Taxes
Spain — Tax: Capital Gains
Spain's savings income base (base del ahorro) taxes investment gains (stocks, crypto, dividends, interest) progressively: 19% up to €6,000, 21% to €50,000, 23% to €200,000, 27% to €300,000, and 28% above that. Primary residence sale gains are exempt if fully reinvested into a new primary residence within 2 years. Taxpayers 65+ are exempt entirely on primary residence sales, and exempt up to a €240,000 lifetime cap on secondary assets/investment portfolios if proceeds go into a qualified life annuity within 6 months. Non-resident capital gains (IRNR) are taxed flat: 19% for EU/EEA residents, 24% for third-country nationals; when a non-resident sells Spanish real estate, the buyer must withhold 3% of the purchase price and remit it via Modelo 211 as an advance payment.
Key facts
- 2026 progressive savings-income brackets: 19% (to €6,000), 21% (to €50,000), 23% (to €200,000), 27% (to €300,000), 28% (above).
- Primary residence sale gains are exempt if fully reinvested into a new primary residence within 2 years.
- Taxpayers 65+ are fully exempt on primary residence sales, and exempt up to €240,000 lifetime on other assets if reinvested into a life annuity within 6 months.
- Non-resident capital gains: flat 19% for EU/EEA residents, 24% for third-country nationals.
- When a non-resident sells Spanish real estate, the buyer must withhold 3% of the purchase price and remit it via Modelo 211.