CGT Tax relief

Old Nov 3rd 2009, 6:03 am
  #16  
 
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Default Re: CGT Tax relief

Originally Posted by Casa Santo Estevo
So from that I gather you have to fill in a tax declaration for 2years or until you have purchased another property in the EU. I bet the hosue purchase documents will have to be written in Spanish for the authorities to reorganised the purchase too, or am I being to sceptical?
You would submit a declaration in the normal way for the year that you sold the house as you would have been tax resident then. I assume that when you have reinvested the money you then submit another declaration with the details of the new house.

Tax in Spain is by self declaration, paperwork is usually only required in the event of an investigation.

I have been paying tax in Spain for 10 years and have never submitted any paperwork or evidence of income etc to anyone.
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Old Nov 3rd 2009, 8:28 am
  #17  
 
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Default Re: CGT Tax relief

Originally Posted by Fred James
You would submit a declaration in the normal way for the year that you sold the house as you would have been tax resident then. I assume that when you have reinvested the money you then submit another declaration with the details of the new house.

Tax in Spain is by self declaration, paperwork is usually only required in the event of an investigation.

I have been paying tax in Spain for 10 years and have never submitted any paperwork or evidence of income etc to anyone.

Many thanks for the reply.
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