capital gains tax - Taxes in Camposol: Suma, NIE and general tax advice - Camposol forum - Costa Cálida forum in the Murcia province of Spain
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capital gains tax

Posted: Wed Nov 9, 2022 1:48pm
3 replies177 views3 members subscribed
nozb

Posts: 14

1 helpful points

Location: Camposol

Joined: 4 Sep 2022

Hi My wife and i are trying to retire and live in Spain camposol hopefully. We are applying for a non-lucrative visa and pretty much have that covered. We were told that if we sell our property in the Uk and use the funds to purchase a property in Spain within the same tax year, we could be libel to capital gains tax in Spain at 20%. Anyone had this or know if this is correct.

cheers Noel

Sunnyspain

Posted: Thu Nov 10, 2022 6:40am

Sunnyspain

Very helpful member

Posts: 1429

997 helpful points

Location: Camposol

Joined: 30 Mar 2018

Posted: Thu Nov 10, 2022 6:40am

You need to have spent 183 days in Spain before you become liable to pay taxes. I took my lump pension sum before and was not taxed on it. Try to sell your house before. Get legal advise from a gestor or lawyer. We use xerxes in the port by gran mundo for our tax returns. Helen is English and will explain everything to you. Good luck.

nozb

Posted: Thu Nov 10, 2022 8:00pm

nozb

Original Poster

Posts: 14

1 helpful points

Location: Camposol

Joined: 4 Sep 2022

Posted: Thu Nov 10, 2022 8:00pm

thanks for that do you have a phone number handy

Sunnyspain

Posted: Thu Nov 10, 2022 8:59pm

Sunnyspain

Very helpful member

Posts: 1429

997 helpful points

Location: Camposol

Joined: 30 Mar 2018

Posted: Thu Nov 10, 2022 8:59pm

nozb wrote on Thu Nov 10, 2022 8:00pm:

thanks for that do you have a phone number handy

Tax click on the tax link 

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