View Full Version : Do I have to Pay Capital Gains Tax before the sale of a Property?

04-26-2010, 10:38 AM
I am trying to sell my proprty in Tennerife but a informed that I have to pay the Capital Gains Tax before the sale of the Property. Is this correct?



Lawbird Lawyer
04-26-2010, 11:49 AM
Dear Sir,

No, it's incorrect.

Perhaps you may be confusing it with a retention of 3% that is being withheld by the buyer and paid into the Spanish Tax office on account of your CGT liability.

I take it you are a fiscally non-resident in Spain. If correct, then they would apply the said 3% retention.

This is explained in detail on this thread (post number 18).-


Yours faithfully,
Raymundo Larraín Nesbitt