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Discusión: Capital gain tax ( again, sorry )

  1. #1
    pensionista está desconectado Junior Member
    Registrado
    noviembre-2008
    Ubicación
    Torrevieja
    Posts
    3

    Predeterminado Capital gain tax ( again, sorry )

    I am about to sell my property that I bought in 2002.

    I bought the property for €21,000 and am selling it for €50,000.

    I have been resident in Spain since 1999 - but NOT tax resident, as I opted to pay my taxes in UK.

    I hear such conflicting stories on capital gains - 18% of the difference in the buying and selling price / 3% on the total sale price / 5% on ???

    Can anyone tell me EXACTLY what my tax liability will be?

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  3. #2
    Fontanals Solicitors está desconectado Senior Member
    Registrado
    julio-2005
    Posts
    340

    Predeterminado Capital Gains tax

    Capital gains tax is 18% of the net profit. A 3% of the sale price is retained on completion as part payment of the 18%.

    For further information please do not hesitate to contact us.

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