Selling my house?

Information and questions about the Law in Spain and Andalucia.
Spud
Andalucia.com Amigo
Posts: 64
Joined: Tue Sep 21, 2004 5:30 pm
Location: Antequera

Selling my house?

Postby Spud » Sat Aug 01, 2015 1:05 pm

IF I was to sell my house and buy another property for the same money in another EEA country would I have to pay Capital Gains Tax in Spain?

El Cid
Andalucia Guru
Posts: 16058
Joined: Sun Oct 24, 2004 10:42 pm
Location: La Herradura, Costa Tropical, Granada

Re: Selling my house?

Postby El Cid » Sat Aug 01, 2015 1:30 pm

If you are tax resident in Spain and have lived in it for more than 3 years and you reinvest all the money, within 2 years, in another home in the EEA that you intend to live in permanently, then you will be exempt from CGT in Spain.

If you are over 65 and the above rules about your house being your habitual residence apply, then you don't have to reinvest.

Sid

Spud
Andalucia.com Amigo
Posts: 64
Joined: Tue Sep 21, 2004 5:30 pm
Location: Antequera

Re: Selling my house?

Postby Spud » Sun Aug 02, 2015 12:41 pm

Thanks for making that clear


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