• Tenerife International Business Centre SL
  • Calle Cándida Peña Bello 8
  • 38631 Las Galletas (Santa Cruz de Tenerife)
  • 922 730 210
  • 0034 637 838 718
  • Contact Us
Advanced Search
How to avoid paying capital gains tax on your sale

How to avoid paying capital gains tax on your sale

19 10 - 2018

New changes to Transmissions of assets for fiscal residents of Spain over the age of 65.

There has been a reform in the law whereby fiscal residents of Spain over the age of 65 may invest the amount of capital gains tax due after the sale of their proeprty (or any other assets) in to a lifetime savings plan which can pay them back on a monthly, quarterly, bi annually or annual basis.

The reform includes a new case of exclusion of taxation of capital gains that are due as a result of the transmission of assets (not necessarily real estate) by tax payers over the age of 65, provided that the amount (total or partial) obtained from the transfer is deposited within a period of six months to a life annuity plan (savings plan), under the conditions that are determined by this law. The total maximum amount that can be allocated is 240,000 Euros. We have a specific savings product which has been created for this purpose by Liberty Seguros.

Should you require any further information or for us to investigate your indivudual case more thoroughly, contact Tenerife International Business Centre SL and find out how you can avoid (and NOT "evade") capital gains tax.

avoid-capital-gains-tax-spain

FAQ's - Questions we can help you with

1. Do I need to pay Capital Gains Tax when I sell a property in Spain even if I am under 65 years of age?

2. Do I need to pay capital gains tax if I reinvest in another property in Spain or abroad?

3. How long do I have from the date of sale to reinvest so I don't have to pay capital gains tax?

4. What is the difference between capital gains tax and Plusvalia?

 

HOW TO CONTACT US

Email: info@tibc-sl.com

Telephone: 0034 922 730 210

Electric Scooter insurance

Electric Scooter insurance

03 07 - 2024

Navigating the Roads Safely: Generali Scooter Insurance for Electric Scooter EnthusiastsIn the age of micro-mobility, electric scooters have rapidlygained popularity as a convenient and...

more
10 ideas to combat this heat at home

10 ideas to combat this heat at home

27 07 - 2022

10 ideas to combat the heat in your homePhotograph from the eltiempo websiteIf thehouse accumulates too much heat, it becomes unbearable to rest or becomfortable. For this reason, whether we have...

more
New news in Tenerife

New news in Tenerife

22 07 - 2022

NewsFOREST FIRE IN TENERIFEThe forestfire in the Los Realejos area we spoke about yesterday is now reported toaffect 500 hectors, more then 100 people have been evacuated 60 of which areminors....

more
New Taxes for 2019

New Taxes for 2019

05 11 - 2018

The Government has launched a range of tax increases for 2019 of 5,678 million euros that will impact especially on companies, individuals and investors, with increases in Corporate Tax, Income...

more
Calle Cándida Peña Bello 8
38631
Las Galletas (Santa Cruz de Tenerife)
  • Tenerife International Business Centre SL
  • Calle Cándida Peña Bello 8
  • 38631 Las Galletas (Santa Cruz de Tenerife)
  • 922 730 210
  • 0034 637 838 718

© Tenerife International Business Centre SL 2024

Legal Notes