Capital gains tax in Andorra 2026

Investment gains are taxed at a flat 10% as savings income, after the EUR 3,000 exemption.

Two big carve-outs: selling shares is exempt if you held 25% or less of the company, and real estate or large shareholdings held over 10 years sell tax-free for residents.

Andorran property sold within 2 years costs 15% (10% plus a 5% speculation surcharge); after 2 years the surcharge drops, and after 10 years residents pay 0%.

Most passive shareholders therefore never pay Andorran tax on their stock market gains.

At a glance

top rate: 10% (15% for property flipped within 2 years)
entry band: EUR 3,000 savings exemption; 0% for stakes of 25% or less
tax year basis: Calendar year 2026
filing deadline: With the annual return, by 30 September 2027
residency basis: Residents on worldwide gains; non-residents on Andorran property
regime flag: 10-year holding wipes the tax on real estate and stakes above 25%

Rates

Gains by asset 2026

Disposal	Rate
Shares — stake of 25% or less	0%
Shares — stake above 25%, held 10 years or less	10%
Real estate (Andorran or foreign) and stakes above 25%, held more than 10 years (residents)	0%
Andorran property sold within 2 years	15% (10% + 5% speculation surcharge)
Andorran property sold after 2 but within 5 years	10%
Andorran property held 5–10 years	Gain cut by official coefficients — effective rates step down 8%, 6%, 4%, 2%, then 1% by year of ownership
Other financial gains	10% after the EUR 3,000 exemption

Marginal rates apply within each band.

Thresholds & allowances

Small-stake exemptionStakes of 25% or less
Gains on portfolio-sized shareholdings are exempt outright.
Long-hold exemption10 years
Resident individuals pay 0% after a decade on real estate and on shareholdings above 25%; other movable assets — crypto, art, funds — stay at the 10% savings rate regardless of holding period.
Savings exemptionEUR 3,000
Shared with interest and foreign dividends in the same year.

Surcharges

Speculation surcharge on property5%over Added to the 10% when Andorran real estate is resold within 2 years of purchase.

Residency

Residency trigger

Residents are taxed on worldwide gains under these rules — with the 25%-stake and 10-year exemptions doing most of the work for ordinary investors.

Non-resident treatment

Non-residents are taxed on Andorran property gains at 10% (15% within 2 years) with no coefficient ladder and no 10-year exemption.

Notes

Since 1 January 2024 property gains sit inside the main income tax frameworks rather than a standalone transfer tax, but the holding-period logic survived the merge.
A resident selling a EUR 100,000 gain on index funds held in a sub-25% position pays 0 — the small-stake exemption covers ordinary brokerage portfolios.
The exact reduction coefficients for property held 5 to 10 years should be confirmed with an adviser before a sale is timed around them.
Crypto gains follow the savings-income track, not the property ladder — see the crypto block.

FAQ

I sold stock market investments at a EUR 40,000 profit — what do I owe?

Usually 0. Gains on stakes of 25% or less of a company are exempt, which covers virtually all portfolio investing. Outside the exemptions, the rate would be 10% after EUR 3,000.

What if I sell my Andorran apartment after 3 years?

10% of the gain — the 5% speculation surcharge only bites within 2 years of purchase, and full exemption arrives once you pass 10 years of ownership.

Figures: tax year 2026, compiled from public sources. Not tax advice.

See capital gains tax in other countries

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