Capital gains tax relief/exemption

Information and questions about the Law in Spain and Andalucia.
blueskies
Tourist
Posts: 12
Joined: Thu Sep 10, 2020 1:02 pm
Location: Andalucia

Capital gains tax relief/exemption

Postby blueskies » Tue Nov 02, 2021 9:36 am

Hello,

I have a couple of questions on capital gains tax main home relief/exemption for under 65.

"Reinvestment relief is available to Spanish residents when they sell their main home and invest in a new one. To qualify for this relief, the property must be your main residence and you must have lived in it continuously for at least three years."

Q1. For a fiscal resident since 1 Jan, 2020, in order to qualify for the reinvestment relief, when will the 3 years be reached? Will it be 2 July, 2022 (upon being 183 days in Spain, hence becoming a tax resident for that year) or 31 December, 2022 (when year 3 is fully complete)?

"The main residence does not need to be in Spain to qualify for the relief, nor does the new home."

Q2. Can the new residence be located in England or only in the EU?

Thanks so much for any advice.

blueskies
Tourist
Posts: 12
Joined: Thu Sep 10, 2020 1:02 pm
Location: Andalucia

Re: Capital gains tax relief/exemption

Postby blueskies » Wed Nov 03, 2021 9:43 am

Hi all,

I am looking for a competent tax professional who is well versed in Spanish capital gains tax, etc.

If anyone has used or knows of someone that is knowledgeable in taxes, please could you PM me. It would be really appreciated. THANK YOU.


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