patsywhitehair

fingers crossed we may have sold our house..... now.. we are in UK and people have viewed our house in Spain and they want to put down a very large deposit in sterling and then pay the rest in sterling. What I am trying to say is is this all possible to do? can I conduct this all fm the UK? will I have to pay tax in spain or UK? arrrrrrgggghhhhhhh its all such a minefield would be glad for some advice fm anybody pllllleese. has anybody else ever done this????????? patsy

Rosemary

Cannot help you with this but know that people have said that it is done. Posting really to say congratulations, to wish you well and to say that I hope you have not had too bad a time in the recent bad weather. What a relief for you to have sold already. There must be people on here who know the drill.

Good Luck.

Rosemary

spain

congrats on the sale

friends of ours did similar thing when they sold, they were paid part sterling and part euros - sure anything is poss but best to speak to your lawyer re the tax I would think

there was a thread recently if you can find it

jdr

Nice one.
People can pay in what they want but it has to be in €`s on the paperwork so they know what to tax you etc and that will have to be paid in €`s too. ;-)
There have been other threads on it.

Hillybilly

Don't forget that, assuming you're now selling as a non-resident, your purchasers will have to withhold 3% of the declared price and pay it to Hacienda on account in respect of your CGT liability.