SPANISH CAPITAL GAINS TAX

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This topic contains 4 replies, has 4 voices, and was last updated by Profile photo of Anonymous Anonymous 4 years, 7 months ago.

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  • #51715
    Profile photo of Anonymous
    Anonymous
    Participant

    I have read that there is a proposal that from 2007, the capital gains tax will be 18% on second properties ( i.e. not your main property in Spain)

    The Spaniards will pay additional 3% and non Spaniards will pay 17% less.

    Can somebody confirm ?????. This is good news and I am sure that the forum had been instrumental in its efforts to bring this fairness.

    The Banks are next and we have to start building pressure on them.

  • #61683
    Profile photo of Anonymous
    Anonymous
    Participant

    Perhaps it’s all part of the “clean up” of the Spanish property market. Good news if it happens.

  • #108488
    Profile photo of Anonymous
    Anonymous
    Participant

    Note that the Spanish Government quietly put up CGT this year from 19pc to 21pc.

  • #108489
    Profile photo of Chopera
    Chopera
    Participant

    @mark wrote:

    Note that the Spanish Government quietly put up CGT this year from 19pc to 21pc.

    I doubt if many Spanish expect to make any capital gains for quite a few years anyway

  • #108494
    Profile photo of Anonymous
    Anonymous
    Participant

    That is what I felt. However the capital gains also cover other gains of a capital nature e,g stocks and in addition there will people who had bought in the 60,70’s

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