Capital Gains Tax
Capital Gains Tax in Spain | Selling Guide
Complete guide to Capital Gains Tax (CGT) when selling property in Spain. Rules for residents and non-residents, allowable deductions, and filing deadlines explained.
What Is Capital Gains Tax?
Capital Gains Tax is calculated on the profit made from the sale of your property—the difference between the purchase price and the sale price, adjusted for allowable costs and improvements.
Based on Gain
Tax on profit, not sale price
Everyone Pays
Applies to residents and non-residents
Deductions
Reduce your taxable gain
Deadlines
Must be declared after sale
Tax Rates
Residents
Spanish tax residents pay CGT on a sliding scale:
- First €6,000: 19%
- €6,000 - €50,000: 21%
- €50,000 - €200,000: 23%
- Over €200,000: 28%
Non-Residents
Non-residents from EU/EEA countries pay a flat rate of 19%. The buyer must withhold 3% of the sale price at completion as a guarantee against the seller's CGT liability.
Allowable Deductions
You can reduce your taxable gain by deducting legitimate costs from both purchase and sale:
- Original purchase price and buying costs
- Documented improvements (not maintenance)
- Estate agent fees
- Legal fees for both transactions
- Energy certificate and other selling costs
Keep all receipts and invoices as proof of expenditure.
Filing & Payment
Residents
Include capital gains in your annual tax return (IRPF), filed by June 30 of the following year.
Non-Residents
File Form 210 within 3 months of completion. If the 3% retention exceeds your actual liability, you can claim a refund.
Expert Advice
Get Professional Help
CGT calculations can be complex. Consider professional tax advice for your specific situation.
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