Very helpful member
I have been researching on moving to Spain in recent months and got some very helpful information along the way, opened my eyes a wee bit, plenty to think about, so going throw another query out there and what sort of hrlpful replies I get
I now understand that if I get my Irish pension paid into a Spainish Bank account I am liable for income Tax, now I think my pension would alone not cover my day to day living expenses in Spain, As soon as I purchase a property in Spain , I THINK not sure but I will have to apply for Residence, IF i sell my house in Ireland and get funds transfered to Spainish Bank account, I will become liable for Capital gains, Is this correct, as Capital gains is 24% I think, Or am I better off selling House in Ireland before I BECOME a Resident and get fund transfered as I would rent a property and live like a tourist, until fund can be transfered, that is if a Bank account can be opened, Reason for selling house is to help with living expenses, Sum transfered will a 6 firgure sum
Would be greatful to know if I AM understanding the Tax system in Spain or is there any legal way I CAN avoid a Capital gain bill