Re: Re: Comparison of living costs – Spain vs UK

#117282

angie
Spectator

Can someone explain the Capital Gains Tax situation on own homes in Spain? In the UK this doesn’t apply to your own property, but I think it is paid on homes in Spain unless resident or continually re-invested in property for so many years, or age over 65 and resident 3 years. I’ve read it can go up to 30% of any profit on a sale of property. UK system seems a lot easier to grasp, ie ‘none’, unless on multiple properties 🙄