residents
cannot roll-over the gain into a new home,
and have to pay a higher rate tax than a
Spanish resident (35% instead of 15%).
Gains from assets held for less than one
year are treated as income and taxed accordingly,
whereas the tax rates are usually lower
if you have owned the asset for more than
two years. Assets bought before 31st
December 1994 are granted more generous
allowances. These rules are explained below.
If you are a Spanish
tax resident, the capital gains tax
rate is fixed at 15%.
gains is complex,
but the flow charts below should help in
understanding the rules. For real estate
gains, Spanish non-residents cannot roll-over
the gain into a new home, and have to pay
a higher rate tax than a Spanish resident
(35% instead of 15%).
Capital Gains
on Spanish Real Estate
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