Fees etc when selling a property

Hi 

Get an estate to value the property but if there was any similar properties sold recently that matched yours then that should give you reasonable idea. Best for any capital gains tax to sell furniture separately. Really depends on whether you are resident in Spain and what age you are and if it's your second home.

Fees will include capital gains tax which if you have had any modifications, improvements to the property you can offset this if you have paid vat on bills. Also there is a plusvalia land tax which depends on how long you have had your property, maybe someone like a Gestoria to tie all your loose ends up eg residentia, padron, personal tax but it really all depends on your situation

Hope it helps a bit to give you an idea as don't know your exact position 

And of course estate agents fees which can vary quite a lot 

Hi

We are in a similar situation.  You will be looking at the following costs:

Between 3% - 4% in Estate Agent fees based on the total cost of the property sold

1% to the Solicitor based on the total valve of the villla sold

Capital Gains Tax - this is based on the profit you make from when you bought the villa to when you sell it eg, you buy a property for €200,000, and sell it at €300,000 your CGT will based on the €100,000 profit made.  If you make up to €50,000 profit you will be taxed at 21%, anything over will be 23%.

If you reinvest in another property ANYWHERE within the EU which is your primary residence then my understanding is that you dont pay CGT, but only if you remain in that property for 3 years or more.  I've also read that you will only pay a percentage of that CGT if you were to to downsize and what the value of that property was (confusing I know!!!)

If you sell up and move outside the EU, you will have to pay the CGT regardless

Hope this helps

Capital gains tax is not paid if it's your primary residence and you are over 65 and have been in the property for at least 3 years