cgt when selling home in spain
Jan 7th 2013, 11:18 am
#1
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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.
Last edited by janharrop; Jan 7th 2013 at 11:20 am. Reason: spelling
Jan 7th 2013, 11:29 am
#2
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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.
Jan 7th 2013, 11:46 am
#3
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Re: cgt when selling home in spain
value 500, ooo , age of house or owner, granada province. fiscal resident. no not buying another property.
Jan 7th 2013, 12:08 pm
#4
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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.
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.
Jan 7th 2013, 2:14 pm
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Jan 7th 2013, 2:16 pm
#6
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Re: cgt when selling home in spain
no just a beautiful house .
Jan 7th 2013, 4:37 pm
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Jan 7th 2013, 8:14 pm
#9
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Re: cgt when selling home in spain
