Australia-Spain Tax Treaty and CGT on Australian Property
The Australia-Spain tax treaty aims to prevent double taxation. However, Capital Gains Tax (CGT) on Australian property for an Australian expat residing in Spain depends on your tax residency status in both countries. If you are deemed a Spanish tax resident, worldwide income and assets, including Australian property gains, may be subject to Spanish tax laws. Specific advice from a tax professional specializing in international tax law is essential.