Capital Gains Tax (Effective) in Spain compared to Europe
|Bosnia & H.||10.00%|
Spain: Capital gains taxes (%).
In arriving at effective capital gains tax rates, the Global Property Guide makes the following assumptions:
- The property is directly and jointly owned by husband and wife;
- They have owned it for 10 years;
- It is their only source of capital gains in the country
- It has appreciated in value by 100% over the 10 years to sale
- The property was worth US$250,000 or 250,000 at purchase.
- It is not their sole or principal residence.
These assumptions are critical. In many countries a holding period of less than 5 years results in capital gains being taxable. But a longer holding period often results in no capital gains tax being payable. For more details see the Data FAQ
Source: Global Property Guide Research, Contributing Accounting Firms
Spain publishes good house price statistics. The Banco de España holds good quarterly house price time series for a range of areas and housing types, generated by the Ministerio de Fomento (Ministry of Infrastructure and Urban Planning). TINSA, a private entity, publishes a monthly house price index. General economic statistics are available from the Instituto Nacional de Estadistica.