Imputed Income Tax & Capital Gains Tax in SpainImportant Changes for 2015

Exemption from Capital Gains realised from the sale of a residential property in Spain for reinvestment in a principal private Spanish property for EU, Icelandic and Norwegian residents, where the capital gain was realised from 1st January 2015:

For those taxpayers who are resident in a European Union country, or resident in the European Economic Area, where there is an effective exchange of personal tax data, any capital gain resultant from the sale of what was their principal private residence in Spain may be excluded from taxation whenever such gain is reinvested in a new principal private residence.

When the amount reinvested is less than the amount realised by the sale of the previous property, only that part of the capital gain that was reinvested shall be exempted from capital gains tax. If the reinvestment took place before the tax falls due to be paid, either fully or partially, this will be taken into account at such time as the tax falls due.

According to Art 33.4 of the Ley Impuestos de la Renta de las Personas Fisicas, the exemption from this tax  for those over the age of 65 applies to non-residents.

Related Services

20 Lawyers Offering Non-Resident Property Tax (IRNR) Services in Spain

Testimonials for our Non-Resident Property Tax (IRNR) service
  • Bart Cuyvers
    Bart Cuyvers, Belgium

    The service we received was perfect!


    Dec 20, 2017
  • Nada Fairris
    Nada Fairris, Fuengirola

    100% Responsive, understanding, value for money, approachable, professional and very efficient.


    Thank you Ana Belèn.


    Sep 01, 2017
  • Laura Waites
    Laura Waites, UK

    Communication was fluid and time was always taken to clarify anything we needed. The process would have been quite stressful without the support and timely responses from Cristina.


    I would highly recommend to anyone buying a property in Spain.


    Mar 08, 2016
Send Your Enquiry
Are there public holidays?

Enquiry sent. Thank you!

Please fix errors