Hypothetical scenario

Post reply   Start new thread
:: New - Old :: Old - New

Pages: 1 |

Forum home :: Latest threads :: Search forums
The Comments
03 Oct 2008 12:00 AM by Lauryc Star rating in Was South Devon .. n.... 520 posts Send private message

Lauryc´s avatar
If we move to Spain and close down the company.. then my husband goes sub contract and works in London during the week... then pays autonamo, we would be on the Spanish system, I presume.

Then ...after a year or so, we sold our UK house... 

Would the money from the sale be liable to capital gains tax in Spain?

Laury

_______________________

Laury




Like 0      
03 Oct 2008 8:49 AM by mariadecastro Star rating in Algeciras (Cadiz). 9402 posts Send private message

mariadecastro´s avatar
Laury:

Full explanation needed... specially on a Friday and... out of batteries

Maria

_______________________

Maria L. de Castro, JD, MA

Lawyer

Director www.costaluzlawyers.es

El blog de Maria



Like 0      
03 Oct 2008 9:45 AM by Lauryc Star rating in Was South Devon .. n.... 520 posts Send private message

Lauryc´s avatar

Hi Marie
Thanks for coming back to me.

Well at the moment we are in the UK and have a Ltd company.

When we move to Spain in a month, my husband will have to carry on earning to pay our commitments. So he will be commuting to London from Spain on a Monday to Friday basis. If we continue with our company, we fall under the British tax systems.

If, when we move, we close down the company and my husband elects to sub contract to the British companies and commute, we would presumably fall into the Spanish system and pay our taxes etc there.

As our UK house hasn't sold and is being rented for now, we will be looking at the market next year and perhaps getting a sale then.

Under the British system there would be no capital gains as it's our main residence in Britain. In Spain, however, wouldn't it be classed as a second home?  I wondered if we would have to pay gains on any profits.

I don't suppose that makes any more sense.

Laury



_______________________

Laury




Like 0      
03 Oct 2008 10:37 AM by Lauryc Star rating in Was South Devon .. n.... 520 posts Send private message

Lauryc´s avatar

Another option.

Set up a LTD company in Spain which owns the shares in the UK?
Freedom of money movement between countries?

Now i'm really getting confused. 

Laury



_______________________

Laury




Like 0      

Pages: 1 |

Post reply    Start new thread


Previous Threads

CLOVER PROPERTIES - 2 posts
A Newbie ! - 0 posts
is this right regarding the Habitation licence - 2 posts
Credit Crunch & Developers - 7 posts
Almeria - 13 posts
The Wok Vera Playa Almeria- is it still open? - 19 posts
Advice: best way to drive-Manchester to Almeria - 3 posts
Yearly Cost of a Spanish Bank Account - 19 posts
new kid on the block - 5 posts
Hairdresser needed in the Santiago de la Ribera Area - 11 posts
Have a look at Vera in Almeria: attractive location - 0 posts
Has anyone had any good foof finds lately in the supermarkets?? - 4 posts
I would like to work from home......... - 2 posts
Did the earth move for you? - 0 posts
Complete newcomer to being a Spanish property owner - 4 posts
Palmera Properties, La Perla...anyone know what's going on?? can you advise ?? - 39 posts
Casa de la Vega, Vera - 8 posts
Long Term Parking Near Murcia Airport (pick up and drop off service) - 2 posts
Snakes!!!!!!! - 19 posts
Renault Scenic Diesel for sale(Spanish) - 1 posts
Tabacs nr St Javier Airport ? - 8 posts
has any one bought..... - 0 posts
Removal Company - 2 posts
Gardens of manilva country club - 2 posts
Excess baggage charges. - 16 posts

Number of posts in this thread: 4

DISCLAIMER:  All opinions posted on these message boards are the opinion solely of the poster and do not necessarily reflect the opinion of Eye on Spain, its servants or agents.


1 |
Our Weekly Email Digest
Name:  
Email:
   


This site uses cookies. By continuing to browse you are agreeing to our use of cookies. More information here. x