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Capital gains tax on sale of uk property

Posted: Fri Aug 13, 2021 8:45am
27 replies1102 views7 members subscribed
Vera

Vera

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Posts: 235

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Location: Albox

Joined: 11 May 2021

Hi, i am somewhat confused by the fact i would have to pay CGT to Spain from sale of uk property?

Is anyone on here who has moved post brexit&had to pay CGT from sale of property&how much did you pay as this will/may impact me re-locating if its a fortune OR can anyone give me details of a Englush speaking person who deals with tax/solicitor to advise me. I just want clarification as to how much my move(on top of property purchase) will cost me. Thank you

DarioMartin

Posted: Fri Aug 13, 2021 8:49pm

DarioMartin

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Posts: 3668

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Joined: 16 Aug 2017

Posted: Fri Aug 13, 2021 8:49pm

Vera wrote on Fri Aug 13, 2021 8:45am:

Hi, i am somewhat confused by the fact i would have to pay CGT to Spain from sale of uk property?

Is anyone on here who has moved post brexit&had to pay CGT from sale of property&how much did you pay as this will/may impact me re-locating if its a fortune OR can anyone give me details of a Englush speaking person who deals with tax/solicitor to advise me. I just want clarification as ...

...to how much my move(on top of property purchase) will cost me. Thank you

Hi Vera, me again - I’ve just started using an English Tax specialist for another matter here in Spain - here are his details :- 

Phillip D. Pigg
C&P Group

Eml: [email protected]
Tlf: 952 44 08 00
www.cpgroup.es

C/Mercurio, Local 78, Urb. Pueblo Sol
Arroyo de la Miel, 29631, Málaga

Vera

Posted: Fri Aug 13, 2021 9:10pm

Vera

Original Poster

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Posts: 235

87 helpful points

Location: Albox

Joined: 11 May 2021

Posted: Fri Aug 13, 2021 9:10pm

DarioMartin wrote on Fri Aug 13, 2021 8:49pm:

Hi Vera, me again - I’ve just started using an English Tax specialist for another matter here in Spain - here are his details :- 

Phillip D. Pigg
C&P Group

Eml: [email protected]
Tlf: 952 44 08 00
www.cpgroup.es

C/Mercurio, Local 78, Urb. Pueblo Sol
Arroyo de la Miel, 29631, Málaga

Hi thats great. is this gentleman based in England and has knowledge of the tax situation in Spain or is he based in Spain.

Vera

Posted: Fri Aug 13, 2021 9:12pm

Vera

Original Poster

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Posts: 235

87 helpful points

Location: Albox

Joined: 11 May 2021

Posted: Fri Aug 13, 2021 9:12pm

Vera wrote on Fri Aug 13, 2021 9:10pm:

Hi thats great. is this gentleman based in England and has knowledge of the tax situation in Spain or is he based in Spain.

Hi sorry i mis-read your msg and see he is in Spain.

I will message him over weekend&fingers crossed i can get to bottom of tax situation.😁

Juliet Diaz

Posted: Sat Aug 14, 2021 8:12am

Juliet Diaz

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Joined: 23 Aug 2019

Posted: Sat Aug 14, 2021 8:12am

Hi

You will be liable for Spanish CGT if you sell your UK property in any year you are a Spanish tax resident.Please note that this is not the same as being  a legal resident.

The Spanish tax year runs January 1st - December 31st. Whether you have residencia or not, you become a tax resident of Spain, and liable for Spanish taxation, in any tax year where you spend 183 days or more.

This means that, for example, if you sell your house in May, move to Spain in June and spend the rest of that year in Spain then you would be liable for Spanish taxation on that year's global income including any profit on selling your house.

I am not an expert, my knowledge of this is based on personal experience. Please do take professional advice as taxes are high here.

Vera

Posted: Sat Aug 14, 2021 9:32am

Vera

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Posts: 235

87 helpful points

Location: Albox

Joined: 11 May 2021

Posted: Sat Aug 14, 2021 9:32am

Juliet Diaz wrote on Sat Aug 14, 2021 8:12am:

Hi

You will be liable for Spanish CGT if you sell your UK property in any year you are a Spanish tax resident.Please note that this is not the same as being  a legal resident.

The Spanish tax year runs January 1st - December 31st. Whether you have residencia or not, you become a tax resident of Spain, and liable for Spanish taxation, in any tax year where you spend 183 days or more.

This means that, for example, if you sell your house in May, move to Spain in June and spend the rest of that year in Spain then you would be liable for Spanish taxation on that year's global income including any profit on selling your house.

I am not an expert, my knowledge of this is based on personal experience. Please do take professional advice as taxes are high here.

Hi Juliet thank you for that though i think its wrong to be taxed on uk property sale esp if your purchadingba spanish property&then pay added tax on top of that(which is fine as same in Uk) but not happy about paying CGT on my UK property so need to look into this as may have to empty my bank accounts&put miney under mattress&just come with the amount required as fingers crossed i will be getting an EU passport. I dont have issue paying "fair taxes" but not on my UK property. Have to see about this as im sure not everyone has done this when moving from UK as i will be applying for residency(not holiday home).😁

julie7591

Posted: Sat Aug 14, 2021 10:32am

Posts: 66

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Joined: 6 Feb 2016

Posted: Sat Aug 14, 2021 10:32am

Vera wrote on Fri Aug 13, 2021 8:45am:

Hi, i am somewhat confused by the fact i would have to pay CGT to Spain from sale of uk property?

Is anyone on here who has moved post brexit&had to pay CGT from sale of property&how much did you pay as this will/may impact me re-locating if its a fortune OR can anyone give me details of a Englush speaking person who deals with tax/solicitor to advise me. I just want clarification as ...

...to how much my move(on top of property purchase) will cost me. Thank you

Hi,

I can recommend  Salvadore @ Mojacar playa, Spanish, English spoken..   very helpful regarding tax advice, residency, &  tax residency..  

Julie

MaggieB

Posted: Sat Aug 14, 2021 10:41am

Posts: 71

35 helpful points

Joined: 10 May 2020

Posted: Sat Aug 14, 2021 10:41am

Taxes on house purchase and other fees are also much higher than uk.

Vera

Posted: Sat Aug 14, 2021 10:44am

Vera

Original Poster

Helpful member

Posts: 235

87 helpful points

Location: Albox

Joined: 11 May 2021

Posted: Sat Aug 14, 2021 10:44am

julie7591 wrote on Sat Aug 14, 2021 10:32am:

Hi,

I can recommend  Salvadore @ Mojacar playa, Spanish, English spoken..   very helpful regarding tax advice, residency, &  tax residency..  

Julie

Hi thank you for thatdo you have an e-mail address please.

Vee

Vera

Posted: Sat Aug 14, 2021 10:55am

Vera

Original Poster

Helpful member

Posts: 235

87 helpful points

Location: Albox

Joined: 11 May 2021

Posted: Sat Aug 14, 2021 10:55am

MaggieB wrote on Sat Aug 14, 2021 10:41am:

Taxes on house purchase and other fees are also much higher than uk.

Thank you i clearly have to sort this out as may impact my overall budget for house purchase but im sure it can be sorted.

Vee

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