Hi folks
Quick query
If I sell my UK home and move to Spain I realise after 183 days there I am tax resident.
Does this mean effectively if I sell my UK home and move to Spain in the same year I will owe CGT to Spain on the sale of my UK home?
I am thinking the way round this is don’t move to Spain until after calendar day 183 (beginning of July) in any year.
Comments answers much appreciated
CGT in Spain on UK property
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Re: CGT in Spain on UK property
Your thoughts are correct. In Spain, unlike the UK, when you meet the tax residency criteria in a given year, you are deemed tax resident for the whole of that year. So if the gain is in that year, CGT is due.
As you say, just move to Spain in the second half of the year.
Sid
As you say, just move to Spain in the second half of the year.
Sid
Re: CGT in Spain on UK property
Thanks very much Sid
I appreciate it
I appreciate it
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