I sold my place in March this year.
The Estate Agent charged 5% which included the legal work normally performed by a solicitor.
3% of the gross sales price is retained by the Spanish Government to cover any unpaid taxes (this may only apply to non residents?), it is usually repaid 2 - 3 years after completion less any capital gains tax.
The Ayuntamiento charge (Plus Valia) a fee depending on the value of the property and length of ownership, for us this was 950 Euros.
Capital Gains Tax at 19% is payable calculated as follows:- Sales price - estate agent fees + plus valia + accountants fees. The copies of cheques. fees etc. should be copied into your original purchase contract or the final statement from your solicitor from your purchase – they are required as evidence. If you don’t have a receipt for the bank charges the bank can print a copy of the statement pages that show the bank charges – they charged me 3 Euro to print it.
Less- Original Purchase price + solicitors fees + notary fees + taxes + bank interest - you cannot take into account any improvements that you have made to the property i.e Kitchen, furnishings etc.
We used an accountant to do the capital gain and 3% reclamation documents and filing for 300 Euros.
You need to declare the CTG on your UK tax return although there is no tax to pay in the UK.
The owner of the property on 1st
January is responsible for the IBI and Basura payments for that year.
Endesa and the water companies are slow at switching accounts (took the about 4 weeks for us) you may be billed after completion and have to reclaim from the new owners
Dave