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View Full Version : Tax What is the tax rate on selling property in Tenerife?



Unicorn
18-06-2011, 19:38
Can anyone tell me what percentage of tax is payable when selling your main residence. Is there any discount for residents who have owned for more than 10 years ? Or any discount for pensioners ?

I have heard all sorts of amounts from different sources, but nobody seems to know the exact amount.

Any help will be appreciated.

Thanks.

Goldenmaniac
21-06-2011, 16:05
I have heard all sorts of amounts from different sources, but nobody seems to know the exact amount.
.
That's because no one size fits all - you need to know the specifics to answer the question properly.
However there is some basic info here http://www.diana-mcglone.com/#CapitalGains