Capital gains tax

This topic contains 2 replies, has 2 voices, and was last updated by  Steve 1 month, 1 week ago.

  • Author
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  • #216488

    Steve
    Participant

    Hello

    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?

  • #216490

    Hi Steve,

    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

    Taxes on Selling Spanish Property

    Regards

     

     

  • #216494

    Steve
    Participant

    Hi

    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.

    Thanks again

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