Alicante notary explains how to avoid paying income tax on property sales
A notary from Alicante details the legal keys to avoiding capital gains tax when selling a property.
Alicante notary María Cristina Clemente Buendía has explained the circumstances under which property owners can avoid paying income tax when selling their home, dispelling the widespread belief that tax is always due on the gains obtained.
According to the expert, there are various legal formulas that allow this capital gains tax to be avoided, especially when certain requirements related to reinvestment or the seller’s age are met.
This information is particularly relevant for the numerous property owners in the province considering selling their property, both Spanish and foreign residents, enabling them to better plan their property transactions from a tax perspective.
Source: informacion.es
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