3% retention tax

Information and questions about the Law in Spain and Andalucia.
Miro
Andalucia Guru
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Location: Merseyside, formally Torremolinos

Re: 3% retention tax

Postby Miro » Fri Sep 29, 2017 7:26 pm

I believe Capital Gains Tax is 19.5%
Don't worry about what people think, they don't do it very often

"Acquiring a dog may be the only opportunity a human ever has to choose a relative," Mordecai Siegal 1935-2010.

El Cid
Andalucia Guru
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Joined: Sun Oct 24, 2004 10:42 pm
Location: La Herradura, Costa Tropical, Granada

Re: 3% retention tax

Postby El Cid » Fri Sep 29, 2017 8:26 pm

The gift tax rates are the same as the IHT rates. CGT is entirely different and go in bands of 19% 21% and 23%.

It’s more than 10 years since it was 35%

Sid

Miro
Andalucia Guru
Posts: 3266
Joined: Tue Feb 27, 2007 8:20 pm
Location: Merseyside, formally Torremolinos

Re: 3% retention tax

Postby Miro » Thu Oct 05, 2017 2:34 pm

I'm really not sure, and I did once ask at Hacienda and got varying answers the more people I asked - but from the info I have at hand, for non-residents at least (which this thread pertains to since it's about the 3% retention) since 2016 the CGT rate has actually been 19% (it was 19.5% between 2015-2016). But I could be wrong....
Don't worry about what people think, they don't do it very often

"Acquiring a dog may be the only opportunity a human ever has to choose a relative," Mordecai Siegal 1935-2010.


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