Australia-Spain tax treaty and CGT on Australian property
The Australia-Spain Double Tax Agreement aims to prevent double taxation. For Capital Gains Tax (CGT) on Australian property, if you become a tax resident in Spain, Spain will typically claim taxing rights on worldwide income and assets, including gains from Australian property sales. Australia retains the right to tax Australian-sourced income. Professional tax advice specific to your circumstances is essential to understand the implications of your tax residency status and asset location.