Capital gain tax ( again, sorry )

[pensionista]

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?

[Fontanals Solicitors]

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.