How is the gain calculated?

Sale price minus original purchase price minus allowable purchase/sale costs and improvements.

Can foreigners buy property in Spain?

Yes. There are no restrictions on foreigners buying property in Spain. You'll need an NIE number and a Spanish bank account; that's it.

No. Many buyers on the Costa Blanca are non-residents who use their property as a holiday or rental home. Residency only matters for tax purposes.

How capital gains tax works for residents and non-residents selling Spanish property.

Non-residents: flat 19% (EU) / 24% (non-EU). Residents: 19–28% sliding scale.

Residents over 65 selling their main home are fully exempt. Under-65 residents can defer by reinvesting in another main home.

Buyer withholds 3% of the sale price and pays it to the tax office as an advance on your CGT.

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