Did you know that Non European Citizens can obtain a Residency Visa if they purchase a property in Spain? Not only can this be obtained by investing in property but also there is the possibility of investing in public debt or a bank deposit account. Residence Permit Property– A property would have to be purchased […]
EU Non Residents are taxed 19% on profit and Non Residents outside the EU (except Norway and Iceland) are taxed 24% on income (no expenses can be deducted). The property management agency (if registered in Spain) is responsible for the payment of their clients income tax so will therefore retain 19% or 24% of the […]
Spanish capital gains tax is complex. It is paid by tax residents of Spain on their worldwide assets and by non-residents on property that they own in Spain.
Capital Gains Tax Rates on sale or transfer of assets (except property).