Property Sale Taxes and Capital Gains in Córdoba: 2026 Tax Guide

Property Sale Taxes in Córdoba

Selling a property in Córdoba involves several tax obligations that many owners overlook. Understanding these taxes from the outset is essential for planning your sales strategy correctly and avoiding unpleasant surprises with the tax authorities.

Municipal Capital Gains Tax: The Most Visible Levy

Municipal capital gains tax (officially known as the Tax on the Increase in Value of Urban Land) is the charge levied by Córdoba City Council when you sell a property within its municipality. It is calculated on the profit obtained since the land's acquisition.

How does it work? Capital gains tax is applied to the cadastral value of the land at a rate of around 3-4% in Córdoba, though this varies according to local regulations. It is paid at the time of sale to the Municipal Treasury.

Special cases: If you have owned the property for over 20 years, you may be eligible for exemption or reduction. Check directly with Córdoba City Council, as regulations can change annually.

Income Tax (IRPF): The State Tax on Gains

If you are a Spanish resident and make a profit selling your home, you must pay tax on that capital gain. Income tax applies with the following indicative brackets:

• Up to €6,000: 19%
• €6,000 to €24,000: 21%
• €24,000 to €43,200: 25%
• Over €43,200: 45%

Primary Residence Advantage: If you sell your main residence, you are entitled to an exemption of up to €600,000 on capital gains. This is one of the most significant tax benefits for Córdoba property owners.

Property Transfer Tax (ITP)

This tax is traditionally paid by the buyer, not the seller. However, it is important to understand it for negotiation purposes. In Andalusia, ITP is approximately 7-8% of the purchase price (Córdoba applies these regional rates).

Deductions and Allowable Expenses

You can reduce your taxable base with:

• Notary and registration fees
• Real estate commission (typically 3-5%)
• Tax advisor fees
• Property improvements (extensions, renovation work)
• Valuation costs

Keeping all documentation is essential to justify these expenses to the tax authorities.

Intelligent Tax Strategy in Córdoba

In the Córdoba market, where properties in areas such as Flores or Centro can generate significant capital gains, it is advisable to:

1. Holding period: Properties held longer benefit from better tax treatment
2. Professional advice: A tax advisor can identify deductions you might miss
3. Documentation: Keep all receipts for purchase, improvements and expenses
4. Prior renovation: If you plan to sell, a professionally managed renovation can increase value and your deductible expenses

Specific Investor Cases

If you are an investor with multiple properties in Córdoba (tourist or rental apartments), taxation differs. Gains are added to your total income and taxed according to your personal brackets, without the €600,000 exemption.

*Every tax situation is unique. Contact us for personalised advice on your Córdoba sale and legally optimise your tax position.

Cover photo: Michal Osmenda from Brussels, Belgium — Wikimedia Commons (CC BY 2.0).