a quick google search brings these seller costs updated last week:
Agency commission
(between 3%-6%)
Capital gains tax
(variable 19%,21%,23% for 2018)
Income Tax Provision (Retención)
(3% non-residents only)
Energy certificate
(between 100-500 euros)
When you sell a property through an estate agent you will have to pay a commission fee. Estate agents usually charge around 5% commission in Spain. The seller can deduct the Agency commission fee from his capitals gains tax.
Capital gains tax for 2018 → Seller
19% for the first 6.000 euros
21% from 6.000 and 50.000 euros
23% from 50.000 onwards
If the seller is not a Spanish resident he has to pay 3% income tax provision or retención in Spanish which goes directly to the tax office to cover any taxes resulting from the sale. However, the seller can claim for a refund if he believes that his tax liability is less than 3%.
The plusvalía is a tax over the increase of the value of the ground the property is on. This is paid to the local town hall. The plusvalía is calculated on the basis of 3 factors: The period of ownership, the location of the property and the cadastral ground value.
The plusvalía tax can easily be requested at the town hall where the property is located.
By law, the plusvalía tax should be paid by the seller and it can be a substantial sum of money. Nevertheless, the plusvalía can be paid by the buyer if he has agreed to it.
Here is a basic example giving some rough estimates of the costs:
Mr. A (the seller) sold his
apartment in Mallorca to Mr. B (the buyer). When Mr. A bought the apartment in 2003 he paid 200.000 euros. Now Mr. A has managed to sell the apartment in 2018 to Mr. B for 350.000 euros.
Costs for the seller (Mr. A)
Sold it in 2018 350.000
Bought it 2003 - 200.000
Profit before taxes 150.000
Capital gains - 33.260
Agency fee 5% - 17.500
Income Tax Provision 3% - 10.500
Plusvalía tax - 4.000
Energy certificate - 300
Net profit 84.440
So in other words good luck trying to make any money!