Reply To: Capital Gains Tax

#58797
Anonymous
Participant

Yes, you would avoid the 35 % capital gains tax if at the time of the resale of the property you have obtained the resident status. It is unrelevant if you where not resident when you purchased.

So being resident, the applicable tax is 15% if you have owned the property at least one complete year, and nothing at all if you reinvest the full amount, not only the gains, in another main domicile in Spain.

Juan Bertomeu
http://www.iurisconsulting.net