Changes to Capital Gains Tax for Non Residents
As of 1st January 2007 the Capital Gains Tax rate for non residents in Spain is 18%, down from the previous 35%.
This change now makes the Capital Gains Tax the same for both residents and non residents.
The withholding tax that must be paid by a non resident seller has also decreased accordingly to 3% (down from 5%). This withholding tax is in place as a Capital Gains Tax liability.
