Possibility of tax exemption on real estate sales
Exempt from capital gains tax are:
Persons over 65 years old
Those residents over 65 who are selling their property and for the past three years have effected declarations with proof of owner occupancy in their Spanish income tax returns.
Sale of first residence
The sale of a first residence property can be carried out tax-free with the proper tax declaration if the obtained sales price is invested in a new first residence in Spain or abroad within a maximum period of two years.