What is capital gains tax when selling property in Spain?

The so-called “speculation tax” in Spain is not a separate tax. It forms part of the income tax on capital gains and applies when a property is sold at a profit. The taxable gain is calculated as the difference between the purchase price and the sale price, minus certain deductible costs.

Especially on the Costa del Sol – in areas such as Marbella, Málaga, Estepona or Benahavís – property values have risen significantly in recent years. As a result, capital gains tax often becomes a key issue only at the moment of sale.

Mike Naumann Immobilien helps sellers realistically assess their tax exposure and plan ahead.

Example calculation: capital gains tax on a house sale

Example: Detached house in Marbella
Purchase price (2016): €350,000
Sale price (2025): €550,000

Profit: €200,000
Deductible costs (notary, taxes, renovations): €30,000
Taxable gain: €170,000

Tax (19%): approx. €32,300
Additional withholding: 3% of sale price = €16,500 (credited against final tax)

Mike Naumann Immobilien coordinates tax advisors and gestores if required, ensuring sellers do not pay unnecessary taxes.

Capital gains tax vs. municipal plusvalía

Many sellers confuse capital gains tax with the municipal plusvalía tax. These are two completely different charges:

• Capital gains tax: tax on the actual profit made
• Plusvalía: municipal tax on the increase in land value

In cities such as Málaga or Marbella, plusvalía can be significant. Mike Naumann Immobilien informs sellers about both taxes well in advance.

Conclusion: plan capital gains tax correctly

Capital gains tax is one of the most important cost factors when selling property in Spain. With early planning, correct calculation and professional guidance from Mike Naumann Immobilien, risks can be minimised and profits protected.