Capital Gains Tax – non residents


This topic contains 2 replies, has 3 voices, and was last updated by Profile photo of barrymc1 barrymc1 1 week, 4 days ago.

  • Author
  • #195176
    Profile photo of Ptt

    Normally I understand there is a 3 per cent withholding tax that is deducted from the sales proceeds by the solicitor acting for you. After then what happens? – do you get the balance paid to you  and you can transfer it to a euro account outside Spain or is any other money withheld if it is thought there may be a further liability. It would be helpful to be clear about what is actually now the position and any information much appreciated

    • This topic was modified 1 week, 5 days ago by Profile photo of Ptt Ptt.
  • #195189
    Profile photo of SteveCadiz

    I’d find any information useful too.

  • #195196
    Profile photo of barrymc1

    That is correct, there is a 3% withholding based on the sale value of the property. If you have made a loss on the property, then you should be able to claim it back, as long as you are up to date with your taxes. And if you have made a gain, it goes towards whatever your Capital Gain liability may be. A good accountant (gestor) should be able to help you reclaim funds.

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