The capital gain is the difference between the purchase price and the selling price, and when the amount of the result is positive. The tax system has some major changes in Spain whether you are a resident or not of the country.

Real estate capital gain tax for residents

To be considered as a Spanish resident, you must be in the country for more than 183 days per year. The tax rate vary regarding of the benefits done thanks to the sale of the property and may be entitled to the consideration of certain expenses inherent to said operations:

• 19% for the first 6.000€ obtained as a profit

• From 6.000€ to 50.000€, the tax percentage is 21%
• From 50.000€ onwards, a 23%

Real estate capital gain tax for non residents

Any capital gain from the sale or transfer of assets located in Spain has a fixed tax of 24% for Non-Residents, and goes down to 19% if it is resident in any other country of the European Union, Iceland or Norway.

Real estate capital gains exempted from tax

• The sale of the main residence if the objective is to re-invest into a new primary residence.
• You are totally exempted from capital gains tax if you are over 65 years old.

We cannot advise on tax matters as we are not qualified to. This is just for information. Should you want more information and advice, we would be happy to introduce you to tax specialists and accountants.