How are capital gains taxes calculated and paid?

The Short Answer

The notario who is managing the sale of your property will decide how much capital gains are due and is responsible for collecting and paying those taxes at closing.

Helping sellers understand and minimize the tax consequences of selling is something that all of our agents have been trained in. It’s important that you understand how the sale of your property will affect your taxes before you start the selling process.

To understand how the notario calculates these taxes and for more details see The In-Depth Answer to this question.