cgt when selling home in spain
 

what are the rules for not paying cgt when selling home. how long do you have to be empatranado at the house. is there a difference if one owner is a pensioner.

Re: cgt when selling home in spain
 

A number of factors come into play - values, age, region, fiscally resident and whether you are planning to buy another property.

Re: cgt when selling home in spain
 

value 500, ooo , age of house or owner, granada province. fiscal resident. no not buying another property.

Re: cgt when selling home in spain
 

To avoid paying CGT the house must have been your main home for three years and you must have been fiscally resident and submitting annual tax declarations.

If you reinvest the money in another property within 2 years the gain is exempt. If you are over 65 at the time of the sale the gain is exempt even if you do not buy another property.

If the house is jointly owned then each person will receive any tax exemption that applies to them individually on their share of the gain.

Re: cgt when selling home in spain
 

500,000 in Granada Province?

Must be the Alhambra Palace :)

Re: cgt when selling home in spain
 

no just a beautiful house .

Re: cgt when selling home in spain
 

Loads of properties down here worth much more than that!

Re: cgt when selling home in spain
 

Really? It's very different from where I was in the sticks! I didn't think there was anything any more near that price. You live and learn :)

Re: cgt when selling home in spain
 

Just one example a kilometre away from us.

http://www.inmokarcher.com/casas/show/412