Are You Selling Your Home as a Resident on the Costa Blanca? Here's What You Need to Know About Taxes:
If you are a "fiscal resident" of Spain aged 65 or older and planning to sell your primary residence on the Costa Blanca, you won't be liable for taxes on the sale, even if you make a profit. However, this exemption applies only if you’ve owned the property for more than three years.
For those who sell their primary residence within three years of ownership, a Capital Gains Tax of 19% on the profit will apply. This tax is payable the following year when you file your "Renta" tax return.
If you're selling a secondary home (not your primary residence), Capital Gains Tax will be charged on any profit made, regardless of your age or how long you've owned the property.
Selling in the Ciudad Quesada or surrounding urbanisations? We have buyers waiting! Contact me today on 966 718 392.
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