Selling UK property - Eye on Spain

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Friday, March 28, 2008 chrissmith Ático I've made 106 posts Send private message to chrissmith	Not sure if this is the right discussion area but I am really keen to know if any of you who are resident in Spain have sold a house in England after you became resident. Did you have to declare the sale to the hacienda and if so did you have to pay any Spanish tax. Is there any other issues to consider when doing so. My position is that I will be living in Spain soon so need to decide whether to sell up my main residence in England before arriving in Spain or not. Cheers Chris Spam post? If so please click here to report it
15 May 2008 9:56 AM TechNoApe Adosado I'm in Braunton, Devon & Duquesa, Manilva I've made 307 posts Send private message to TechNoApe	That is a good question. We are in a simillar position in that we will soon be moving to Spain and am in the process of getting the UK property ready to be put on the market. So, as you have already asked, is it better the sell the UK property 1st or not? Anyone got any thoughts on this? _______________________ Bribary will get you everywhere ... So they say!! Spam post? If so please click here to report it
15 May 2008 1:45 PM Acapulco Adosado I'm in U.K./ Costa Blanca South. I've made 226 posts Send private message to Acapulco	Similar position myself. I seem to recall seeing on one of those tv programmes on buying in Spain that they said it was best to sell first and you then had a window of 3 months (?) in which to buy your Spanish property without paying capital gains tax. Something along thgose lines anyhow. _______________________ If you're going through hell keep on going, you might get out before the devil even knows you're there. Spam post? If so please click here to report it
15 May 2008 2:07 PM morerosado EOS Superstar I'm in Somerset, UK / Guardamar Del Segura on the Costa Blanca I've made 5674 posts Send private message to morerosado	More to your aid SELLING UK PROPERTY BEFORE MOVING TO SPAIN _______________________ More is listening to http://www.wave106fm.com/ coming from Spain, as I post. Spam post? If so please click here to report it
15 May 2008 2:22 PM sterling Apartamento I'm in Kent & Partaloa, Almeria I've made 70 posts Send private message to sterling	What a honest lot you are!!! _______________________ Sterling Spam post? If so please click here to report it
17 May 2008 3:49 PM Gypsy Ático I'm in south shields/formentera I've made 130 posts Send private message to Gypsy	Am I understanding this correctly. We are in the process of moving to spain permanently, BUT have been advised to sell our english property before we apply for residencia so as to avoid paying capital gains tax.Also that we need to live in spain for 5 years or could be liable to pay CGT if we went back to england within this time.So at the present time we are still resident in england and travelling between the two countries.IS THERE ANOTHER WAY OF DOING THIS???? _______________________ GYPSY Spam post? If so please click here to report it
14 Jun 2008 7:04 PM semijubilada Finca I'm in London/Torrevieja I've made 682 posts Send private message to semijubilada	I've read the article listed by More above twice now. I thought you were only liable for CGT if you sold a 2nd property, so if you sell your main residence then you shouldn't be paying CGT. If you already have a home in Spain then you will have been paying Patrimonia/Renta as it is not your main residence. Doesn't the article say that you should be liable to be taxed in the country the house is in therefore as it's your only residence in UK you'll not pay CGT. Haven't heard about the five year rule before but then I've never been in this situation. Must ask my friendly tax inspector next time we meet for lunch. Spam post? If so please click here to report it
15 Jun 2008 9:21 AM Gypsy Ático I'm in south shields/formentera I've made 130 posts Send private message to Gypsy	Hi semijubilada, Thanks for clarifying this for me. Will now go ahead and sell english property BEFORE we apply for spanish residency. _______________________ GYPSY Spam post? If so please click here to report it

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