Spanish Residence before 31 Dec 2020 and Capital Gains tax
Hi
We are looking at purchasing a property before the end of 2020 and spending 4 to 5 months a year in Spain and I was thinking of applying for Residence so that I keep my EU rights (Medical, Prescriptions etc), if I understand it correctly if I apply for Residence then I would be subject to Capital Gains Tax when I sell our UK home, as my wife and I are under 65 (58 and 51), so the over 65 rule does not apply (plus the house is in both names)
I intend to retire at 62 and would be looking at relocating then and selling the UK home which would then attract CGT.
Have I interpreted this correctly re Residence and CGT ?
Any advice would be appreciated.
Thanks