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Moving to Camposol how to understand tax - Page 2

BevT

Posted: Thu May 28, 2020 10:46pm

BevT

Original Poster

Posts: 48

3 helpful points

Location: Camposol

Joined: 11 Jan 2020

Posted: Thu May 28, 2020 10:46pm

oink wrote on Sun May 24, 2020 4:52pm:

As you have sold in uk  ,beware of cgt .

Ideally your best arriving after july 4th

Then apply for residency . You may get hit with cgt on your uk home if you arrive before that. 

You have to spend less than  183 days in spain in your 1st year . To avoid taxes 

Any pension tax free lump sums  maybe subject to tax in spain .  So take them asap 

Reduce assets to under 50k so you dont have to declare it ,split anything over this  between partner 

See jims guides .he.ll keep you right on this .

Hi thanks for the reply very useful info I have sent you a message with some questions on there if you don't mind. Thanks Bev

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