Selling property in Spain – Tax Implications3% Non-Residents Retention

Selling property in Spain Tax Implications

Firstly, it is important to distinguish between vendors who are resident and those who are non-resident.

In the latter case, it is necessary to take into account that on the day of the signing of the property deeds, the purchaser will retain 3% of the sales price and does so in order to comply with their obligation to deposit this amount with the Tax Agency, using Form 211, within a period of one month.

This 3% contributes towards the total 21% (soon reducing to 19%) central government Capital Gains tax. Should there be no profit on the sale, there then arises the possibility of claiming back this 3%.

Being able to do so may also depend on other factors such as having paid the previous four years non-resident tax.

It is also possible to have the money paid directly to your UK bank account – you just need to have the lawyer managing this for you to make the appropriate application to the Tax Office.

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39 Lawyers Offering Property Sale Services in Spain

Testimonials for our Property Sale service
  • Martin Clifton
    Martin Clifton, Alicante

    My transaction sometimes wasn’t the easiest but José went out of his way to deal with any difficulties and always explained things clearly and concisely. He was proactive and always kept me in touch with how matters were proceeding.


    Dec 05, 2019
  • Robert Stevenson
    Robert Stevenson, Palma de Mallorca

    Rosa is a very likable person, very competent and completely knowledgeable. We will definitely be in touch with her again as and when we need professional help in Mallorca.


    The service was first class and would be hard to improve!


    Oct 03, 2019
  • Charles Wilson (Benidorm)
    Charles Wilson (Benidorm)

    Juan is simply the best. He has helped me so much. 100% recommend to any one thanks Juan!!!


    Apr 26, 2018
  • Graham & Josephine Flinders
    Graham & Josephine Flinders, UK

    Rosa is a excellent lawyer and a extremely nice person, very efficient and helped us though the sale of our apartment.


    It all went very smoothly and it was mostly down to Rosa who dealt with anything that came up in a very professional manner. Rosa explained all what was happening in English and always returned our calls with any answers to our questions.


    Her fees are very very reasonable and we felt we got real value for money, we cannot recommend Rosa enough.she is a throughy nice approachable person.We would not hesitate using Rosa again and have recommended her to other people in majorca.


    Oct 26, 2017
  • YS
    YS, Dubai

    Very Professional. Excellent attitude.


    Reasonable price. Good attention to details.


    Jun 16, 2017
  • Eric Blair Russell
    Eric Blair Russell, Canada

    My lawyer was efficient, professional and prompt – as well as being bilingual.


    I was very satisfied with his work and would be happy to use his service again in the future.


    May 25, 2015
  • Trevor Taylor
    Trevor Taylor, England

    I was put at my ease straight away, never hiring a Spanish lawyer before, I was cautious, but Francisco guided me through the process effortlessly.I thought my case would be tricky and I on my own would never have completed without him. He was a star.


    I have recommended him to some friends of mine who want to sell their business. As for value for money, he was spot on, and very approachable .Full marks from me.


    Aug 22, 2014