Offsetting Capital Gains Liability Favourite Spanish Property Insight › Forums › Spanish Property Forums › Property Questions & Answers › Offsetting Capital Gains Liability Tagged: Offsetting Capital Gains Liability This topic contains 2 replies, has 2 voices, and was last updated by Bergerac 3 years ago. Author Posts June 23, 2016 at 12:13 pm #191383 BergeracParticipant Can anyone advise if the capital (not the interest) already repaid on a mortgage can be offset against the 3% retention withheld from the selling price to cover the potential capital gains liability on a non-resident owned property? June 26, 2016 at 3:57 pm #191413 Barbara Ingenbleek, Euro EconomicsParticipant You cannot offset the capital already repaid against the 3% retention. The 3% of the sale price will always be retained indepently the offset of capital, the charges of the constitution of a mortgage etc. etc. July 3, 2016 at 12:54 pm #191599 BergeracParticipant Many thanks for the information Author Posts The forum ‘Property Questions & Answers’ is closed to new topics and replies.