As a general rule, any change in wealth in Spain must be taxed. Depending on the double taxation agreement with your country, there will be transactions that will be taxed in Spain or not, but as a general rule, any sale of real estate is subject to taxation.
At the time of the sale of a property, when you go to the notary’s office to carry out the sale, you will see that a withholding tax is levied on the tax payable. Even so, all your tax obligations have not been fulfilled, as in the following days you will have to declare the transaction, the non-resident capital gain, with the possibility of requesting a refund of the overpaid tax, if applicable.
Whether you are planning to sell or buy a property in Spain, it is essential to have the correct tax planning in order to reduce the tax cost of the operation. Rely on us for optimal planning and thus reduce your tax bill while complying with all legal and fiscal requirements.