PlingTalk

News around Europe, Spain has changed its Tax Laws to come in line with the rest of Europe. Before, non-residents and residents were taxed differently with respect to capital gains when they sold their Spanish property. Now everyone, irrespective of residency, is charged the same rate of 15% on any gain made on the purchase and subsequent sale of the property, a move that has been welcomed by everybody living in the country both Spaniards and foreigners alike.