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We are selling our Villa we are both pensioners and want to know what coststhere are that we dont know about
We know, about the agents fee +Vat, we know about notary, Lawyer fees adn Plus Valia. A friend has told me that there are other taxes involved, Ive googled it but cannot find any info. If anyone can help please get in touch.
Thanks in anticipation of you kind help
Gill
Are you resident or non resident? Are you buying another property anywhere in the EU/EEA?
How long have you lived in the property you are selling? Is it your main home or a second home?
All these points will impact the tax liabilities etc.
Posted: Mon May 22, 2023 1:26pm
marcliff wrote on Mon May 22, 2023 12:57pm:
Are you resident or non resident? Are you buying another property anywhere in the EU/EEA?
How long have you lived in the property you are selling? Is it your main home or a second home?
Read more...
All these points will impact the tax liabilities etc.
We will be buying another property. We are residents for 3years. We are 77 and 68years old.
Posted: Mon May 22, 2023 1:27pm
Sorry our only home from UK owned the house 16 years.
Posted: Mon May 22, 2023 1:29pm
marcliff wrote on Mon May 22, 2023 12:57pm:
Are you resident or non resident? Are you buying another property anywhere in the EU/EEA?
How long have you lived in the property you are selling? Is it your main home or a second home?
Read more...
All these points will impact the tax liabilities etc.
Sorry also lived here permanently for 8 years
Thanks for your help
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If it is your main home as a resident for 3 years or more and you are over the age of 65 then there are no further taxes to pay.
Just the fees you already mentioned.
Posted: Mon May 22, 2023 2:39pm
marcliff wrote on Mon May 22, 2023 1:46pm:
If it is your main home as a resident for 3 years or more and you are over the age of 65 then there are no further taxes to pay.
Just the fees you already mentioned.
Thanks for your help, much appreciated. Are you a lawyer?
dazza70 wrote on Mon May 22, 2023 2:39pm:
Thanks for your help, much appreciated. Are you a lawyer?
Er, no. However I assume the people that told you of the extra charges were referring to capital gains tax.
This is not payable by those over 65 years of age who are selling their main home after living there for 3 years or more. If under 65 you need to buy a property for more than you sold it for including the profit anywhere in the EU.
Posted: Mon May 22, 2023 2:59pm
marcliff wrote on Mon May 22, 2023 2:53pm:
Er, no. However I assume the people that told you of the extra charges were referring to capital gains tax.
This is not payable by those over 65 years of age who are selling their main home after living there for 3 years or more. If under 65 you need to buy a property for more than you sold it for including the profit anywhere in the EU. ...
Read more...
...
Oh I see, well that's really good news, had me worried
Thanks
