capital gains tax on property

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This topic contains 4 replies, has 5 voices, and was last updated by Profile photo of Anonymous Anonymous 4 years, 7 months ago.

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  • #51154
    Profile photo of Anonymous
    Anonymous
    Participant

    As a non-resident is there any way round having to pay capital gains tax on selling a house in Spain even when I would be buying another, more expensive one also in Spain.

  • #58458
    Profile photo of Anonymous
    Anonymous
    Participant

    I can’t think of any way, though becoming resident should get you off the hook. This can open up a tax can of worms, mind, depending on where else you are claiming residency!

  • #108486
    Profile photo of Anonymous
    Anonymous
    Participant

    Note that the Spanish Government quietly put up CGT this year from 19pc to 21pc.

  • #108498
    Profile photo of Anonymous
    Anonymous
    Participant

    There aren’t going to be too many people paying CGT if they bought in the last 8~10 years and are selling now, once prices are adjusted for inflation!

  • #108505
    Profile photo of Anonymous
    Anonymous
    Participant

    JP1, that is what you think. The Spanish Tax man has his/valution. There are threads on this.

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