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Spanish tax implications after selling in UK

Posted: Thu Jun 17, 2021 3:57pm
2 replies141 views5 members subscribed
Lorr2019

Posts: 8

Joined: 24 Feb 2019

Does anyone have knowledge of a potential Spanish tax benefit of selling a property in the UK one year and buying one in Spain the following year. 

I have been told that if I sell in the UK and buy in Spain the same year, they tax you in Spain on the UK sale??

Kelvin1960

Posted: Thu Jun 17, 2021 6:26pm

Kelvin1960

Super helpful member

Posts: 1486

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Joined: 5 Mar 2017

Posted: Thu Jun 17, 2021 6:26pm

If you sell your primary UK residence after you become tax-resident in Spain, you will be liable for CGT in Spain.

So sell your UK home before you become tax-resident in Spain.

killjoy

Posted: Thu Jun 17, 2021 8:14pm

killjoy

Super helpful member

Posts: 3230

1852 helpful points

Location: Orihuela Costa

Joined: 4 Nov 2017

Posted: Thu Jun 17, 2021 8:14pm

That's the Law. How was that saying about "not waking up sleeping dogs"?

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