I am a non Spanish resident. Is there a substantial difference between selling my Spanish property to a non-resident relative or giving it to him/her as a gift?

Yes, there is. While the selling route brings a tax for the buyer to pay of a 7% of the price plus around 2%-3% of additional expenses, the donation has a much bigger tax coefficients fot the recipient to pay: approx. 18% to 34% as per a scaled proportional gradation depending on the property’s market value, plus additional expenses similar to the ones of the sale.

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