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Capital gains tax
Posted: Sun Jun 11, 2023 8:39pm
I’m a U.K. resident with a holiday apartment in Torremolinos. As the U.K. is no longer in EU is it 24% capital gains tax to pay on the sale?
Can all cost involved in the original purchase and all cost involved in the sale together with documented invoices for improvements be used to reduce the final profit/gain and hence reduce the final capital gains tax. ?
When I purchased the property I paid €100k plus 10% purchase tax = €110k. When calculating the difference between the purchase and sale price for capital gains would I use the €100k or €110k figure.
