Depending on the type of property you intend to sell, the necessary documentation will be different, but there are 3 documents that will be necessary in all cases, IBI receipt, Nota Simple extract of the title deeds from the Land Registry and an Energy Efficiency Certificate.

CGT rates vary depending on whether you are a Spanish resident or non-resident , and how much profit you are earning from the transfer of your property. We highly recommend employing a lawyer to help you with certain processes when selling your property, for tasks such as checking the legal papers of the property and drawing up the private contract.

A lawyer can help make the selling process a lot quicker, saving you money further down the line. Depending on factors such as whether you are a tax resident of Spain, you may be able to receive deductions from your CGT if you are over 65 years of age, or you are reinvesting the money made from the sale of your property into a new property in Spain or Europe.

There are many difficulties when buying a home in Spain, but among them all, the most important is not choosing the right support to aid you in selling your property. For example, not choosing a real estate agency in the area, choosing a lawyer with whom there is no communication, not previously studying the tax implications of owning a home in Spain, and not properly calculating the renting of a home and its profitability etc.

Without the correct advice and support around you, there are many mistakes that can be made when buying a property in Spain. That is why our team at Tejada Solicitors is here to help, ensuring that you do not encounter any pitfalls on your journey to Spanish homeownership. Contact Form.

Select your city Málaga Marbella Nerja Vélez-Málaga Torre del Mar Torrox Fuengirola-Mijas La Herradura-Almuñecar-Motril.

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This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages. Cost of selling a house in Spain Have you made the decision to sell your home in Spain?

READ MORE. CONTACT US! Tejada Solicitors. Property Lawyers. Cost of selling a house in Spain. What Costs are Involved in Selling a Property in Spain? Capital Gains Tax One of the costs of selling a house in Spain is the Capital Gains Tax CGT.

CGT for Fiscal Resident and Non fiscal Resident Article 24 of the LIRNR and its reference to article 33 LIRPF regulate how capital gains are quantified, both for resident and non-resident taxpayers who sell their home or property in Spain.

Table of content: 1 Cost of selling a house in Spain 1. Rosana Tejada — Tax Advisor - English Speaking —. Tax Reductions on Capital Gains for Fiscal Resident only. In addition to the above, all taxpayers with a Spanish Residency can apply the following tax deductions: — The capital gains obtained from the sale of a place of residence are exempt from taxation, providing the following requirements are fulfilled: The seller resident must be over 65 years old when the sale is made.

The transmitted dwelling has to be the normal one, this is, that in which the taxpayer has been living for a continuous-time of tree years — The transfer of habitual residence for people under 65 years of age ; taxpayers who obtain a profit from the sale of their permanent home do not pay income tax if they reinvest the amount obtained in a new place of residence in Spain or Europe.

Examples and Possible Scenarios:. Get more info about the Cost of selling a house in Spain. Municipal Capital Gains Tax It is a local tax, which taxes the increase in value of urban land subject to a transfer known as Plusvalía Municipal.

Energy Efficiency Certificate From the 1st of June , any owner who intends to sell or rent his property, needs to obtain an energy efficiency certificate which is valid for 10 years. Need A Professional Consultation? CONTACT US. The Cost of Legal Fees for the Sale of a House As property conveyancing lawyers and international tax advisors, the presence of a lawyer is as important as that of a tax advisor in the sale process.

Cost Related to a Sale of a Property for a Non-Resident in Spain:. How much tax do you pay when selling a house in Spain? What documents do I need to sell my house in Spain? How much is Capital Gains Tax in Spain?

Do I need a lawyer to sell my house in Spain? How can I avoid Capital Gains Tax in Spain? What are the pitfalls of buying a property in Spain? Close GDPR Cookie Settings. Powered by GDPR Cookie Compliance. Privacy Overview This website uses cookies so that we can provide you with the best user experience possible.

It is estimated that selling property in Spain can take around six months on average. However, the time it takes to sell a property in Spain can vary depending on numerous factors. This can include whether your property is located in a busy area that is in high demand and the demand for the type of property you are selling.

Other factors include whether your property is on sale for a competitive price and whether your property listing stands out in the market.

Whether your chosen location is popular for tourism is also a key factor to consider. Other things that may lengthen the time it takes to sell your property include whether an issue arises with the property, such as damages or a need for maintenance which may cause a property price to be renegotiated.

Working with a Spanish lawyer who is highly experienced in Spanish real estate can help to speed up the process of selling a property, helping you to avoid potential pitfalls.

Contact us today to find out more. In Spain, el notario plays a crucial role in managing the paperwork, taxes and registering the sale with the Land Registry.

They play a neutral role in the transaction and are there to make sure everything is done according to the letter of the law. There are around 3, notaries in Spain and they all charge the same standard rate.

Real estate is always regarded as a good investment and there is a high level of British investment in Spain. Similarly, for those who wish to invest in commercial or residential property, there is a wealth of opportunity in Spain.

All of our Spanish lawyers are fluent in English and will be able to answer any questions you have about selling Spanish property. Why invest in Spanish real estate? Buying property in Spain: understanding the buying process.

Home Advice Centre Real Estate Spain How to sell Spanish property Steps to take, and the benefits of. How to sell Spanish property Steps to take, and the benefits of. Click on the links below to jump to that section: Should you find an estate agent to sell a property?

Read whether it is recommended to use an estate agent when selling a Spanish property. How do you advertise a Spanish property? Read our guide to successfully advertising a property in Spain.

Do you need a solicitor to sell a property in Spain? Find out whether it is necessary to use a solicitor when selling a Spanish property. How long does it take to sell property in Spain? Read how long you can expect it to take to sell a Spanish property. Should you find an estate agent to sell a property?

What documents will need to be prepared? Agreeing on a notary with the buyer In Spain, el notario plays a crucial role when it comes to selling Spanish property. What is a Spanish notary, and why do you need to choose one? Related content Why invest in Spanish real estate?

The real estate agent is not an expert in legal and tax matters, and by charging their fees with the completion of the sale they are directly interested in the transaction going ahead, so it would be advisable for the client to seek the advice of a lawyer, who is best placed to look after your interests and to ensure that the sale process is carried out in accordance with current legislation and that all corresponding taxes are duly paid.

In order to proceed with the sale of your property, both your lawyer and your estate agent will need to be given a series of documents:. h Certificate of outstanding debt issued by the bank if there is a mortgage on the property. Our experience tells us that, before accepting a purchase offer, it is crucial for sellers to be properly informed about what their net profit will be once they have deducted taxes and expenses, and what those will be exactly, to avoid any disappointment later.

Contact us. This document will authorise us to carry out a large number of procedures on your behalf, such as cancelling and transferring utilities contracts, cancelling direct debits, cancelling insurance policies, notifying the Town Hall and the community of property owners of the conveyance, processing the cancellation of your mortgage at the Register, submitting your tax statements, and requesting any return for which you may be eligible.

Likewise, we will draw up a contract with the agreed conditions, and we will send it to the purchasing party for their approval. A translation of this contract will also be sent to you for your information. The selling process ends when the public deed of sale is signed by the purchaser and the seller.

If you decide to sell your property in Spain without the help of an agent, these are some of the steps you will need to follow. If you sell your property with an agent, they will take care of this. To sell a property on your own in Spain, the first thing you should consider is the time you have or are willing to invest in the operation.

Selling a property is neither simple nor quick. As the seller, you will want to make as much money as possible, but the buyer will also want to buy as cheaply as possible.

Viewings take time and will take longer the more interest the prospective buyer has in the property. Before deciding to sell the property to a private individual without the help of an estate agent, you should consider how much time it will take to show the property and whether , by planning your commitments, you will be able to do so.

For example, if you can ask for time off work or if a member of the family can show it when you cannot. Otherwise, the financial advantage of selling the property on your own may be turned against you. When you hand over the management of the sale to a real estate agency, they will be in charge of all these tasks, such as taking photos of the property they usually hire or have specialised photographers or uploading the listing to idealista.

If you do without the real estate agency, you will have to take care of it yourself. To sell your flat to another individual, you must first carry out a market study, as this will provide information on whether it is a good time to sell, at what price to do so and how far to negotiate.

In addition, carrying out an analysis will allow you to find out if prices in your area are rising, if the type of your flat is in high demand, the evolution of prices, etc.

The previous study is fundamental for a sale and purchase transaction between private individuals. Every month idealista prepares a report on property prices for sale in Spain , a very useful tool for finding out how sales and purchases are going in the country.

Before selling a flat between private individuals in , a series of procedures must be carried out to obtain the necessary documents for the transaction. One of the costs of selling a house in Spain is the Capital Gains Tax CGT.

In order to calculate this correctly, we must pay special attention to whether the seller is a Non-Resident or Tax Resident. Article 24 of the LIRNR and its reference to article 33 LIRPF regulate how capital gains are quantified, both for resident and non-resident taxpayers who sell their home or property in Spain.

In general, the gain will be determined by the difference between the transfer and acquisition values. Depreciation is an amount of money used for improvement costs.

If there is a mortgage on the property being transferred, the interest that has been paid during the life of the mortgage cannot form part of the acquisition costs. Rosana Tejada, a consultant at Tejada Solicitors, highlights the importance of keeping all invoices related to the purchase and sale of the property, since they will be required by the Spanish Tax Authorities to check the declared capital gain.

In addition to the above, all taxpayers with a Spanish Residency can apply the following tax deductions:. One of the fiscal obligations regulated by the Spanish Tax Agency to guarantee compliance with tax payments by any buyer who acquires a property in Spain from a non-resident seller.

The buyer will pay this amount to the Spanish Tax Office on form in the name of the seller , as a payment on account of the taxes that the seller must pay for the presumed capital gain that it has obtained.

If, after calculation, the seller has obtained an overall loss, this amount will be returned to the seller on presentation of form Interesting Read: Cost of buying a house in Spain. It is a local tax, which taxes the increase in value of urban land subject to a transfer known as Plusvalía Municipal.

It is a tax that by law corresponds to the seller, but when the seller of the property does not reside in Spain, the purchaser buyer of the property becomes a substitute that is responsible for this payment. Each local council has the power to regulate its own tax rates within a scale by municipal ordinances.

For the calculation, the following variables are taken into account:. Although the Municipal Capital Gain is not required in cases of property transfers where a loss is generated the rule was declared unconstitutional [TC ].

Rosana Tejada, tax advisor at Tejada Solicitors, recommends that, even if a loss exists, the transfer of the property should be notified to the Town Hall. If, later on, losses exist and the Town Hall notifies the tax assessment, we recommend that you appeal against this payment settlement to the Town Hall.

Once the property has been sold, the seller has 30 days to pay the tax or to present the corresponding notification of the transfer made to the local council. The council will notify the resident seller or buyer if the buyer becomes the substitute for the non-resident seller with a letter of payment of the projected amount.

From our experience, we recommend choosing a real estate agency in the area where the property set to be for sale is located. This is a very valid way of advising us on the market price of the property, as the real estate agency will usually have records of other similar properties that exist in the same area.

The fees of the real estate agents will depend on the area where the property is located. Usually, this is an expense that the seller must deal with. From the 1st of June , any owner who intends to sell or rent his property, needs to obtain an energy efficiency certificate which is valid for 10 years.

The energy efficiency certificate is a report issued by a competent technician, which describes the efficiency of a house in terms of energy consumption and level of CO2 emissions.

As property conveyancing lawyers and international tax advisors, the presence of a lawyer is as important as that of a tax advisor in the sale process.

With good planning, the tax advisor can save you a lot of money on taxes. The lawyer has the important task of checking the legal papers of the property, like the Spanish Nota Simple and drawing up the private contract. With the signing of the private contract, both parties agree to fulfil the contract.

In the event of breach of any clause of the contract by the buyers, the contract will be terminated and the seller will retain the amounts that have been paid. In the event that the sellers do not comply with their obligations, the contract will return to the buyers along with twice the amounts paid.

There are many benefits to finding English-speaking estate agents, as they will be able to provide you with useful knowledge of the local property market. They will also likely have lots of prior experience of working with UK sellers.

Additionally, an English-speaking real estate agent will also help the process to run quickly and smoothly and can take on responsibilities such as advertising your property.

Do you need assistance on selling a property in Spain? Contact us today for expert advice. When advertising your property, you may choose to post your property on a property advertising website yourself, or your real estate agent may play a big part in this role.

If the asking price of your house is in line with market reality, you are likely to sell it quickly, but if it is not in demand or is not attractive enough, you may need to hire the services of real estate experts. Reliable estate agents with a positive reputation will play an invaluable part in ensuring your house price is suitable for the market.

Making your house look attractive is a huge priority when it comes to selling Spanish property as quickly as possible. Ensure your house listing highlights the key selling points of your property, and ensure your property is posted on a professional, credible website. It is highly advised to have a solicitor that will guide you in the sale procedure and will ensure that all legalities are in place.

A solicitor can also provide you with invaluable legal advice and oversee the legal and administrative aspects of the sale. By working with a solicitor, you will also have someone on hand for guidance to protect your best interests and answer any questions you may have about Spanish law. We recommend choosing an English-speaking, multilingual solicitor who will clearly advise you on how the property laws in Spain may differ from those in Britain.

Here are the documents you and your solicitor will need to prepare to ensure the process goes smoothly:. If you are unsure on the process needed for selling a Spanish property, contact us today for assistance. In Spain, el notario plays a crucial role when it comes to selling Spanish property. They play an important role in managing the paperwork, taxes and registering the sale with the Land Registry.

The el notario also ensures your property is sold according to the law. The process of agreeing on a notary with a buyer begins after you have accepted an offer. Each document plays a pivotal role in the transparency and legality of the sale.

Consulting with a local real estate expert can also provide additional clarity and ensure that no detail is overlooked. Navigating the selling process in Spain can be a complex endeavor, especially for foreign homeowners. Understanding each step is essential for a smooth and successful transaction.

This might involve minor repairs, a fresh coat of paint, or professional staging. Remember, first impressions count, so consider hiring a professional cleaning service to present your home in a pristine, welcoming state. Deciding whether to sell privately or through an agency is a significant choice.

Selling privately can save you agency fees, but it requires a lot of personal time and effort. An agency,like Bluekey Homes , on the other hand, can provide valuable market insights, advertising, and handle viewings on your behalf. They can also offer expertise in negotiating deals, which can be particularly beneficial for those unfamiliar with the local market.

High-quality photos, and possibly even a virtual tour, can showcase your property to potential buyers worldwide. An accurate, enticing description highlighting key features and amenities can also make a significant difference.

This stage requires a good understanding of the current market to evaluate offers effectively. Are they part of a chain? Do they have their finances in order? Once you accept an offer, a private contract is typically signed, and a deposit paid, leading to the drafting of the final deed escritura de compraventa to be signed in front of a notarylike blukey.

Understanding the timeline of selling your property in Spain is crucial for planning and managing expectations.

While the duration can vary widely, being informed about the process can help you anticipate and navigate it effectively. On average, selling a property in Spain can take anywhere from a few weeks to several months. After the initial agreement between buyer and seller, the legal and bureaucratic processes can take an additional few months to complete.

Market Conditions: The state of the real estate market in Spain is a significant factor. Property Location and Desirability: Properties in sought-after locations or with desirable features such as a sea view or proximity to amenities typically sell faster than those without.

Pricing: Setting the right price is crucial. Overpricing can lead to a longer sale process, while underpricing might result in a quick sale but reduced profits. Documentation and Legalities: Having all the necessary documents ready can streamline the process.

Delays often occur if paperwork is incomplete or if there are legal complexities to address. If they need to arrange financing, this can add time to the sale process.

Seasonal Variations: There can be seasonal trends in the Spanish property market, with certain times of the year being more active than others. The legal framework governing property sales in Spain ensures that transactions are conducted with transparency and integrity.

Understanding these requirements is essential for a smooth and legally compliant sale. In Spain, individual property owners do not need a license to sell their own property. However, if you choose to sell through an agency, ensure that the agency is registered and legally authorized to operate in Spain.

Real estate agents are required to have a professional license, which guarantees that they adhere to the legal standards and ethical practices of the industry. The notary public plays a pivotal role in the property sale process in Spain.

With the signing of the private contract, both parties agree to fulfil the contract. In the event of breach of any clause of the contract by the buyers, the contract will be terminated and the seller will retain the amounts that have been paid. In the event that the sellers do not comply with their obligations, the contract will return to the buyers along with twice the amounts paid.

Finally, the Notary will inform the Land Registry Office of the new owner of the property, and your lawyer will take the necessary steps to ensure the transfer of the property goes into your name. The Tejada Solicitors Team assess their fees according to the workload and complexity of the sale — we do not set a fixed percentage, but rather choose the best option for legal advice that offers a reasonable price and a quality service.

You can contact us and get more information. Please consult without obligation. As a seller, you will have to pay Capital Gains Tax CGT. This amount varies depending on whether you are a tax resident of Spain or a non-resident, and the profit gained in selling your property.

During the transferral of your property to the new owners, you may also have to pay Municipal Capital Gains Tax — of which local rates vary. Depending on the type of property you intend to sell, the necessary documentation will be different, but there are 3 documents that will be necessary in all cases, IBI receipt, Nota Simple extract of the title deeds from the Land Registry and an Energy Efficiency Certificate.

CGT rates vary depending on whether you are a Spanish resident or non-resident , and how much profit you are earning from the transfer of your property. We highly recommend employing a lawyer to help you with certain processes when selling your property, for tasks such as checking the legal papers of the property and drawing up the private contract.

A lawyer can help make the selling process a lot quicker, saving you money further down the line. Depending on factors such as whether you are a tax resident of Spain, you may be able to receive deductions from your CGT if you are over 65 years of age, or you are reinvesting the money made from the sale of your property into a new property in Spain or Europe.

There are many difficulties when buying a home in Spain, but among them all, the most important is not choosing the right support to aid you in selling your property. For example, not choosing a real estate agency in the area, choosing a lawyer with whom there is no communication, not previously studying the tax implications of owning a home in Spain, and not properly calculating the renting of a home and its profitability etc.

Without the correct advice and support around you, there are many mistakes that can be made when buying a property in Spain. That is why our team at Tejada Solicitors is here to help, ensuring that you do not encounter any pitfalls on your journey to Spanish homeownership.

Contact Form. Select your city Málaga Marbella Nerja Vélez-Málaga Torre del Mar Torrox Fuengirola-Mijas La Herradura-Almuñecar-Motril.

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

You can read about the Cookies or our Privacy Policy. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. If you disable this cookie, we will not be able to save your preferences.

This means that every time you visit this website you will need to enable or disable cookies again. This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages.

Cost of selling a house in Spain Have you made the decision to sell your home in Spain? READ MORE. CONTACT US! Tejada Solicitors. Property Lawyers.