Summer in Tenerife brings long sunny days, warm evenings and a well-earned slower pace for most residents. It’s a good time to unwind — and, if you’re planning to sell your property in Tenerife later in the year, it’s also a good time to prepare. Many owners assume any month is as good as another…
If you’re a non-resident planning to sell your property in Tenerife, one tax question comes up more than any other: “What is plusvalía, and how much will it cost me?” It’s a fair question, because plusvalía municipal is often confused with capital gains tax, with the 3% retention, or lumped together as “the taxes I’ll…
Yes – in many cases it is possible to sell your Tenerife property without travelling to Spain. A step-by-step guide from valuation to completion.
The main taxes and costs when selling property in Tenerife: capital gains tax, 3% withholding, plusvalía municipal and more.