For residents only.
Capital gains tax for residents, this is based on the net profit of a sale. There are variations and exemptions and we advise you speak with a lawyer.
FREE VALUATION
“Castles Estate Agency have been valuing, listing and selling properties since 1986.
Having maintained a successful property business through many varying
economic circumstances we have the knowledge, expertise and experience
to be confident in guiding you to the right selling price for your property.
Our marketing strategy is consistently growing and developing. We know
how vital the internet is to giving clients access to information to help them
reach their property aspirations. We continue to receive the majority of
enquiries through the various world-wide portals we subscribe to.
Rightmove Overseas, A Place in the Sun, Zoopla, Property Guides, and
various others enable us to give our listings the vast exposure and this
enables us to reach buyers all over Europe and further.
We maximise the use of Social Media – Facebook and Instagram which have
a high profile in our communities. Also, we have excellent collaboration
with other local agents and those further afield on the Costa Del Sol to
ensure opportunities to achieve a sale for our vendors are not missed.
We love our community and our team have lived and worked here for many
years. We love sharing our knowledge to help and support our clients.”
So what will it cost?
The basics
There are costs incurred when selling a property in Spain. These can be broken down as follows.
We offer a no sale no fee service, so all of your marketing is undertaken free of charge, including professional photographs, and floor plans if requested. Once we have sold your property, there is an industry standard fee of 5% plus IVA (VAT at 21%)
There is an industry standard of 1% plus IVA (VAT 21%). Our sister company, Asesoria Castles, can offer a discount to our clients.
Asesoria Castles
C/Isaac Peral 4, 29692, Sabinillas, Manilva, Malaga
Tel +34 952 891 221
andrea@asesoriacastles.com
This is a one off tax levied by the local Tax Authorities. This is based on the increase in value of the land on which the property is situated since the property was last sold. The figures are based on the rateable value of the land (Valor Catastral del Suelo) and not on the sales price. We can find out this figure for you before you make the decision to sell.
Capital gains for none resident vendors within the EU is 19%, outside of the EU is 24%. The purchaser is obliged to retain 3% of the declared sales price and pay the funds to the Spanish Tax Authorities. This is to guard against any taxes that may be owed in Spain, including Capital Gains Tax. If all tax liabilities are to date, there is a possibility that all or part of this money can be reclaimed.
We will also require several documents from you in order to market and sell your property, please see the list below.
- Copy of the Title Deeds (Escritura)
- New Nota Simple. (Castles will arrange this)
- Copy of NIE numbers of owners.
- Copy of latest IBI receipt (Town Hall Rates).
- Copy of latest Community Fees receipt.
- Copies of latest utility bills (Water and electricity).
- Copy of the energy efficiency certificate (Castles can arrange this).
FOR FREE VALUATION OR MORE INFORMATION
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