British Expats

British Expats (https://britishexpats.com/forum/)
-   Spain (https://britishexpats.com/forum/spain-75/)
-   -   Selling up (https://britishexpats.com/forum/spain-75/selling-up-672882/)

mikelincs Jun 19th 2010 10:44 pm

Re: Selling up
 

Originally Posted by Michael74 (Post 8644346)
!

Have found the information re Estate Agents and lawyers most helpful but am a little confused re ‘Resident Tax Returns’ – Our income is such that we do not pay any tax to the UK so would consider ourselves to be in the ‘Non Tax bracket’ as far as Spain is concerned.

Have read comments re – No tax on the sale as we are both over 65 and also a tax of 18% mentioned. We have been residents since 2004 with Padrons and NIE numbers etc.


Even if you pay no tax, then you should still do a tax return, it just shows that you are a fiscal resident, which can be helpful. We did them when in Spain.

pchelpinenglish Jun 20th 2010 12:45 am

Re: Selling up
 

Originally Posted by pete_l (Post 8640486)
Going back to agents. Apart from smallish amounts for legal certificates (and I do mean small: €50) don't pay them anything up front. Don't take any notice of what they say "standard" commissions are, negotiate everything. Hard. You'll have to keep nagging them, too. Make sure they have all your details correct. Make sure the entry on their website is accurate and that the amount they have it advertised at is what you expect. If they aren't sending people round to view, get on the phone or go and ask why. Don't sign anything that gives them sole rights to sell the place - once the initial flurry of new interest dries up, they will do little or nothing to promote your place.

Phew!

the most important thing the aagent you permit to sell it. once instructed visit his office or website to see what price he has it up for. its not uncommon for them to ask how much you want, stick 20-30-40-50 thousand on for their own pocket. thats how it works in spain. thats on top of their commision !!!!

Michael74 Jun 20th 2010 4:19 am

Re: Selling up
 
Thankyou both, will certainly follow the advice re tax returns and keeping any eye on any agents.


All times are GMT -12. The time now is 4:14 pm.

Powered by vBulletin: ©2000 - 2026, Jelsoft Enterprises Ltd.
Copyright © 2026 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.