Quote:
Originally Posted by jojo
Here we go, he's dictating it to me!!!!!
"Changes to capitol gains tax in 2007. Under the new law all non resident sellers, regardless of when they aquirred the property are subject to a 3% retention of the sales price, paid to the tax office by the purchaser on account of the seller and applied against the sellers capitol gains tax"
link???
Buying property in Andalucia, property investment Spain
Jo |
Theres no Capital gains payable by a resident over retirement age, but I think that applies to residents, not non residents. This is one of the plusses about putting in a tax return to register (even if its a zero return) as a fiscal resident ..... when you come to sell you can prove you are resident.