Selling Real Estate in Spain

the sale of your property in Spain is conducted smoothly and accurately. You receive support in collecting all mandatory documents and in handling the required tax contributions.

Mandatory Sales Documents

Are you selling your property in Spain? Then you provide your agent with various documents that he presents to prospective buyers. Part of the paperwork is legally defined:

Was your house built after 2003? Then you also request a certificate from the municipality indicating that there is no penalty procedure due to problems in the zoning plans.

Description of the property, including address, floor area, and any encumbrances (such as right of way)
Asking price
Nota Simple, a recent extract from the property register stating the property owner and any debts or encumbrances (such as a mortgage or usufruct)
Most recent water and electricity bills
Proof of payment of the property tax (IBI)
Articles of association and additional information about the (co-)ownership association

Is there a mortgage on the property? Then you settle it through a separate notarial deed, usually dated on the day of the sales contract. We send a representative from your bank to sign the deed and receive the money.

Income Tax on Sale

Are you making a profit on the sale of your house? Then you pay 18 percent taxes on the difference between your purchase and sale price.

Are you not liable for tax in Spain? Then the buyer pays 3 percent of the sale price to the Spanish tax authorities. He can deduct that amount from the amount you receive.

The tax authority (Agencia Tributaria) issues a document stating whether you are liable for tax. You provide this to your notary.

Capital Gain Tax on Your Plot

In addition to income tax, you also pay a tax on the capital gain of your plot. This is a municipal tax, the Plusvalía, which depends on the cadastral value and the period you owned the sold property.

Usually, the buyer deducts this amount and pays it on your behalf to the tax authority. This must be done within 30 days after the notarial transfer.