No, you don’t need to be physically present to complete the sale. You can grant Power of Attorney to one of our trusted lawyers, who will handle all the paperwork and transactions on your behalf.

Yes, European residents selling a property on the Costa Blanca are subject to Capital Gains Tax (Impuesto sobre la Renta de no Residentes) on the profit made from the sale. However, there are some important things to keep in mind:

Capital Gains Tax: The tax is applied to the difference between the sale price and the purchase price of the property, after deducting expenses such as agent fees, notary fees, and renovation costs.

The tax rates are progressive, starting at 19%, but can go up to 23% depending on the profit amount.

Exemption for Primary Residence: If the property is your primary residence and you’ve lived there for more than 3 years, you may qualify for a tax exemption on the capital gains or reduced tax rates.

Plusvalía Tax: This is a municipal tax paid on the increase in the value of the land the property sits on, imposed by the local municipality. It’s calculated based on the cadastral value of the land and the number of years you’ve owned the property.

How to Obtain a Nota Simple in Torrevieja?
A Nota Simple is an important document that provides basic information about a property, including ownership details, liens, and mortgages. Here’s how you can obtain one:

1. Visit the Land Registry (Registro de la Propiedad)
   The Nota Simple can be requested directly from the Land Registry where the property is registered.

   For the request, you will need to provide the following property information:

   • Property address

   • Cadastral reference number (found on your property tax documents, such as the IBI receipt)

   • Name of the property owner

2. Request the Nota Simple Online
   You can also request the Nota Simple through the Registradores website, the official platform for property registrations in Spain. The service is available in multiple languages, including English.

3. Real Estate Agency Will Do It for Free
   If you are selling your property through a real estate agency, we will obtain the Nota Simple for you at no cost, upon request.

The real estate agency charges a fee of 5% plus VAT (Value Added Tax) for the services provided. The fee is only due upon completion of the sale, at the notary, and after the full amount (minus the agency fees) has been transferred to the seller’s bank account.

If the seller desires the additional service of a lawyer who speaks their language and guides them through every step of the process, the fee is 6% plus VAT of the total sale price.

• Real estate agent fee: 5% (plus VAT)
• Capital gains tax: 19-23%
• Plusvalía Municipal (municipal tax)
• Notary fees: €300 – €1,000
• Registration fees: €100 – €300
• Energy certificate (EPC): €100 – €300
• Mortgage balances (if applicable)

• Exemption for the primary residence: Sell your primary residence and reinvest the proceeds in a new primary residence within 2 years (if you are under 65 years old).

• Over 65: No capital gains tax on the sale of your primary residence.

• Reinvestment: Reinvest the profits from the sale of a primary residence into a new one to defer capital gains tax.

• Offset losses: Offset losses from capital sales with gains to reduce the taxable profit.

• Deductions: Deductions for costs such as notary and lawyer fees, as well as for renovations and improvements made to the property.