- This topic has 0 replies, 1 voice, and was last updated 4 years, 4 months ago by .
- You must be logged in to reply to this topic.
Spanish Property Insight › Forums › Spanish Property Forums › Property Questions & Answers › Spanish Capital Gains Tax on UK Property
Tagged: Capital Gains Tax CGT
Hi,
I wonder if someone could shed some light on this.
I have been living and working in Spain for 4 years. I am a resident with an NIE and a proper job. My partner got an NIE when she arrived but it has expired and she has never worked. We have 2 kids in the local school system.
We are in the process of selling our jointly owned house in the UK. As it was our primary residence in the UK we will have to pay very little CGT in the UK.
But I’ve just found out that we are liable to pay CGT of up to 23% in Spain…
“Under the UK/Spain Double Tax Treaty, gains arising on UK properties are subject to Spanish capital gains tax at rates of up to 23%. This would apply even if the property was your main home before you moved to Spain. You would also be liable to UK capital gains tax. From 6 April 2015, UK capital gains tax applies on the sale of UK residential property even if the owner is non-UK resident.”
https://www.blevinsfranks.com/Portals/0/Tax%20Guides/SpainTaxGuide.pdf
Can anyone tell me how they work out the % I would pay.
Moreover, if my partner is not officially resident here, would we pay on here half of the property?
It seems bizarre that Spain would apply a tax on UK property when the UK does not.
Thanks in advance!
A password will be e-mailed to you.
Login or Register to read articles without any adverts in the text.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.