SELL APARTMENT FOR OVER 65 YEARS OLD IN MALAGA
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SELL APARTMENT FOR OVER 65 YEARS OLD
If you're mayor of 65 years and you want to know what are the bills, discounts y bonuses to which you are entitled when selling your apartment, we love you help.
How to sell an apartment for people over 65?
Steps to sell your apartment to people over 65 years of age
- Contact us: Visit our offices or call us to sell your apartment easily and we will take care of the entire process for your peace of mind.
- Visit to an advisor's home: one of our advisors will visit your home to give you a market valuation and help you get the highest possible price.
- Personal study: Before putting your home on sale, we will carry out a study where we will resolve all your doubts and calculate in advance all the expenses involved in selling a home and what possible discounts you may have for being over 65 years of age.
- Home sale: We will put at your disposal all our professional tools and the continuous support of a personal advisor who will be assigned exclusively to you. We will manage all the steps of the sale to avoid as much inconvenience as possible.
- Comprehensive service until after signing: Once signed at the notary, you will have to pay taxes in the different organizations and change the supplies and taxes of the home to avoid surprises. But don't worry, we will be at your disposal until the end of the process.
Expenses when selling an apartment if you are over 65 years old
- Municipal capital gain: One of the taxes that must be paid when selling a house is the tax on the increase in value of urban land, better known as municipal capital gains. This gravel, as its name indicates, the increase in value that your home has experienced during the time you have owned it. It is assigned to the town councils, so you will have to settle it at the regional Treasury.
- Housing Income Tax: those over 65 years old they do not pay personal income tax for the sale of their primary home, regardless of whether or not they reinvest their money in another property. But if the house they sell is a second residence, however, they will have to pay taxes on it, unless they use the money from the sale to constitute a life annuity under the following requirements:
- Term: contracting the annuity made within a period of six months from the date of sale.
- Amount: the maximum amount whose reinvestment gives the right to enjoy the exemption is 240,000 euros.
- Frequency: the income must have a frequency equal to or less than one year. Likewise, this must begin to be received within a period of one year from its constitution.
- Communication: you will have to inform the insurance company or the bank that the money is the product of the sale of a home and that you intend to benefit from the exemption.
Taxation when selling your first home over 65 years of age
In the event that the seller is over 65 years old and sells his/her habitual residence, this being his/her habitual residence for at least the last three years, no they will have to tax by revenue obtained in the IRPF. On the other hand,They are also required to present the income tax.
They must also pay the municipal surplus value of the corresponding town hall.
Taxation of the sale of a second home for those over 65 years of age
There are bonuses for the sale of a second home for people over 65 years of age, such as in the event that the client reinvests said capital in a guaranteed life annuity. So, dThis bonus has its conditions and limitations.
If you want us to study your case for free, get in touch and one of our advisors will assist you personally.
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