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EXPLAINED - Capital Gains Tax Liability in Spain When Selling Your Main Residence & Moving to Spain

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MyLawyerInSpain

MyLawyerInSpain

Күн бұрын

Capital Gains Tax Liability in Spain When Selling Your Main Residence and Moving to Spain | Alex Radford talks to Pedro San Nicolás González
Are you planning to sell your main residence and move to Spain? You may be liable for Capital Gains Tax. In this interview, Alex Radford talks to Pedro San Nicolás González of our Ciudad Quesada office about the tax implications and deductions you need to know
Contact us at enquiries@mylawyerinspain.com for help with your move to Spain.
#movingtospain #taxinspain #mylawyerinspain

Пікірлер: 16
@MyLawyerInSpain
@MyLawyerInSpain Жыл бұрын
If you need assistance with your tax and understanding any capital gains liability contact us at mylawyerinspain.com Or via email at enquiries@mylawyerinspain.com
@thomaswilliams7888
@thomaswilliams7888 4 ай бұрын
Thank you. Tom
@thomaswilliams7888
@thomaswilliams7888 4 ай бұрын
Great video lots of information. However, can you clarify what you mean by a way to “mitigate having to pay capital gains tax on the sale of your property in your home country? “Can you give an example. Thanks look forward to your reply. Tom
@MyLawyerInSpain
@MyLawyerInSpain 4 ай бұрын
Suggest we set up a call and discuss Tom.
@Sirpooter
@Sirpooter 7 ай бұрын
Can you clarify some of the information in your video if you plan on working in Spain? There are 3 ways to become a Spanish tax resident (ANY of the 3 below and so the 183 rule is only one of them): - spend over 183 days in Spain - make Spain the centre of your economic interests - make Spain your family base (i.e. your spouse & kids are resident in Spain) Also, only people who sell their homes in the EU can benefit from avoiding to pay the capital gains tax by reinvesting in a new home in Spain. It doesn't apply for people outside the EU. Correct?
@sonaliahairsalon657
@sonaliahairsalon657 Жыл бұрын
IT took me some searching to come across your KZfaq videos, I can't tell you how many I have seen and people I have talked to including masterclasses in moving to Spain. and I just want to say your videos are the most informative I have come across. and I want to thank you for this. Everyone speaks in generalities and your group speaks in fact and details which is incredibly useful. it also does a very good job of selling your professional skills and knowledge, which honestly, I very likely will use here soon. I also like how you are a one stop shop for immigration, taxes and other issues. This is not a paid advertisement for you just the honest truth based on my experience so far.
@MyLawyerInSpain
@MyLawyerInSpain Жыл бұрын
Thanks so much for commenting Sonia - we are delighted you have found our channel and the videos are supporting your move to Spain.
@thomaswilliams7888
@thomaswilliams7888 4 ай бұрын
Hi Alex thank you so much for your prompt reply. We own our home in the UK, are both retired and receive pensions. We have looked at the requirements as listed by your company for a NLV , and know we qualify. However, we are following your videos and need clarification at times. Hence the question. At present we are not ready to have that telephone conversation but would like you to answer our question if possible. Look forward to your reply. Tom
@MyLawyerInSpain
@MyLawyerInSpain 4 ай бұрын
Tom in effect if you sell your main home in the UK and move to Spain do not spend more than 183 days in Spain in that year to avoid becoming a Spanish tax resident and thus possibly paying capital gains tax in Spain on the sale of your main residence because you do not reinvest all sales monies into your Spanish property.
@thomaswilliams7888
@thomaswilliams7888 4 ай бұрын
Alex thank you for cleaning that up. With regards to your video on wealth tax. What if all assets are in joint names, house in UK, house in Spain, bank accounts etc. we have a property in Quesada Alicante region. Is the wealth tax limit €500.000 each or €500.00 for our joint assets. Tom
@MyLawyerInSpain
@MyLawyerInSpain 4 ай бұрын
@@thomaswilliams7888 it is each per person
@dantorres506
@dantorres506 10 ай бұрын
How would the tax authorities in Spain know that I made a gain in selling my property?
@anabellabella2266
@anabellabella2266 Жыл бұрын
very informative video, should I sell my house in my home country before or after my Spanish non lucrative visa? thanks
@MyLawyerInSpain
@MyLawyerInSpain Жыл бұрын
Hello Anabella - contact us at mylawyerinspain.com and we can provide you with individual tax advice. Many thanks
@ian001
@ian001 Жыл бұрын
When calculating CGT is the €/£ exchange rate at the time of sale also used to calculate the € purchase price or do you use the €/£ exchange rate at the date of purchase?
@MyLawyerInSpain
@MyLawyerInSpain Жыл бұрын
Hello Please contact us at enquiries@mylawyerinspain.com so we can provide the advice. Thank you
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