Hopefully someone can clear this up for me, if I sell my property in the UK this August 2020,

fran18 wrote on Sat Jul 18, 2020 9:44am:

Hopefully someone will be able to help me with this, 

My property is up for sale if it sells August and I move over mid September I'm applying for residency straight away will I be liable for huge taxes on my property or is it as I'm moving over at the end of the tax Yr hopefully I'm not in the country enough days to have to pay taxes on the sale of...

 

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... my UK property? 

Can someone please clarify?!?! 

lucida100 wrote on Sat Jul 18, 2020 6:30pm:

You need professional advice.

paulsav wrote on Sat Jul 18, 2020 8:51pm:

Why? What I have stated is correct. Fran could not be a tax resident in Spain this year from September. Depending on status of previous home in Uk,(ie. Main home, rented home, 2nd home, lived elsewhere) she may be subject to Uk CGT but she doesnt need any professional advice to tell her she has n...

 

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...ot spent(or will spend 183 days this year in Spain). Its as simple as that, and I dont need any more information regarding her situation to work out she becomes fiscal from 1st January 2021. Only an earlier stay in Spain this year would have to be taken in consideration.

Regards

Pauline.

PhilTox wrote on Sat Jul 18, 2020 9:07pm:

Yup, take professional advice, anything posted here could be correct but l wouldn't want to risk it, seen too many posts with replies that are either out of date information or just plain wrong. Play safe, a few euros upfront to a professional could save a fortune later. 

fran18 wrote on Sat Jul 18, 2020 9:44am:

Hopefully someone will be able to help me with this, 

My property is up for sale if it sells August and I move over mid September I'm applying for residency straight away will I be liable for huge taxes on my property or is it as I'm moving over at the end of the tax Yr hopefully I'm not in the country enough days to have to pay taxes on the sale of...

 

Read more...

... my UK property? 

Can someone please clarify?!?! 

fran18 wrote on Sat Jul 18, 2020 9:44am:

Hopefully someone will be able to help me with this, 

My property is up for sale if it sells August and I move over mid September I'm applying for residency straight away will I be liable for huge taxes on my property or is it as I'm moving over at the end of the tax Yr hopefully I'm not in the country enough days to have to pay taxes on the sale of...

 

Read more...

... my UK property? 

Can someone please clarify?!?! 

fran18 wrote on Sat Jul 18, 2020 9:44am:

Hopefully someone will be able to help me with this, 

My property is up for sale if it sells August and I move over mid September I'm applying for residency straight away will I be liable for huge taxes on my property or is it as I'm moving over at the end of the tax Yr hopefully I'm not in the country enough days to have to pay taxes on the sale of...

 

Read more...

... my UK property? 

Can someone please clarify?!?!