The procedure for selling a property in Andorra can be carried out by the owner, known as a private sale or through a real estate agent.
Capital Gains Tax in Andorra
In Andorra, the sale of a property that is not a primary residence is subject to a capital gains tax. The amount of tax is calculated based on the sale price of the property minus any expenses related to the sale, such as commission and advertising. The tax rate for capital gains in Andorra ranges from 2% to 10%, depending on the profit made from the sale.
Selling Property Yourself in Andorra
Selling a property yourself in Andorra can be a straightforward process if you are familiar with the local market and have the necessary documents to complete the sale. It is important to obtain a professional evaluation of the property and to make sure that all necessary documents and information are readily available.
Popularity of Property Exchange in Andorra
Property exchange is not a common practice in Andorra, as most sales are carried out through traditional means such as private sales or through real estate agents. However, it is possible to arrange a property exchange if both parties agree to the terms of the exchange.