3 Tricks to Save Thousands in Taxes When Selling Your House (And How to Secure Your Next Purchase)

Buying or selling a property in Spain is one of the biggest financial decisions you'll make. If you don't inform yourself properly beforehand, the Spanish Tax Agency can take a huge chunk of your profits.

To stop you from getting crushed by taxes, today we are sharing three completely legal and highly effective ways to save money when selling your home:

1. If you inherit a house to sell, be careful with the deed value

Do not simply use the minimum reference value on the inheritance deed. Declare a value that closely reflects the actual price you plan to sell it for in the near future. This way, when you do sell, the difference between the acquisition value and the sale price will be minimal, and you won't have to pay a fortune in capital gains tax.

2. Divorces and separations: avoid standard sales

If you have divorced or separated and want to buy out your ex-partner's share of the house, do not do a standard sale and purchase agreement. If you do, you will have to pay the Property Transfer Tax (ITP), which ranges between 7% and 10% depending on the region.

The solution: do a Dissolution of Joint Ownership. With this procedure, you will only have to pay Stamp Duty (AJD), which is usually around 1% to 1.5%. The savings are massive.

3. Primary residence reinvestment exemption

This is highly important: if you sell your primary residence to buy another primary residence and reinvest all the proceeds from the sale into the new home, you will not have to pay any capital gains tax.

Furthermore, if you are over 65 years old, you are completely exempt from paying this tax when selling your primary residence, regardless of whether you reinvest the money or not.

You've saved on the sale... Now, get the best mortgage before buying

Knowing these tax tricks is vital, but when it is time to take the leap and buy your next house, financing is the biggest hurdle. Going from bank to bank wastes time and energy, and usually, they will only offer you up to 80% financing.

This is where Hogar Global steps in.

On our platform, we do not just give you the best real estate advice. By registering, you will get access to our exclusive section where you can get the best mortgage quickly and easily, supported by a Specialized Mortgage Broker.

Why use the Hogar Global Broker?

Up to 100% financing: Thanks to our banking agreements and high volume of operations, we achieve what an individual usually cannot.

Solutions for all profiles: Whether you have a DNI or a NIE, at Hogar Global, we analyze your profile to get you the best conditions and interest rates.

Expert guidance: We coordinate a direct strategic call via phone or WhatsApp with your broker to lock in the best financing offer before you commit to buying a house.

Do not let taxes eat up your savings, and do not let the bank dictate your terms.

Register for free at Hogar Global today, activate your Premium access, and secure your dream financing with our expert broker.

Platform audited by a real estate expert.