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Edwards
10-02-2012, 12:28 PM
I'm trying to sell a plot of land in Catalonia and am quite confused by the different information available on the internet regarding costs of selling. I am a non resident and 65 years old. As far as I can gather, I will have to pay the following:
Plusvàlua
Capital gains tax - 19% on first 6000 Euros and 21% on anything above.
3% on the sale price (non-resident tax) on the day of sale.

If I have lawyers fees, can this be offset against the capital gains tax? Thank you in advance for your help.

Patricia
10-08-2012, 12:43 PM
Hello Edwards,

You are nearly right, just need correction on the following: The Capital Gains Tax has been raised to 21% until end of 2013, as ruled at Disposicion adicional tercera of the Royal Decree 20/2011, 30th de December, de medidas urgentes en materia presupuestaria, tributaria y financiera para la corrección del déficit público.
(http://www.boe.es/boe/dias/2011/12/31/pdfs/BOE-A-2011-20638.pdf)
The legal fees can be offset against CGT providing you have an invoice as I it is an expense attached to the sale.

If you do not have a lawyer, I would like to take the opportunity to offer you our Conveyancing for Property Sale Service (http://www.lawbird.com/services/view/24/Conveyancing-for-Property-Sale) .

Please let me know if you have further questions.

Kind regards,