducted from the liability you may have in the UK under the double Taxation treaty.

Hi Oscar, I am considering becoming a Spanish resident before the end of the year. I own a small apartment in the UK which I will keep to use when I travel back to visit. Can you tell me if I will have to declare it and pay any taxes on it each year? I am a non-resident property owner,in Spain,i am Hi Joe, If you sell your property as a non-resident in Spain and you make a profit on the sale, yes you will have to pay Capital Gains Tax. Toggle navigation.

Table of Contents. See all It might be of your interest Calculating capital gains tax in Spain when selling your property Proposals for capital gains tax in the UK Changes to Spanish capital gains tax. Leave a comment. Submit comment. Michael Dawson 1 May, am. Suzanne O'Connell 2 May, pm. Bernard Wasape 5 May, am. Suzanne O'Connell 8 May, pm. Hi Bernard Hi Bernard Capital Gains is based on the purchase value plus official costs less the sale prices less costs and you are taxed on the difference.

David Larby 6 November, am. Suzanne O'Connell 13 November, am. Joanna Thomas 20 November, am. Many thanks. Suzanne O'Connell 2 December, pm. Dear Joanna Dear Joanna This is quite a complex case and each case such as this must be studied to see if modifications and builders' receipts are acceptable or not.

To tell the truth is what the law dictates the sharing , but in some places is accustomed that the notary cost is paid only by the buyer. As a result of selling a property in Spain, you have to pay the tax on the increase in the value of urban land , also known in Spain as Plusvalia tax. This tax is applied only to property of urban nature and obligues to pay only for the value of the plot, not for the built value.

This is a local tax. It is paid to the city hall where we are selling property in Spain. The taxable base of this tax selling property in Spain is based on the cadastral value of the property. This value is given to each property in Spain by the tax authorities, and is divided in Land value and Construction value.

Well, we only take into account the given Land value to calculate this tax. The second factor that determines this tax is the period of time that the property has been owned by the seller. Based on these two factors, the municipality applies the tax rates , which are the same all over Spain when selling a property. What makes different the tax paid depending the place, is that each city hall has the possibility to apply more or less bonifications. Normally, the higher cost selling property in Spain is this tax.

It is subject to taxation obtaining a capital gain resulting from the sale of a property. Since the beginning of , there has been a reform in this tax in Spain changing the taxation of the property yields.

In general, the gain is determined by the difference between the values of transmission and acquisition. The acquisition value is determined by the actual price of the property involved, plus all costs and taxes paid when bought, excluding interest. Depending on the year of property acquisition, this value is corrected by the application of an updating coefficient, which is established annually, in accordance with the Spanish General State Budget Act. Well, the difference between the transfer value and the acquisition value, calculated in accordance with the above, will be the gain subject to tax.

Since January 1, , selling property in Spain, the exemption for reinvestment in the principal residence applies to the taxpayers from the EU, Iceland and Norway. These are general lines. It is advisable to study the case as there are several peculiarities in the law.

Hello, its a very useful account of essential information , it seems, but for non residents in Spain. I am a UK expat who is resident, with the legal certificate, so how would I find out which bits apply to me, when I sell my apartment here in Spain? Dear Teresa Thank you very much for your comment. Most of this post is applicable to residents. Also, residents over 65 years are exempt of capital gains tax when selling their main residence. Please note that in order to prove your residency status, for this purpose you will need a Residency certificate issued by the Tax Office Agencia Tributaria , not by the police, in the same year of the sale of your property.

I hope this helps. Save my name, email, and website in this browser for the next time I comment. Selling your property in Spain? The time to prepare all this is when you put your property on the market.

Ask for an appointment with a lawyer that specialises in Conveyance and ask for an estimate of your costs and taxes.

And remember: in Spain verbal contracts are as binding as written ones, although obviously more difficult to enforce. Please, accept terms and conditions.

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