When you sell a house in l'Escala, you must take into account that there are some taxes that you will have to pay in order to make the sale process viable. It is very important that you are aware of the taxes because they will influence the net money you will have left when you decide to sell your house in l'Escala.
Taxes for selling a house in l'Escala: IBI
It is compulsory to present the last IBI receipt when you decide to sell a house in l'Escala.
It is a tax that is levied on the ownership of the property and is paid annually by the owners. Normally, it is agreed in the deposit contract how the tax is going to be paid for the year when the house is being sold. It is usually paid by the seller or prorated between buyer and seller according to the date of sale.
Taxes for selling a house in l'Escala: municipal capital gain
The municipal capital gains tax is a tax on the gain obtained on the sale of a house in l'Escala. The capital gains tax is paid to the town council of l'Escala and you have 30 days from the date of the sale to pay it.
It is important to note that in order to calculate the capital gains tax we will need to know the cadastral value of our house for sale in l'Escala and the coefficient applied in the municipality where the property is located, as it varies depending on each council.
Taxes for selling a house in l'Escala: IRPF
When your house in l'Escala has been sold, it is important that you include the amount you have sold it for in your income tax declaration.
As with the municipal capital gain, if you have made a gain between the value at which you bought the property and the value at which you sold it, you will have to pay tax on this gain.
It is important that you take into account the expenses that you can deduct from this gain: the fees of the real estate agency in l'Escala that has provided you with their services, the municipal capital gain, etc.
This tax is only paid if you are resident in Spain.