15 Feb AS AN OWNER OF A PROPERTY IN SPAIN FOR MORE THAN 20 YEARS, WIL I BE EXEMPT FROM ANY CAPITAL GAINS TAX IF I SELL IT?
No, you will not, I am afraid. From January 20, 2006 there is no exemption from capital gains tax for property sellers. Those long-term proprietors who bought before 1986 had privileges of reduction which reduced their tax to zero after 10 years. At the present,...