Capital Gain Tax for over 65s
Capital Gain Tax for over 65s
Where do my wife and I stand being over 65s, and residents, in relation to selling our main and only residence here in Andalucia, with regards to any CGT on the property.
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- Andalucia Guru
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Re: Capital Gain Tax for over 65s
No CGT is payable if over 65.
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Sid
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- Andalucia Guru
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Re: Capital Gain Tax for over 65s
....providing that it has been your principal residence for at least three years.
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- Resident
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Re: Capital Gain Tax for over 65s
Won't they also have to obtain certificates of fiscal residence from Agencia Tributaria, so that they won't have the 3% of the sale proceeds retained against a potential CGT liability, as non residents do?
Re: Capital Gain Tax for over 65s
adding on, what would an under 65 pay who was not a resident. Purely a holiday home.
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- Andalucia Guru
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Re: Capital Gain Tax for over 65s
19% on the gain. If there is any!
Re: Capital Gain Tax for over 65s
I suppose that will increase once brexit is finally done. Hope its not back unto 35%.
Re: Capital Gain Tax for over 65s
They usually manage to find a gain even if you are making a loss
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- Andalucia Guru
- Posts: 11081
- Joined: Tue Jun 15, 2004 11:11 pm
- Location: Guadalhorce Valley
Re: Capital Gain Tax for over 65s
Yes, it is now 24% for fiscal residents of non EU countries but with many sellers currently making a capital loss it is not really an issue.
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