Home » Spanish Property Forums » Homes for Sale by Owner (FSBO) And Rentals » capital gains tax
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We have an offer on our appartment but need to know if the current %rate has been reduced on the capital gains rule.Our spanish lawyer said a reduction from 35% to 18% was being proposed.We are waiting for information as to if and when. ❓
Paul & Mo.
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The change to the legislation required to equalise CGT for residents and non-residents hasn’t even been before parliament yet so nobody knows for sure if/when/how much.
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Next year as from the first of January 2007 CGT will be down for non-residents from current 35% down to 18%.
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Next year as from the first of January 2007 CGT will be down for non-residents from current 35% down to 18%.
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