What is Spain’s new solidarity tax?
Specific to Andalucía and therefore Sotogrande, the wealth tax as applied to property, has been a big concern....
Spanish Taxes
03 – Property Taxes and Costs for OWNERS
What TAXES and associated costs must be paid on an ONGOING basis to keep a property in Sotogrande.
02 – Sale Taxes and Costs for VENDORS
What TAXES and associated costs must be paid when SELLING a property in Sotogrande, Spain.
01 – Property Taxes and Costs for BUYERS
What TAXES and associated costs must be paid when BUYING a property in Sotogrande, Spain.
Is the Purchase of a Property in Sotogrande an Asset?
The Real Estate sector could begin to grow and become an interesting asset class for both homeowners and investors...
What is the Plusvalia Municipal Tax vendors get charged when they sell a home?
Plusvalía municipal (Municipal capital gains) is a local tax payable to your local town hall upon the sale of your property.
Capital Gains Tax Upon selling your Sotogrande home in Spain.
Capital Gains Tax (CGT) is applied to stocks, property, government bonds, and any other assets and investments once you sell, and of course as long as you have made a profit. There is a difference in the rate of tax, depending on if you are a tax resident of Spain...
Great news for property buyers… Lower property purchase tax for 2022 remains at 7%!
The Junta de Andalucía has now passed into law the lowering the ITP tax (ITP is the tax paid by the buyer when buying a property). This means that BIG SAVINGS will be made by buyers purchasing resale properties where ITP is the due tax!!! Learn some examples..
Property Tax relief in Andalucía until end of 2021
As of today 29th April 2021 the rates of ITP have been reduced in Andalucía. Bottom line you will pay less property tax when you buy a resale property between now and the end of the year.
Most asked questions regarding BREXIT and TAX implications, very helpful!
Questions and Answers in regard Great Britain citizens post Brexit. Charles Gubbins interviewed Magdalena Marín García from Triay & Triay Lawyers Spain to clarify some of the most asked questions by clients and colleagues on this topic.
For a change, there is some good news regarding taxes! Inheritance and gift tax
In April 2019, the inheritance and gift tax was practically abolished for Andalusia, with other words the tax amount is now so small that it is no longer worth mentioning.
What taxes should I pay when selling a property at 65 years old or more?
It is important to acknowledge that no one is exempt from paying the tax concerning the municipal capital gain, unless the transfer was made at a loss.
