Deductible Items from calculating the capital gain - Community Forum (2024)

Hello and sorry to pick up an old post, but it seems similar to my doubt. I have recently inherit a flat in Spain. In this particular case, the inheritance tax in Spain is quite significant so I would like to know if the following costs could be considered as deduction if I decide to sell the flat. Inheritance taxes associated to the flat paid in Spain. I know the taxes on Capital gains could eventually by offset, but would the inheratiance taxes increase the "purchase price". I also have to pay another tax in Spain, similar to the stamp duty. Would I be able to deduct it when selling the property? Finally, as per the description, I think legal fees (solicitor and notary) would be deducted. As a note, all those points can be deducted under the Spanish tax law. I would appreciate your help, Regards,

Name removed admin .

Deductible Items from calculating the capital gain
		 - Community Forum (2024)
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