Spanish Capital Gains Tax Explained
Spanish Capital Gains Tax Explained
Spain has a capital gains tax that is applied to the sale of assets, such as property or investments. The capital gains tax rate in Spain varies depending on the type of asset and the length of ownership. In this article, we will explain the capital gains tax brackets in Spain, including regional variances.
Capital Gains Tax in Spain
The capital gains tax in Spain is applied to the sale of assets, such as property or investments. The capital gains tax rate in Spain varies depending on the type of asset and the length of ownership. The following table shows the capital gains tax rates in Spain for the 2023 tax year:
Asset Type | Tax Rate |
| Property | 19%-23% |
| Investments | 19%-23% |
It is important to note that the above tax rates are the national tax rates. The regional governments of Catalonia and the Basque Country have their own capital gains tax rates.
Regional Variances in Capital Gains Tax
As mentioned, the regional governments of Catalonia and the Basque Country have their own capital gains tax rates, which means that they have different tax brackets. The following table shows the capital gains tax brackets in Catalonia and the Basque Country for the 2023 tax year:
Catalonia Capital Gains Tax Bracket | Tax Rate |
| Up to €6,000 | 19% |
| €6,001-€50,000 | 21% |
| Over €50,000 | 23% |
Basque Country Capital Gains Tax Bracket | Tax Rate |
| Up to €6,000 | 20% |
| €6,001-€24,000 | 21% |
| €24,001-€50,000 | 23% |
| Over €50,000 | 25% |
It is important to note that the above tax brackets and rates may change from year to year. It is also important to consult with a tax professional to ensure that you are aware of your tax obligations and are taking advantage of any available deductions or exemptions.
The capital gains tax in Spain is applied to the sale of assets, such as property or investments. The capital gains tax rate in Spain varies depending on the type of asset and the length of ownership. It is important to be aware of the capital gains tax brackets and rates in order to make informed decisions about your finances and plan accordingly. If you are unsure about your tax obligations in Spain, speak to a Chorus adviser today who can provide guidance and advice.
Qualified & Regulated Advice
Contact Chorus Financial today for a free, no obligation call with a qualified Financial Adviser in Spain. Provide brief information on what you need help or advice with, and let us know what part of Spain, or elsewhere, you are based in so we can assign the best Spanish based financial adviser for you.