Capital gains tax on sale of uk property - Page 2

Can I please add a note of caution here? This is a public forum and you do not know who may be reading this.

It is … unwise… to even joke about defrauding AEAT, as they are utterly ruthless in their pursuit of tax owed, and fines for tax evasion here are astronomical - please just keep that in mind.  

Whilst you may think it is “unfair” that they levy this tax, please remember it is you who is choosing to come here and if you do come here you by default accept the laws and regulations - including tax laws.

I wasnt looking to "de-fault" paying my tax as been paying it all my life so that assumption was wrong. I am trying to find outbabout CGT on my UK property&as for having a "joke" thats not my issue if people dont have sense of humour. I will be buying a property in spain, paying property tax on top, paying earn8ngs tax(if i choose to work) and tax on my private pension&savings and contributing to the local economy so i am.NOT A a tax evader&if people take offense by my posts then thats their issue not mine but thank you for your imput.

Trust u have now got the jist. Sell your uk property mid year in UK, no UK tax if main home no spanish tax as non resident. Move to Spain following year, move funds across, buy property

James

Hi and thank you. I trying to get my head round it hence need to get proper tax advise as what if i cant sell my house "mid year" as no guarantee when a property sells. 

if you want to stay clear of paying spanish tax on uk property then you have to hold back on your move till sold

james

Hi yes i will be selling mu uk home to fund my re location&to purchase a home in spain so be a cash buyer

I would strongly agree, don't even think about joking of defrauding tax in Spain!

Hi James so am i right in thinking if i sell my uk home first (can stay with friends till i buy in spain) then come to spain to look at areas/property to purchase a property then if i find one i pay property tax on top of purchase price(think its around 10%) then i dont pay CGT on my uk property as it may take months to find right area/property but once i start procedures for residency i then pay tax on earnings&savings etc??

Hi 

If you sale your UK property 1st then rent and move to Spain should not  be any CGT to pay. 

Hi do you mean sell uk house then rent in spain??. I plan to sell uk house&stay with friends in uk so i can view properties in spain. Then once i find property i will purchase, return to uk to start proceedibgs to move. Im not renting in spain