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.
Why sell with Hogar Global?
Sell your property with strategy, security, and results.
At Hogar Global, we turn the sale of your property into a smooth, transparent, and profitable process. We analyze the true market price, study the feasibility of the transaction, and design a tailored strategy so you can sell in the shortest time possible and under the best conditions.
But we go far beyond simple intermediation: we advise you on everything related to taxes, documentation, and paperwork, anticipating the costs, taxes, and key steps before you sign. That way, you can make decisions with clear information and without last-minute surprises.
To get started, all you need to do is register on Hogar Global and go to the “We Buy Your Property” or “Sell Your Property” section. From there, you can send us your contact details and the basic information about the property so our team can contact you and assess the best option for you.
If you want to sell well, save time, and have an expert team by your side from start to finish, Hogar Global is the partner you need.
Register, go to “We Buy Your Property” or “Sell Your Property,” and send us your details to get started.
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