If you are selling a property in Valencia then you need to know what capital gains tax you may be liable for. This is especially true if you are a non-resident seller as the numbers can get complicated at times due to a misunderstanding of what the 3% retention applied at the notary involves.
In order to help you estimate your potential capital gains liability we have put together this calculator in the same way that we put together our purchase costs calculator here.
Considerations
There are a few things to bear in mind here as every person's situation as regards their tax liability is different but we have taken into consideration the main differences such as whether you are a resident, a non resident but EU citizen or a non-resident, non-EU citizen as each case is different. The calculator makes no distinction for age, primary residence or secondary or any allowances you may have personally. Take this as a worst case scenario.
Equally, we have only included details in the calculator below of capital gains tax. Other seller costs such as the local municipal gains tax (Plusvalia Municipal) agency fees, energy performance certificate etc... will be detailed in our upcoming article on Monday next week. Make sure to come back here for that. This page just has the calculator to play with and for information purposes.
The Sales Tax Calculator
So below what you need to do is fill in the boxes with your numbers.
- Start with the type of seller you are resident/non resident etc...
- The next step is to put in the selling price.
- Next put in the purchase price as stipulated on the original deeds (Yes, on the deeds. You cannot include anything you may have given in B like so many people did in the early 2000s).
- Onto this add your purchase costs. The tax you paid (ranging from 7-10%), the notary costs (You can find this on your final deed) and any other costs such as agency fees (You will need the original bill with VAT in order to do that part which is difficult to find if you have had the property for a long time)
- Next add on any documented capital improvements made to the property that you can justify. You will need to have the bills and payments from builders, solar energy companies etc... Remember not all improvements can be offset but many can as long as you paid by bank transfer against a bill with VAT. If you haven't got any or don't know just put a zero.
- Finally add in your selling costs: Agency fee plus VAT, notary registry and gestor.
Property Sale Tax Estimator
Use this tool to estimate the capital gains tax on a Spanish property sale. It distinguishes clearly between Spanish residents, EU or EEA non-residents, and non-EU non-residents, and it also shows the 3% withholding for non-resident sellers.
| Gain band | Rate |
|---|---|
| €0 to €6,000 | 19% |
| €6,000 to €50,000 | 21% |
| €50,000 to €200,000 | 23% |
| €200,000 to €300,000 | 27% |
| Over €300,000 | 28% |
Calculation breakdown
| Item | Amount | Notes |
|---|---|---|
| Net sale proceeds before tax | €0 | Selling price minus selling costs. |
| Total acquisition base | €0 | Purchase price plus buying costs and improvements. |
| Estimated taxable gain | €0 | If negative, no capital gains tax is shown. |
| Estimated capital gains tax | €0 | Depends on the selected taxpayer type. |
| Estimated cash after CGT | €0 | Illustrative only. |
Important note
This estimator is designed as a practical guide, not formal legal or tax advice. It does not calculate plusvalía municipal, main home exemptions, reinvestment relief, over-65 exemptions, inherited property adjustments, partial ownership issues, or cross-border credit treatment.
This version embeds the logo directly in the file so it should render reliably when moved or embedded.
The Findings
Once done you will see various numbers under the calculation button.
- First is the estimated capital gain. The calculations after that are based on this number
- The estimated capital gains tax is the amount you will have to pay out of that capital gain. It depends on your situation of residency and whether you are an EU or EEA national or not.
- The 3% withholding amount is only for non-residents and this is the amount that will be kept back at the notary as is the obligation of the buyer in lieu of tax payment.
- The final number is what you will have left after your CGT payment. Of course this does not include any mortgage repayment or the plusvalia municipal but it should give you a rough idea.
An Example With Numbers
To give you an example if a property is sold for 400k and your Capital Gains Tax bill is 20k, 3% has already been kept back at the notary which is 12k. You would receive an extra tax bill of 8k after a month or so to make up the 20k full tax bill. (This is why non-resident sellers need to name a Spanish tax representative at the notary as that person will receive this notification and pass it onto you) Importantly, remember you will not get an extra bill for 20k. 12K has already been deposited.
On the other hand if your CGT bill were to be just 5k, you have already deposited 12K so you would be able to claim back 7k from the tax authorities. You can do this yourself or use a service to get this back. It takes time but is a reliable service. Bear in mind if you are doing this you cannot close your Spanish bank account even if leaving the country as the tax authorities need an account to deposit the money into.
If you sell at a loss then no CGT is due but the buyer/notary still has to deposit the 3% with the tax authorities and then you need to claim it back.
Calculating Final Cash Amounts
In order to calculate the final amount you will receive you need to take the estimated cash after CGT amount and deduct your mortgage closing amount if you have one (Provided by your bank) and your plusvalia municipal amount. This is not usually a large amount unless you have had a large villa for many, many years.
If You Want To Sell Your Valencia Property
If you are looking to sell your Valencia Property then get in touch with us to get a free valuation and assessment. Of all of the properties we were given to sell last year we sold over 90% of them, many in a very short time. You can read more about our services here or by clicking on the image below.
Check Out Our Purchase Cost Calculator
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