CGT on selling UK property and living in Spain

D

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?
 
F

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.
 
L

Longterminvestor

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