Selling your property in Spain

  • Red Rose Property Spain by Red Rose Property Spain
  • 6 months ago
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Selling your property in Spain

Selling your property in Spain.

Selling your property in Spain, what to expect ? We get asked many times what the costs are for buying a property in Spain. When buying a Spanish property there are both costs for the buyer and seller. However, there are uncertainties as to which costs belong to the buyer and which to the seller. Let’s try to explain this for you.

Costs for selling a property in Spain

  • Agency commission
    (between 3%-6%). Red Rose Property Spain charges you 4% plus IVA ( 21% tax ) and in this price is included the legal fees for the seller ( normally 1% )
  • Capital gains tax
    (variable 19%,21%,23% for 2024)
  • Income Tax Provision (Retención
    (3% non-residents only)
  • Energy certificate
    (between 100-500 euros)
  • Plusvalía

Selling your property in Spain, the explanation of the costs.

As a Real Estate Agency we want to clarify as much as possible what to expect when selling your property in Spain.

Agency Commission (Seller)

When you sell a property in Spain through a Real Estate Agency you will have to pay a commission fee. Estate agents usually charge around 5% of the final sales price plus 21% IVA commission in Spain. The seller can deduct the Agency commission fee from his capitals gains tax.

Capital gains tax (Seller), this is the amount of profit you made by selling your property in Spain.

  • 19% for the first 6.000 euros
  • 21% from 6.000 and 50.000 euros
  • 23% from 50.000 onwards

There are exceptions when the seller does not have to pay capital gains tax and that is when the sellers of the property are older than 65 and have lived there officially for at least the last 3 years.

All official invoices relating to the purchase of the property, such as refurbishing, notary expenses, lawyer expenses, and estate agency fees can be deducted from the capital gains tax.

Income Tax Provision for non-residents – Retención (Seller)

If the seller is not a Spanish resident he has to pay a 3% income tax provision or retención in Spanish which goes directly to the tax office to cover any taxes resulting from the sale. However, the seller can claim for a refund if he believes that his tax liability is less than 3%.

Energy certificate (Seller)

 From June 1, 2013, by Spanish law all property owners who want to sell or rent out their property need an energy certificate. These certificates must be issued by a qualified certifier, such as architects, surveyors or technical house engineers. The costs for such a certificate may vary on the size of the property and can be between 100 and 500 euros. The invoice for this certificate can also be deducted from the capital gains tax.

Plusvalía (Seller)

The plusvalía is a tax over the increase of the value of the ground the property is on. This is paid to the local town hall. The plusvalía is calculated on the basis of 3 factors: The period of ownership, the location of the property and the cadastral ground value.The plusvalía tax can easily be requested at the town hall where the property is located.
By law, the plusvalía tax should be paid by the seller.

Legal costs (Seller)

As seller you need a lawyer who will take care of all problems that might occur when selling your property in Spain. Red Rose Property Spain will pay all legal fees when selling your property in Spain. The legal fees for the seller are included in our commission.

Selling your property in Spain

Red Rose Property Spain, your Real Estate Agency in Spain. We are here helping you to make your dream come true.

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