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FOR SALE HOMES AND OTHER PROPERTIES WITH DISCOUNTS OF UP TO 64%
21st July 2023 -
EXCHANGE HOUSE IN SUMMER TO SAVE ON VACATIONS: WHERE YOU CAN DO IT AND TIPS
20th July 2023 -
WHAT IS THE CHEAPEST WEEK TO TRAVEL THIS SUMMER?
19th July 2023 -
23J ELECTIONS: HOUSING ANALYSIS AND PROPOSALS
16th July 2023 -
HE SALE OF HOMES MODERATES ITS FALL: IT DECREASES BY 6.4% IN MAY, ITS FOURTH CONSECUTIVE MONTH OF DECLINES
14th July 2023 -
THE RENTAL PRICE IN EUROPE MODERATES IN THE SECOND QUARTER
10th July 2023 -
SMALL HOUSES: 12 IDEAS TO DECORATE YOURS AND THE 5 BEST INTERIOR DESIGNERS' TIPS
9th July 2023 -
WHAT TO DO IF YOUR HOME IS OCCUPIED WHILE YOU'RE ON VACATION?
8th July 2023 -
HACIENDA ISSUES A NOTICE TO ALL HOMEOWNERS
7th July 2023 -
BEST MORTGAGES | JULY 2023
6th July 2023
HACIENDA ISSUES A NOTICE TO ALL HOMEOWNERS
7th July 2023Selling a property involves expenses such as municipal capital gains tax and payment of taxes to the tax authorities for the capital gains in the income tax return. Income tax is applied to the sale of properties and is paid in the following year's tax return based on the capital gains. However, there are exemptions. If the money from the sale is used to purchase a new primary residence, it is possible to avoid paying income tax by meeting requirements such as having resided in the sold property for at least three years and inhabiting the new property within twelve months. Individuals over 65 years old are also exempt from paying income tax on the sale of their primary residence, without the need to reinvest the money. If the sold property is a second home, they can avoid payment if they use the money to establish a life annuity within the established timeframes and amounts. Additionally, if the property has been transferred in lieu of payment, exemption can be enjoyed if there are no other sufficient assets to pay the mortgage debt.