CGT on selling UK property and living in Spain

Discussion in 'Spanish property' started by dm1969, Apr 4, 2019.

  1. dm1969

    dm1969 New Member

    Here’s a conundrum:

    - bought UK property in 2006 for circa £300k
    - it’s now valued at circa £600k
    - mortgage practically paid off

    I have rented it out for last 6 months as I am now based in Spain where I am renting.

    I understand that if I sell the UK property and use the funds ( some of them) to invest in a property here in Spain ( to become my main residence) I would not be liable for CGT here in Spain.

    Is my understanding correct?
     
  2. FWL

    FWL Member

    Does it not depend on where you are domiciled for tax purposes? I would take advice although I am sure there will be people on the forum who have been in a similar situation.
     
  3. Longterminvestor

    Longterminvestor Administrator

    Will Brexit muddy the waters a little for you? Take professional advice.
     
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