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Capital Gain Taxes

Capital Gain Taxes

3. Owners before the change

Still for some years to come, the most common case will be that an owner bought his property before 9th of June 1996. So, we have another and more complicated calculation to find the capital gains, for when that owner sells now.

If your only title deed to the property dates from before 31st December 1986, meaning more than 10 year before the new legislation took fiscal effects, there are no capital gains. You need not bother with the calculations at all. But if you bought (again meaning signed your purchasing escritura) after 31st December 1986, you have to pay the capital gains tax.

 

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