Calculating capital gains tax in Spain when selling your property

If I sell my property at less
If I sell my property at less than the value estimated by the valor catastral, am I required to pay tax on the actual selling amount or the amount estimated by the valor catastral?

For example, according to the valor catastral, I am expected to sell the property for 77,000 Euros but I am going to sell it for 50,000 Euros. Do I pay capital gains tax on 77,000 or 50,000??

I am selling my Spanish
I am selling my Spanish holiday home for 132000 euros, my partner and I bought it in 2005 for 72000 euros my partner died in 2015 an I inherited his alf of the proerty and paid the requisite taxes how much would I pay in capital gains from the sale
kind regards
R

I purchased my holiday
I purchased my holiday apartment in Tenerife in 2004 for Euro 190,000 and sold it in December18 for Euro 140,000 . Will I be subject to payment of any Capital Gains Tax ? . I was a none resident during this time and only used my apartment during UK winter months .

Hi,
Hi,
I have read somewhere that as Pensioners (Resident) for more than five years,we are not liable for CGT Fiscal.
Can you confirm that this is true and if so could you confirm in Spanish please.
Thank you
Arthur Chamberlain

Does the length of time you have owned the property in Spain effect the CGT.? My wife and I are both in our eighties, non resident, and have owned our apartment for 17 years.

What if you are resident in both Spain and another EU country and gift a property to a relative, resident where the property is in. i.e. not in Spain.

Is this still liable for any Spanish taxes considering that you would pay taxes in the country that the property is located?

Miriam I havent understood this…..Hi Roger,
It is directly affected if you purchased your property before December 31st 1994.
Indirectly if can be affected with the plusvalía tax which is charged by the townhall on the increase of value of the property is sold. This plusvalía tax ususally increases with each year and as you may deduct this tax from the Capital Gains Tax you can decrease the tax to pay as you have already paid this other tax.
With kind regards,
Ábaco Advisers
I bought in May 1983, and in 1985 built a house but all that was in convertible Ptas. Now in 2019 I sold for 223,000 Euros (the Land only as I demolished the subsidence ridden house before) and paid 3% about say 7,000, but the PlusValia Municipal is 36,000 Euros. Are you saying that there is a reduction somewhere? I am non resident. Do I pay more CGT than the 3%? How can it be worked out? The Catastral value was 300,000.

I have lived and worked in Tenerife for over 5 years and now face Divorce proceedings in the uk. My partner remained, in the maternal home and it is now to be sold and any monies from the sale is to be divided between us both.. Would my money due to me be liable for capital gains tax in Tenerife.

I’m a UK resident, but plan to spend six months a year in Spain post Brexit. My son is resident in Spain,but only 23
years old, and at present a student. I understand that being resident in Spain ,one is liable for assets outside of Spain. If I give him £100000 in the UK to buy himself a small place in Andalusia ,will he have to pay Spanish taxes?
Many thanks!

I’ve sold my appartment bought in 1993 and have made a profit- I’m a UK resident. and never took any rental income. There has been a 3% retention on the sale price and I’m now unsure of what to do next. Do I need to show the gain on my UK tax reurn?

I sold my large house in fuengirola in 2006 for 220,000e

My gestor has been with us for years and she is strictly legal. She want to the notary with us. I’m sure that she made me pay the 3% retention and the notary fee.

I moved to start a teacher job in Thailand urgently within 3 days. I had no other house to sell in uk or Spain. I still had my nie and my residecia,

Now I wish to return to Spain to buy or rent.

Because of the hurry to get my job, I probably paid no CGT. Is this possible? Is there’re an expiry for CGT? Or a fine now? Or does it expire. I will be 65 in 4 months. What do u advise? Renting? I have not asked this until now.

Hi, I own property across countries in EU. I’m thinking of buying a house in Spain and live there a few month a year. I will not work there, etc. Will I be in danger to have to pay tax in Spain for any property I sell in other countries in the future?

I live in the UK my main residence, I own a home in Catalunya (since 2003 -with a mortgage) rented out since 2014 to date. I am 62 yrs (04/02/58) my plan is to sell my UK home when I hit 65, sell my Spanish property also at 65, my wife of 30 yrs and myself will then retire to South of France at 65/66 yrs old, in addition my wife (police officer 28/01/66) retires in 2/3 years, but would like to obtain a mortgage on our new French property before retirement, and pay the mortgage off once the UK & Spanish properties are SOLD. I agree a little complicated. My questions are. Can you represent us on all matters and potential costs + How do I reduce my CGT in Spain when I sell the property at 65 /66 yrs old, although I am non resident and it is not my habitual home, but I have been visiting since 2013 for approx. 3 months each year NOT 181 days?. I thank you very much indeed for your reply, one added bit of info, our beautiful detached property in 2016/17 after renting through an agency destroyed all the furniture & air conditioning value approx. 15k of furniture, my insurance did not cover rental damage ( it now does) we received a compensory figure of 2100 euros by my Insurance company BBVA, would the loss of our expenditure of 15k be able to be included in calculations? Best regards Dino Discenza

In 1979 my Mother bought an apartment in Benalmadena. The cost to her was £16,500. In May, 2019, I sold the apartment for 153,000 Euros. After all deductions were taken, fees, plus valia, retention of 3% etc., I was left with 132,000 euros. The majority of the money was transferred to my UK bank accounts in June, 2019. I understand that, as I have brought the money into the UK, there will be some UK capital gains tax to pay on this, and that money is due to HMRC in the current tax year, April 2020 to April 2021. Can you advise me how this tax will be calculated, given that it has gone from euros to GBP? Will I need to find out what the rate of euro to GBP rate was on the date or dates of the money transfers?

As a UK resident-
If I sell my UK property – fly to Spain and rent for 3 or 4 months – apply for residencia – then buy a villa in Spain. Will we be subject to Spanish CGT on the profits made from the house sale in the UK?
Thank you.

Hello,
I purchased a home in Spain 9 years ago and my ex (resident) and I are both on the escritora. I just read that I should have declared the home as a non-resident and paid a tax. Can I go back and pay the years I missed? I am putting the house on the market and don’t want any surprises later after I sell the house.
Your guide had been very helpful, thank you.
Nik

I am selling an apartment which has been my main residence for 5 years,and moving to another property in spain which I own.Will I have to pay c.g.t. on the sale?.I am 76 years old and resident for 15 years. thank you for your kind attention.

Hi, myself my wife and daughter want to move to Spain before the December deadline.
We own and want to sell our only home in the uk.
Are we liable to capital gains tax in Spain if
We sell it this year and move to Spain becoming residents before December. Or
We achieve residency before December, then sell it or
We sell before or after December and file the paperwork for residency but don’t complete till 2021.
To complicate things more we might purchase a property or rent in Spain and this might have to be done before December to comply with the right to gain residency prior to the December withdrawal time scale.
Thanks Mike

I have just built a new house on the costa blanca. I have to put a value on the house for the escritura. The architects value if far lower than what i paid the Builder. Should i register the lower value and pay 1.5% or register a value more in line with the true value?
Also when i sell this house(not in the foreseeable future) if i use the money to but another house as our main residence, does this not exempt us from capital gains? We are Spanish residents.

We purchased a property off plan in 2005 for 160,000 euro’s and are putting it on the market for 135,000. If we are successful with the sale and this amount, how much tax will we pay?

Hi
I am UK tax resident
If I sell my property on the mainland for 500,000 euros (it cost me 125.000 euros 20 years ago) and buy somewhere in Ibiza for 250,000 euros what would my tax liability be please.
What time frame would I need to buy the new property if I can benefit from any tax roll over.
Thank you
Lesley

Why do I have to pay CGT,23% on increased value of my uk property which was purchased in 1986 to anticipated sale year 2021 when I have only lived in Spain for 7 years.The Spanish government benefits from 34 years increase in value of my property when I have only been resident 7 years. In my specific case this would equate to approx 53,000 euros!
Is there not a proportional charge based on date of residency?ie 2013 to 2021:8 years.This would be fair and reasonable.
I suspect this is not the case and I will have no choice but to return to UK for 2 years,sell my property without paying Spain any CGT then return to Spain where I am still entitled to residency under WA with all benefits,health access owing to my recently acquired TIE valid for 10 years which allows me to leave Spain for up to 5 years.
Any observations you have would be helpful.
I am over 65 years old.

Hi, i am selling my home in the UK to move to Spain ahead of Brexit. I will just be renting a house in Spain. would i have to pay capital gains tax to spain on the sale of the UK house even though it is the only property i own and my main home before moving to spain?

If I sell my house 200thousand euros same price as I paid only been in 2 years and resident 60 yrs old buy a house in Spain again for 120 thousand do I pay cgt on 80 thousand please both houses in Spain this can’t be right as I paid 20 thousand tax on buying first house wouid pay 10% again on new house and have made no profit only my own money back I spent in first place please advise dee

Hi
My wife and I are both 65 and have lived in Spain for over 3 years in our own apartment. We still have an apartment in the uk. If we sell the UK apartment are we still liable to CGT because it is now classed as a second home?

I am in the process of selling my (only) home in the UK, and trying to rush completion through before 31 December. There will be a large capital gain as I am selling for £235,000 more than I paid for it. I am buying a new property in Spain in February, using the UK sale proceeds, and this will be my sole property. I am 67. Will I have ro pay CGT in Spain if I cannot complete UK sale until January, or will my age and the fact that it is my sole residence exempt me, please.

I have lived in my UK house since purchasing it in 2008 for £205,000. I am in the process of selling it for £440,000 and buying a property in Spain for €180,000. I do not own any other properties and I am 67. Will I have to pay Spanish capital gains tax on the sale?

Hi is the form 210H available in English,what information do you need to provide when submitting the form. Thanks Richard

I am 68 and a resident of Spain. for over 3 year. I jointly own with a 65 year old a property used as a bed and breakfast (casa rural) I am told I am exempt of CGT because of my age on my share, . is this correct

We plan to sell our UK home in the first half of this year. We paid £93,000 in 2003 and should sell for £155,000. After paying the existing mortgage and fees we should be left with £137,000. On completion, we plan to move to Spain with a non lucrative visa.
Would we pay CGT? If so, is there a way to avoid paying, E.G. staying in the UK until 2022?

Darren

I understand if you’re living in Spain and sell a property in the UK which was not your main home, you qualify for Non-Residents Capital Gains Tax in the UK, which means you’re able to re-value the property at 2015 prices before calculating any profit and therefore any tax to pay on the difference (from 2015 to 2020) and not when the property was originally bought, in my case 2005.
When then declaring the sale in Spain, and calculating any capital gains tax to pay, can you use the same valuation from 2015?

Hi there,
I will have a net profit of about 57000 Euros from the sale of my house. I am not classed as a fiscal resident, so will have to pay 19% in capital gains tax. My question is this, does the 3% retention come off my final capital gains tax bill or do I have to pay 19% in addition to this retention?
Many thanks.

We sold our UK home in Dec 2020 and moved to Spain on the 18th December. We have not been here for 183+ days, but we applied for residency in Oct 2019. Therefore are we liable for CGT on our sale to Spain?
Also if we are only receiving an annual private pension of £6500, but living off our savings, do we need to submit a tax return in 2022 or before.
Thanks

I am a Spanish resident over 65 years. I currently rent a property here and own a U.K. property. If I sell my U.K. property and use some of the money to buy the property I am renting here will I pay CGT ?

I am selling my main residence in in Spain. How much time do I have to pay the Capital Gains Tax owed from the proceeds of the sale?
I intend to purchase another property, which I understand would exempt the CGT, but I don’t want to be rushed into it.
What’s my timeline?

Hi,
We are currently resident in the UK and selling our primary residence property here after having lived in the UK since 2012. We also have a flat in Madrid, which was rented out until December 2020. We intend to move into our flat in Madrid after 03 July this year so will be in Spain for less than 183 days this year. We therefore believe we will not be tax resident in Spain this year and will therefore not have to declare the sale of our UK house and pay CGT on it and nor will we have to file a Spanish tax return in 2022.
Some of your responses say we should wait until next year to move to Spain but other responses agree with the 183 day qualifying period for determining residence for tax purposes. Can you confirm that spending less than 183 days in Spain during 2021 means we do not have to declare anything to the Spanish tax authorities in 2022? We need to move this year for employment purposes so need to know if we are liable for CGT on the UK property even if we spend less than 183 days in Spain this year.
Thank you

Hello,

Selling my house in UK now. Planning to then move to Spain 3rd of July so that we will be there less than 183 days this year. Can you confirm that we will not need to declare anything next year for tax purposes regarding UK income or sale of UK property from this year and will therefore not be liable to CGT? Some responses to other comments seem to agree with this but there are others which say we have to wait to move until next year, which is obviously simpler, but we have to move this year for work reasons and the 183 day should apply, no? Otherwise the 183 day rule serves no purpose and doesn’t make any sense. Well, that’s my logic but what am I not understanding?
Thanks

I was reading your blog and I want to clarify about capital gains tax. It seemed to say that if you were a fiscal resident for at least 3 years and sold a house, and reinvested in another then you would not be charged cgt on the first one as long as you stayed in the second one for 3 years. Do I understand this correctly?

We lost our home in a river break and were forced to move into our weekend house. Do we have to wait and live in it 3 years before we sell it to avoid cgt, or are you saying we can sell it, reinvest in another house but cannot sell the second one for 3 years?

Thank you

Resident in Spain 10 years with UK property I wish to sell.It was previously my main residence for 25 years but since 2013 has been let out.I am 70 years old,what CGT will I be liable for to UK and Spanish tax authorities?Initial purchase price of property was £42000,selling for approx £260,000.

I am almost 70 yrs old and have been a fiscal resident in Spain for four years. I built a house in UK in 2006 in which I lived in for 11years until moving to Spain after remarrying. Owing to Covid I have not been able to return to UK so my home there has been empty for over a year so have decided to sell it. Am I liable for capital gains and if so how can I estimate the amount. I want to gift most of the money I would receive from the sale to my children and grandchildren. Thank you for your help.
Susan

Hi my name is Michael Joseph Ferguson.
I am looking at selling my house in the UK that l rent out.Tha capital gains tax l will pay in the UK can l offset the amount against my Spanish capital gains tax (l am Spanish tax resident)
The amount of profit could be in the region of £525,000 what would be my capital gains tax amount to pay in Spain?

Good morning, could you help me please ? I sold a property last year in January and bought a new house with the funds, can I offset the Capital Gains Tax bill to the new one, I am under 65 years of age ?

We purchased a property in U.K. for 96,000 including costs. We have lived as tax residents in Spain since 2003. If we now sell the U.K. property for 400,000 what would be our tax bill
Thank you

Hello
I am a resident in Spain I am selling my property and buying another in Spain. I understand the capital gain tax, but is there any tax relief here in Spain if you sell your home and then buy another home here? I have lived in my present property for over 3 years and intend to do the same in the next.

Hi,
We are of Spanish Nationality residing in London for 21 years now and will be moving back to Spain this year. We sold our main residence property last 2019, we did not pay any tax on the property based on the UK tax Law, I am getting also my monthly state pension since July this year £557.54, my wife will be retiring next year in November and will apply for her UK State pension from Spain together with her Spanish state pension just like me too. and We have savings too. Do We have to pay taxes when we bring it to Spain. We need your professional opinion and advice too. It would be very much appreciated. We look forward to hearing from you soon.
Kind regards,
Jose

Hi. I am a tax resident in Spain and have been renting my home out in the UK. If I decide to sell my UK house and reinvest all the money into buying a house in Spain, am i liable to pay tax on the profit of the sale? Many thanks!

If I sell my property in the UK and dont make any profit, is that sufficient to not declare any taxable profits in Spain – or do they look into the true value of the property value? (like they would in the UK)

Thinking of selling our home in UK and buying in Spain, I needed to know the taxation situation as a resident here , very informative website …..thanks

Following on Tom Smith question from 20 March, 2021, as we might soon be facing the same situation.

I believe if he rented his property since 2013 he will have to pay capital gains in the UK for the sale, as it isn’t his main residence anymore. Do this taxes get offset on the Spanish declaration? Is it the other way around maybe?

I’m resident of Spain (but not-Spanish). I’m trying to sell my stocks that are in the United States market. How much tax I have to pay when let’s say my profit is 50,000 Euros? Does the tax also apply to profit of selling bitcoin?

Hi,

I am currently in the UK in my main (and only home), which I have lived in and owned for 15 years.

I am intending to move to Spain in 2022, on an NLV visa, and purchasing another property there.

I am aware that if I become fiscally resident in Spain in 2022, that I will be liable for UKCGT for the period I am not living in the property.

But how does that affect any plusvalia due in Spain? If I am buying another property in Spain as my “main residence” am I exempt?

Or should I delay my move to Spain until after the 3rd of July 2022, in order to not become fiscally resident in Spain under the 183 day rule, thus not becoming liable for plusvalia when I file my tax return for the 2022 tax year in April 2023?

Many thanks for your help.

A friend and I bought a house in the UK in 1999 for £200K. It was my home and I lived in the house until I move to Spain in 2017 (five years ago).

In 2010 my partner and I purchased my friend´s share of the property. The house was valued at £320K. The outstanding mortgage and transfer expenses amounted to £199K. My friend´s and my personal profit was £60.5K ((320-199)/2)

My partner had recently sold her apartment and was able to pay my friend the profit that she had made and we took out a new mortgage on the property to cover the shortfall. We finally paid off the outstanding mortgage last week.

The house was recently valued at £600K.

We want to purchase a home in Spain as we are currently renting. I am 73 years old and my partner will be 69 in March.

I assume we will be liable to paying the Spanish tax authorities capital gains tax?

How will the profit be calculated?

I presume that my partner´s will be using the difference between the valuation in 2010 and today´s value less any expenses?

In my case do I have to use the price that my friend and I paid in 1999 or can I also use the valuation in 2010 since my partner and I effectively repurchased the property?

What is classed as first day as a resident in Spain. The day the house was purchaced, the day you move in,the day you get your padron or the day you get your fesidentia card. No one will commit. Thank you in advance.

I am tax resident in Spain and am selling a UK property. I believe that I have to pay CGT in Spain on the difference between the purchase price and the sale price, however, there were considerable renovations prior to moving into the UK property when I purchased it – full rewire, full central heating, some walls erected and new external doors/windows installed, full property plastered, new kitchen and bathrooms installed, new flooring. So completely renovated from the brickwork up.

My question is…….can i offset these costs as there were major, works before the CGT calculation is undertaken?

Kind regards

JJ

Question: I will be selling my house in the UK and moving to Spain July/August. In terms of work I will transfer to the same employer from the day when I arrive in Spain. Would I need to pay CGT on the sale of the property?
I am assuming not as I will be less than 185 days in the country this year which is the same year when I will be selling the property. Can I easily move funds from the sale of the home in the UK to Spanish bank and buy Spanish property in 2023 as my main home?

I sold my main house in spain which I lived fulltime in for 15 years for a profit of €276,000 but purchased another for €360,00 within 5 months [under 65 years old at the time of sale] do I have to pay CGT?
Ray

I have recently bought a holiday home in Spain which I intend to retire to in the next few years. How far in advance of my move to Spain would I need to have completed on the sale of my UK property so that I shall not be liable for Spanish CGT?

I’m in process of sale my property in Spain. I paid 5 years ago 120k, now will sale for 160k. Difference 40k. But, I paid 6.5 % tax when bought property in 2017 from 120k and 3 % will be paying from 160k after sale. Also every year paid IRNR form 210 non-resident tax(100 e/per year), plus IBI 226 e/per year. Also agency fee will be 10k and I invested in property around 10k-repair, new furniture (have original receipts, etc…). So, in my case after calculated on expenses, as per above- I have around 5500- 5900-euro capital gain from which I have to pay 19% -correct? filling form 210? Since I’m familiar with this form 210 already- and can fill online-my question: Is it Tax man- can back to me asking to prove all above? Means receipts for repair, furniture, Tax form, etc…?

Oscar, can you please advise. I’m in process to fill Form 210(after sold my apartment) – should indicate Capital Gain. Under “Income obtained” when I chose (2) Income type- 22 Other incomes (Capital Gain) –further, the system does not allow me to indicate the address of the sold apartment. In this case, when submitting a declaration at the bank, it will not be clear what I am paying for, for what address.
Only ‘’Income type” which allows to indicate address under number: 01, 02, 28, 33, 34, 35 in Form 210.

Hi – I understand CGT is not payable when the property was your ‘main home’. How is this defined? I have been since I arrived in Spain (now a Spanish resident) and the property I am selling in the UK is my only one – the proceeds of which I will reinvest into a property in Spain. Thanks

Hi, also above you say “As you will not have completed three full years as a Tax Resident in Spain there are no allowances for the sale of the property in the UK in respect of Capital Gain Tax”. Can you explain what sort of allowances are available if you have completed three full years as a tax resident in spain?

Thanks

Do you pay cgt if you are over 65 and have owned your house in Spain for more than 3 years. I am a resident of Spain.

I’m a Spanish resident and I wish to sell my UK property that has been rented out for the past 3 years.
I bought it in 2015 for 220k and will sell for around 335k. Will I just be liable for CGT on the difference of those figures minus costs? Also, how long do I have to decide whether to invest in Spain, and how much do I need to spend to avoid CGT?

Hello,
My partner and I purchased a UK property in September 2017 for £242,000 and lived in the property until August 2020 when we received job offers in Madrid. We moved out and rented the house until its sale in March 2022 for £300,000. We undertook renovations on the property that totalled around £20,000. We have completed the UK tax return and we are not required to pay any tax in the UK.

All of the proceeds of the sale are being used to purchase an apartment in Madrid. Will we be required to pay CGT and if so, what approximate amount can we expect to pay?
Thanks in advance,
AJ

My Spanish wife and I intend moving to Spain from the UK, if we sell our primary residence UK home after moving to Spain will we be CGT liable?

I have owned a house in Spain for 4 years and i now want to sell up my house in uk and move to spain. Is there any tax advantages in selling before I move or after I’ve moved.

Hi Oscar
We purchased our U.K. property in 2012, this was our only property so was our primary residence.
We purchased our Spanish property in 2019 and became resident in Spain also in 2019.
We are now selling our U.K. property … my question is… As it was our primary residence from 2012 to 2019 will we only be liable for Capital Gains Tax from 2019 to present date ?

Hi, i have been a Spanish resident since about july 2021 and sold my UK house in January 2022, I am over 65 and the UK property has been my permanent home for 40 years will I have to pay capital gains tax on the profit from the sale.

Does this also apply to a property in Belgium ? Our case is the following: we will sell our home in Belgium in October 2022 and then buy a home home & move to Spain as from November 2022 (so NOT being a Spanish resident in 2022 as we will spend less than 50 days in Spain in 2022, the plan is to become Spanish residents only as from 2023. Since we will sell our Belgian property whilst being Belgian residents can I safely assume that we would not have to pay any Capital Gains tax in Spain ?

Hello, we moved to Spain end of 2020, we won’t be fiscal resident until this year, we sold our uk property in June this year, my husband only moved to Spain until February this year, we have lived in the property for 25years or more, how does this stand on cgt please. We are buying a villa this October using most of the funds from uk property thank you

Hello, we moved to Spain end of 2020, we won’t be fiscal resident until this year, we sold our uk property in June this year, my husband only moved to Spain until February this year, we have lived in the property for 25years or more, how does this stand on cgt please. We are buying a villa this October using most of the funds from uk property thank

i own a third share in an apartment in spain with two other people , we purchased the property in 2019 and paid cash so there is no mortgage , we purchased the property from the bank for 55,000 euros , i want to buy out the other two joint owners so the property will become mine , they want 35,000 euros each for their share . we are NON-RESIDENTS from the UK , i understand the capital gains tax to be 24%
how much capital gains tax will they have to pay ?

I am a U.K. resident and am considering selling a property in Spain. I know I will have capital gains tax etc. to pay in Spain. When I fill my U.K. tax return will I have to declare it and will that capital gain be treated as a capital gain in U.K. also? I am also thinking of selling a U.k. property in same U.K. tax year so will I loose out on that years allowance for CGT in U.k. ?

Hi i own a property in Tenerife i am a Uk resident but im in the process of becoming a Spanish resident Up to now this year ive spent 90 days in Tenerife Ive paid taxes as a non resident for 20 years I am also in the process of selling my UK home My plan is to come to Tenerife while my home is for sale and complete my residency If i come out for say 80 days bringing me to the end of 2022 bringing my total days for the year to 170 will i be liable for Spanish CGT
Thank you

Hi. First of all, it is amazing how many questions you answer here – thank you.

My wife and I and 2 children plan to move to Spain in August 2022. We are currently living in the UK. We are deciding whether to sell our home here or rent it for income.

1) If we choose to sell it, when is the latest we can sell it without having to pay CGT in Spain?
2) If we choose to rent it out, I assume we will need to pay income tax on any profit we make in the UK and in Spain?

Thank you.

Hi, we moved to Spain in Oct 2020. For the first 18 months, we put our UK property on rent. Now we are selling it.

I know that I have 2 years to reinvest the proceeds into a main home here to avoid CGT. However I also heard from someone that we must sell the UK house within 2 years of moving here in order to avoid it too. Is that true? And how are the 2 years calculated?

As our first Empadronamiento was 28/10/20, as you can imagine we are nervously awaiting the sale to complete prior to 28/10/22 to avoid potentially being liable for the tax.

Figures for UK house: Purchase Sep 2014 – £156K
Sale Oct 2022 – £275K

By my calculations, and if the 2 years sale point above is true, I’m worried that if the sale doesn’t complete before 28/10/22 I will be liable for EUR 25K Plusvalia tax. Is that correct?

Thanks a lot, any advice greatly appreciated
Ian

Selling a home in spain.
Can I deduct
new door after squatters.
lawers fees
estate agent fees
new alarm
cleaning inside for sale
pest control inside
Notory UK fee
Notory Spain fee
land reg fee

Spanish Plusvalia council tax
From 10th Nov 2021 this does not apply
Ref Google search
Is this correct

I google that Plusvalia council tax does not apply in Spain from 1st Nov 2021 ?
I live in UK want to sell property in Balearics what exactly can I set against capital gains tax ?

Okupas stole my carpets…furniture….smashed entrance door costing £1,000 to relace. My lawyrers fees and court fees to take Okupas to court….can these costs be set against Capital Gains tax ?

I am deemed to be Non Resident

I am a Spanish Resident TIE since November 2020 and aged 64.
I have owned an apartment here for 20 years and thus paid my annual property taxes here each year.

I am selling a property in UK and expect a large gain, which the UK require me to pay GGT upon Even though i am Non Res….

Do I still face a CGT bill here in Spain, or… is a property CGT charge only applied in the country of the property?

as a Spanish resident, if I gift a property in the UK to my son, what is my tax liability in Spain?

Hello, lots of information on here thankyou.
Can you tell me please, as a resident, if I sell my property in Spain to move back to uk and repay my outstanding mortgage would the amount I repay be included in the capital gain for tax reasons. I have been told, hopefully incorrectly that money I pay back to the bank to clear my mortgage would be included in the capital gain?

I am a Spanish Tax Resident, renting a property in Spain, where I live. If I was to sell a property that I own in the UK, would I be liable for CGT? This UK property is the only property that I own.

Good evening my husband and I bought a property 4 yrs ago ,my husband is of retirement age unfortunately I’m not. we have sold our property and want to buy another property . we have made a profit of 80k the property to buy is 155,000 leaving 15,000 uninvested profit will I have to pay capital gains tax on the 15,000 as a non pensioner or just half of it

Hi
I have sold my UK property and am hoping to move to Spain later in the year . My partner owns a property in Spain which we will live in . Do i have to pay CGT in Spain on my Uk house sale ? We are planning using the NLV to get to Spain

Can you give me an approximate cost for Abaco to help us fill out our CGT next year?
We are resident in Spain and are selling our home in the UK this year.

Hi

We are UK residents intend to move to spain on a NLV, we are a mid 50’s couple and intend to fund the move with the sale of our house etc.
Would we be liable for CGT if we sold before we moved out there, we will be purchasing a property in Spain for more than the value of any gains we make on our current property?
Am I correct in thinking if we sold in the first half of the year and got our visas in the second half of the year then we would not be liable for CGT on our house sale – or does it not make a difference if the profit from this our main residence is reinvested in our new main residence in Spain?
We will also be cashing in some investments and pull what we can from some private pensions but this will be done a year before we intend to get our visas so I assume there would be no tax on this?

Thanks in advance
Terry

I am irish citizen moving, to live in spain.
I buy a house in UK 2017 for £100000.
I sell house in UK April 2023 for £200000,
I want to buy in Spain 2023 for £250000.
if I move and buy in April will the capital tax
implications be different to if I purchased and move in in July (183 day) as a none resident? Thank You

If I sell my uk property as a Spanish resident I am subject to CGT?
Will this be based on when I purchased property in 2005 and the value differential or will it be based from 2015.

Can I move back to uk and sell property and not pay cgt and if yes would I have to become a uk resident and give up Spanish residencey until sold.

Hi

We are Spanish Residents and have lived here for 5 years. We have kept our UK home as a base for us to go back to when we visit family. We would like to sell this UK property and buy a new UK property elsewhere for the same value. Would we have to pay anything in tax to Spain if we purchase another home and make no profit?

Thanks!

Hi
I inherited My Fathers property in Tenerife when he died. My Lawyer has power of attorney and registered myself as a non tax resident, opened spanish bank account in my name and applied for non resident NIE number. I had to do this during the inheritance procedure due to now owning the property.
The apartment was sold within 2 weeks of property transferring to me. The hotel who originally sold the property to my father in 2008 agreed to purchase back at a reduced price. The town hall cadastral value at date of death was 175000 euros. The property was sold for 135000 euros after fees for a quick sale.
As the property was inherited is there CGT to pay? 3% purchase price CGT was held back by the buyer

Hi
We have just sold our property and have had 3% retained for CGT does this have to be paid if we purchase another property in Spain within 2 years, we are non-residents.
Thank you in advance
John

I am a UK national resident in the UK. When I sell my Spanish apartment will I have to pay UK capital gains tax, and if so, how would I avoid double taxation?

Hello, I am selling my apartment in France at the beginning of 2024. it is currently my main residence according to French law (but not according to Spanish law which I think requires 3 years ). I do not need to pay capital gains in France as it is my main residence but if I go to live in Spain in 2024, will I be liable for capital gains on the sale of my French apartment? I plan to invest the gain in a main residence in Spain. My economic interests are all in France and will continue to be in 2024 so I imagine I will still be tax resident in France despite the 183 days rule? (this is only rental income from properties in France – I do not pay tax as I have a deficit from my rentals and live off savings). I would like to live in Spain all year round but if the capital gains applies, it’s simply not worth it. Thank you!

You mention that Spanish tax residents over the age of 65 are exempt from CGT on their principal residence if owned for a minimum of 3 years. Is this a complete exemption or are there any rules about re-investing the sale proceeds? Are there any ways to get round these rules? (I want to buy another property but outside the EU.)

Further to my above question, I think I am getting confused by the rules for over-65s relating to exemptions from CGT in general, e.g. second properties. These rules presumably are over-ridden by the specific exemption for over-65s selling their principal residence (of at least 3 years).

Thanks for all your excellent advice

I have lived in Spain for nearly 7 years. I am a full tax resident and currently rent a property in Spain as my prime residence. I own a property in the UK which has been rented out since March 2017 until July 2023. It is currently up for sale. I will be using the money from the sale to purchase a property in Spain. I have owned the UK property since the mid 1990´s.
What will be my tax liability ?

Hi, my mum is a Spanish resident and is looking at selling her UK property. Will she pay CGT in UK and Spain?

We bought our property in Fuerteventura 11 years ago and are thinking of selling it.
I heard that if you owned a property for more than 10 years there was a reduction in the Capital Gains Tax, is this true ?
We live in the property 9 months of the year approximately as we go back to Ireland every so often.

We are resident here, but both under 65.

Thanks

Hi
Live in the UK but thinking of moving to Spain i have a Villa in Benalmadena
I have company’s in the UK witch i take a wage from and pay tax in the UK
I also ham self employed in 1 company
I need some advice on what is the tax laws are in Spain and would i need to pay tax hear
I am a high rate tax payer

Hi, very useful site thank you. We are selling a house in Lanzarote which we have owned since 2006 and fully renovated it, if we manage to sell the house for the anticipated value we should be liable for CGT of some 60,000 euros, which I presume we pay to the Spanish Tax Office. We do not own any property in the UK, only the one house in Lanzarote, we live in our Mother in Laws house and look after her (86), so can our house in Spain which we do not rent out be considered as our First Home under Spanish Tax laws? I am 66, so does the Spanish exemption for over 65 year olds apply for not paying CGT? Also we had a holiday home in Wales which when we sold it created a Capital Loss of £86,000. which is recognised by HM Revenue & Customs. Can we in any way transfer the Capital loss from the UK to the Capital Gain in Spain and not actually pay the money in tax to the Spanish Tax Office?

I am selling my primary residence in the UK which I understand would mean I am liable to pay CGT in Spain where I will be residing for over 183 days in the year of sale. I plan to spend the proceeds on renovating a house in Spain which I have already purchased. Is it possible to offset the capital gains tax against the renovation costs?

of I sell my house in Spain as a resident and then move to UK,we are both over 66 and have lived in the property for three years
what costs are there
expect to make a 10000 profit on house
can you help then can come to you with a understanding of what happens

Hi l have been a resident in spain l am a pensioner in spain and am selling my house l have not paid tax in spain will l still not pay capital gains tax thank you

I am a Spanish resident of over 3 years and sold my uk property in late 2023.
I paid uk CGT in uk on the rebase system as advised as was told that this was the best way to go as I would have made a large profit after selling. However as this rebase was from April 2015 I could not claim for private resident relief which would have been between 1991 & 2003 ( 12 yrs).
Can I apply this resident relief allowance to my CGT in spain to lower my CGT here?

I recently sold my house in uk. It was originally my main residence for 12 years before I rented it out until I sold in 2023.
I have been a Spanish resident now for past 3 years.
I was advised by my uk accountant to use the rebase system for uk tax purposes as I am no longer a uk resident.
I am not sure I have done the right thing going down this route as my uk tax bill was less than £9000. As this will be deducted from my Spanish tax bill, I feel that I may have been better off paying more tax to the uk leaving me with a lesser Spanish tax liability. I then could have claimed my residential relief of 12 years and other home improvement costs in uk (that aren’t allowed in spain) ?