Selling In Spain
Jan 20th 2020 | 12:55 am
#1
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Joined: Jan 2020
Posts: 2
Selling In Spain
After many years we have now sold because of health reasons. Sale is completed but I'm unsure if I need to record the transaction on my UK tax return. Any help would be appreciated. Thanks in advance
Jan 20th 2020 | 1:41 am
#2
Started off with nothing
Joined: Feb 2009
Posts: 4,987
Re: Selling In Spain
You will be responsible for tax in Spain, normally 3% of the sale proceeds is retained. If you did not make a profit this can be recovered.
AFIK, there is no need to declare to HMRC, but you might want to give them a phone?
AFIK, there is no need to declare to HMRC, but you might want to give them a phone?
Last edited by missile; Jan 20th 2020 at 2:55 am.
Jan 20th 2020 | 1:49 am
#3
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Just Joined
Joined: Jan 2020
Posts: 2
Re: Selling In Spain
Many thanks - I thought that was the case but somebody had planted a doubt in my mind about reporting the gain on my UK tax return.
