Tax break for second-hand homeowners in Spain

LAST UPDATED: 13 Nov, 2014 @ 13:32
Tax break for second-hand homeowners in Spain

PROPERTY owners selling second-hand homes have been given a break by the Spanish Government’s new tax reforms.

An amendment to the Income Tax bill will see sellers pay less tax and receive more money for their homes.

The Ministry of Finance approved the Partido Popular’s bill amendment to reduce capital gains tax rates for homes under €400,000.

The bill comes into effect on January 1, 2015.

Subscribe: Olive Press news to your inbox


The Olive Press are not responsible and do not moderate individual comments before they are posted. Anyone who uses racist, sexist, homophobic or xenophobic language or hate speech will be blocked.
  1. Probably be irrelevant anyway. Buyers will be aware of sellers reduced tax liabilities and will lower their bids accordingly.
    It might ease the pain of selling (and buying) a bit though.