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Brought property as non resudencia sell as residencia

Posted: Mon Sep 21, 2020 8:47am
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Hi all if I sell my property as want to purchase a Bigger one.   I purchased as a non residencia and will sell as a residencia and purchase new as residencia.  What will be the impact on taxes. 

Posted: Mon Sep 21, 2020 9:34am

Alicia 11

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Posted: Mon Sep 21, 2020 9:34am

depends on your age if a pensioner and investing in a main residence then no capital gains tax due.  i think if you are not pension age then there is a capital gains tax to pay but not sure of the rates.  perhaps Dario knows this one. 

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