View Full Version : Capital Gains Tax

04-21-2011, 01:23 PM
In the UK there is capital gains tax relief for a house bought for a dependent relative. Is there any form of relief in these circumstances in Mallorca?
Any information would be appreciated.

06-29-2011, 06:24 PM
Dear Sir/Madam,

Please accept my apologies for this late reply.

In Spain, there is a similar exemption on Capital Gains Tax, depending on the level of disability of the Spanish resident ( it has to be a severe disability ). The exemption is also applicable to residents over 65 years old. Please note that anyone selling their current home and reinvest 100% of the profit made on another property that will be his/her usual residence (main home) will not pay capital gain tax.

I hope this information has been useful.

Best Regards,