Costs of Selling Your Property in Spain – Residents

If you’re a resident planning to sell your property in southern Spain, it’s important to be aware of the costs and taxes involved. This guide is designed to help you understand what to expect so there are no surprises. If you’re a non-resident, please click here for the relevant guide.

Capital Gains Tax (CGT)

Capital Gains Tax is based on the increase in value (profit) during your ownership.

• For EU residents, the rate is 19% of the profit.
• For non-EU residents, the rate is 24%.

You can deduct purchase and selling costs — including fees, taxes, and improvements (with valid facturas) — from your profit.

Residents aged over 65 who are selling their main residence (owned and lived in for at least 3 years) are exempt from Capital Gains Tax.

Plusvalía Municipal Tax

This local tax is charged by the Town Hall based on the “official” increase in land value.

• It applies regardless of actual market conditions.
• There’s no exemption for sellers over 65.

We can help you calculate your Plusvalía liability — we’ll just need your purchase date and a recent IBI receipt.

Note: The calculation method is currently under legal review. Your lawyer can advise whether a refund is possible.

Selling Costs

• Agency fees: 5% + IVA, payable only upon successful sale
• Legal fees: Typically 1% + IVA (negotiable for higher-value properties)

We operate on a No Sale – No Fee basis. If you withdraw your property from the market, you owe us nothing.

Mortgage Cancellation Costs

If you still have a mortgage — or had one that wasn’t formally cancelled — you’ll need:

• A bank-signed release at the Notary
• Approximate costs: €500 to €1,000
• Possibly a redemption fee depending on your lender

Bring this up with your lawyer early to avoid delays.

What to Prepare

To ensure a smooth sale:

• ✅ Gather your Escritura or Nota Simple
• ✅ Include your latest IBI and Basura receipts
• ✅ Confirm mortgage status and potential fees
• ✅ Instruct your lawyer early to check documentation

If you don’t yet have a lawyer, we’re happy to recommend one.

Need Help?

We’re here to help. Call us on (0034) 952 90 52 00, WhatsApp us, or email us. We’ll guide you through every step.