I just moved to Spain and I am wondering about the tax implications of selling the property where I used to live. Will I need to pay taxes on the capital gain if I sell on the same year I move to Spain? You will only need to declare this capital gain in your annual… Read more »
Posts By: Rafael Guerrero
24% Tax regime for individual who have obtained a Spanish Digital Nomad Visa or Golden Visa.
Starting from January 1, 2023, amendments to Article 93 of Spain’s Personal Income Tax Law introduce a special tax arrangement for individuals gaining Spanish tax residency due to moving to the country. This provision, which was modified through the third Final Provision of Law 28/2022, is intended to promote the startup ecosystem. Under this regime,… Read more »
Flat Rate of 7% purchase a property in Andalusia
Are you thinking of buying a property in Andalusia? Good news! The Andalusian Tax Government has approved a reduction in the Transfer Tax to be paid at a flat rate of 7%! What is the Transfer Tax? When you purchase a property in Spain, you are liable to pay a transfer tax for both… Read more »