What is the so-called tax Form 211?
This form is a document which contains all the details regarding the fiscal retention that is enforced against the price of sale that is received upon the sale of a property and when the vendor of the property is not a fiscal resident in Spain. From the 12st January 2007, the retention to be made when a vendor is a non resident amounts to 3% of the total value of the property. Prior to the 1st January 2007, the said retention amounted to 5% of the price of sale of the property. The retention made must be paid to the tax office within ONE MONTH from the date of the sale of the property. The form is equivalent to a receipt for the retention made and paid into the Tax Office on account of the non residents potential obligations for capital gains tax arising from the sale and later must be presented along with form 212.
