Exemptions From Capital Gains Tax in Spain

Capital Gains Tax in Spain is payable on the profit from the sale of certain assets in Spain, including antiques, art and jewellery, stocks and shares, property and businesses. Residents over 65 are exempt from this tax on the profit made from the sale of their principal home, irrespective of how long they have owned it. Importantly the Spanish Tax Office defines "a principal home" as the place where you have lived permanently for at least 3 years; thus residents below 65 are exempt from CGT on the profit made from the sale of their principal home, provided that all the profit is invested in the purchase of another principal home in Spain within two years of the sale.

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