- September 15, 2017 at 9:15 am #216488
We are currently selling a villa, and have been advised that capital gains tax on the substantial profit will be 20% as non residents in Alicante
On searching through the internet the rate seems to be 19%
Can anyone confirm the correct rate?
- September 15, 2017 at 2:59 pm #216490
Raymundo Larraín NesbittParticipant
It depends when you sold on.
If you sold on between the 01-01-2015 and the 11-07-2015 the cgt is 20%.
If you sold on between the 12-07-2015 and the 31-12-2015 it is 19.5% cgt.
If you sold as from the 01-012017 it is 19% cgt.
More info in my article: Taxes on selling Spanish property
- September 15, 2017 at 3:12 pm #216494
Thanks for that
I thought it was 19% last year and this, which is what you are saying too.
For some strange reason, the lawyer said to pay them based on 20%, and they would pay it on our behalf.
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