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What tax is there to pay when buying a house for less money than received from the sale of previous house?

Posted: Fri Feb 15, 2019 1:57pm
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Location: Albox

Joined: 11 Mar 2018

2018 we moved from Valencia having sold our house, which we purchased in 2002 and lived in permanently since 2009. The house we have purchased in Almeria cost less than the proceeds of our previous house - what tax should we have to pay? Can we claim money spent on improvements? We are both 74.

Many thanks

Janette

Posted: Sat Feb 16, 2019 2:13pm

Rob20B

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Posts: 604

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Location: Los Gallardos

Joined: 12 Aug 2016

Posted: Sat Feb 16, 2019 2:13pm

You are best speaking to a lawyer about that. Esther and Maria at Mundi Abogados (who handle our Spanish tax and I wish they dealt with our British tax) are very good, English-speaking and totally ethical. http://mundiabogados.com/

Rob
Los Gallardos/Palomares

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