'Plusvalía' capital gains tax

Plusvalia tax is a devolved tax levied by the town hall where your property is located. It taxes the increase in value of the land (hence its Spanish namesake, plusvalia, or increase in value).

Continuing with last week's article (Taxes on buying property in Spain), in today’s article, we focus on the taxes sellers need to face.Capital Gains Tax Plusvalia TaxCapital Gains Tax This tax is paid to the central government, to the Spanish Tax Office (AEAT).CGT is taxed on th

On selling property in Spain, you are liable for two taxes: Capital Gains Tax (CGT) Plusvalia tax. The first tax is national and set by the government. The second one, is a devolved competency to municipalities (read town halls).

In 1999, the Spanish government modified the regulations governing the municipal capital gains tax, the tax paid when selling a property, and since then foreigners not resident in Spain have been exempt from declaring and paying this tax, i.e.

As Idealista readers may recall, Spain’s Constitutional Court overturned plusvalia tax last 26th October 2021. We published a detailed article at the time.

On the 26th October 2021 Spain’s Constitutional court declared null and void a series of articles which in practice translates into eliminating plusvalia tax. The exact details of the ruling remain unknown as it has still not made public as of the time of writing, but is expected to be released

All transactions are taxed and even more so if they involve real estate. This year there have been several new developments related to taxes in Spain, specifically those regarding municipal capital gains, property and personal income.

When as a property owner you transmit your home, whether you sell it or donate it, you’ll naturally want to pay as little tax as possible and make the greatest profit you can.

Many people have doubts about the taxes they will have to pay when buying or selling a home in Spain. This article seeks to explain the resident and non-resident tax on the purchase and sale of property in a simple way, with the help of economist and tax advisor José Miguel Golpe Saavedra.

On selling property in Spain, you are liable for two taxes: plusvalía and capital gains tax (CGT). In this short article on Spanish tax, we will focus on four strategies to mitigate a seller’s exposure to CGT, which range from completely negating it to reducing it significantly. The following

When a taxpayer sells a home in Spain, they are obliged to pay the infamous municipal capital gains tax (called the plusvalía municipal in Spanish) unless they have incurred losses from the transfer.