Property Sale Taxes on Fuerteventura (2026): Capital Gains Tax & Plusvalía Explained
The complete overview of all taxes that apply when selling a property.
The Most Important Taxes When Selling a Property
When selling a property on Fuerteventura, two main taxes apply:
Capital Gains Tax (IRPF / IRNR)
Plusvalía (Municipal Land Value Increase Tax)
Both taxes work differently and must be assessed separately.
Capital Gains Tax (IRPF / IRNR)
This tax is applied to the actual profit:
Sale price – Purchase price – Deductible expenses
Tax rates:
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EU non‑residents: 19%
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Non‑EU residents: 24%
-
Residents: progressive (19–30%)
Important:
When selling, 3% of the sale price is automatically withheld by the buyer and paid to the tax office. This amount is later offset against the final tax due.
Plusvalía (Municipal Land Value Increase Tax)
Plusvalía is charged by the municipality and is based on:
-
the land value
-
the ownership period
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the increase in land value
Since the reform, there are two calculation methods — the cheaper one applies automatically.
Example Calculation (2026)
Capital Gains Tax
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Sale price: €350,000
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Purchase price: €250,000
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Profit: €100,000
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Tax (19%): €19,000
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Withholding (3%): €10,500 → credited later
Plusvalía
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depends on municipality & ownership period
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typical range: €1,000–4,000
Important Notes for Sellers
Key Points
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Understand the 3% withholding correctly
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Renovations are deductible only with invoices
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Plusvalía must be declared within 30 working days
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Check the reference value
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Capital gains tax may not apply if a loss is incurred
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