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WHAT ARE THE DEDUCTIBLE COSTS FOR CAPITAL GAINS TAX WHEN SELLING PROPERTY IN SPAIN
Deductible costs when selling property in Spain
Purchase costs (increase the purchase value)
• Taxes paid at the time of the original purchase (such as VAT, Transfer Tax, or Stamp Duty).
• Notary fees associated with the purchase deed.
• Fees for registration in the Land Registry.
• Legal fees of the lawyer or gestor for handling the purchase.
• Costs for necessary renovations, improvements, or extensions to the property (repairs or maintenance costs do not count).
Sale costs (reduce the sale value)
• Real estate agent's commission for the mediation of the sale.
• Legal fees and lawyer's fees for the guidance of the sale.
• Costs for the mandatory Energy Performance Certificate (EPC).
• Costs for the Certificate of Occupancy (Cédula de Habitabilidad), if applicable.
• The municipal capital gains tax (Plusvalía Municipal), if paid by the seller.
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