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View Full Version : what tax is retained now?



sarah
07-12-2007, 03:57 PM
Please can you tell me what tax is now retained for residents and non residents upon the sale of a property.

Is there any difference if you are resident and over 60 years of age?

Any guidance you could give would be appreciated.

Thank you

Professional Lawyer
01-22-2013, 01:29 PM
Now, 3% is retained and the tax authorities return after a year to 18 months if there is no capital gains tax liability, or part thereof. CGT is 21% now. If you are Resident, (but you have to be fiscal resident so making tax returns to the Hacienda), this should be shown at the Notary, then the Notary will not retain the 3%.