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Alfapash wrote on Mon Oct 26, 2020 10:55am:
You do not have to become a tax resident in Spain until the 184 day of residency. Then you do become a tax resident. You are better to act quickly and get property in the Uk sold. Once you are a tax resident of Spain you pay tax on your worldwide income and should declare all your worldwide assets.
If you move from the Uk and sell your own home in the UK that has been your main home, there is no CGT to pay as long as it's sold between the date you move to another country and 9 months later. This is called the final period. If you leave the UK and then rent the house out, there is CGT to pa...
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...y when you sell it at a later date in Spain as it will have become a taxable asset in Spain as will the rental income.
If you read Kelvin's post he already is a resident and was a resident on selling his UK house. On applying for residency it is a condition you become a tax resident anyway as you can't be out of Spain more than 6mnths to retain residency, however I have never heard of the "9 month final period" you mention to avoid CGT as surely once you have residency, you are in effect a tax resident from then. Exception to that rule if you get residency in the last half of year when there are less than 183 days left in that year.
Regards
Pauline
