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Thread: property,sell & buy

  1. #1
    Join Date
    Feb 2005
    Location
    la florida, 03189 orihuela costa
    Posts
    62

    Default property,sell & buy

    We have residencia, have owned our house for 2 years and are not pensioners. If we sell our house in order to buy another one will we still have to pay tax on the sale?

  2. #2
    Join Date
    Jul 2005
    Posts
    320

    Default

    You will have to pay taxes corresponding to the sale and also the Income tax for the variation in the net worth (profit) that will be 15% (less the reductions for the time of ownership and expenses), whenever you have the fiscal residency in Spain, that will be more profitable than if you were non resident.

    We remain at your disposal to any further matter you may require.

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