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Capital gains tax
Posted: Thu Jun 8, 2023 8:29pm
Does anyone now if the Spanish tax take anything into consideration when charging CGT the sale of a house in the uk eg inflation or money spent on the house thanks
Yes they take into account if you have paid for work on the house eg extension, interior reform but you may be asked to show receipts for the work.
Posted: Sat Jun 10, 2023 10:53pm
Helpful member
If you are now a resident in Spain, these rules apply within UK. https://www.litrg.org.uk/tax-guides/savers-property-owners-and-other-tax-issues/capital-gains-tax/capital-gains-tax
As for CGT in Spain inflation would not be taken into account, but the new building works yes,
If you contact these people, they are accountants in both Spain and UK and should be able to help you.https://www.lemon.consulting/
Posted: Mon Jun 19, 2023 11:42am
TeresaB wrote on Fri Jun 9, 2023 7:59pm:
Yes they take into account if you have paid for work on the house eg extension, interior reform but you may be asked to show receipts for the work.
Thank you
Posted: Mon Jun 19, 2023 11:42am
Holaitsdavid wrote on Sat Jun 10, 2023 10:53pm:
If you are now a resident in Spain, these rules apply within UK. https://www.litrg.org.uk/tax-guides/savers-property-owners-and-other-tax-issues/capital-gains-tax/capital-gains-tax
As for CGT in Spain inflation would not be taken into account, but the new building works yes,
Read more...
If you contact these people, they are accountants in both Spain and UK and should be able to help you.https://www.lemon.consulting/
Thank you
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