23 May 2007 6:59 PM:

Guys thanks a lot for  your response its all greatly appreciated! Firstly I am a woman LOL! But hey how were you to know. I don't understand about not declaring it we haven't even found a solicitor yet as my former solictor we used for the purchase has not replied to any of my emails they've had their money and now they don't want to help us any further so if any of you out there know any GOOD solicitors let me know thanks. Anyone got any idea how long it can take up to to sell a house in spain , yeah I know how long is a piece of string but if anyone has any experiences I would be interested to know. Are there any other tax's that would have to be paid when selling a house in spain I  mean basically I am selling it and wanting my money back I don't intend to purchase another property in Spain what will I have to pay out of my sale other than the CGT and solicitors fee's and the agents selling fee's? I did think about keeping it for another year well if it doesn't sell I will be but I was wondering if it would be better to keep it for longer for the investment side of it as I have heard that properties in Murcia are going up in value at quite a fast rate and particulary faster than other regions of Spain is this true?

Once again thanks guys

Cazzdrazz

Thread: CAPITAL GAINS TAX

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22 May 2007 3:11 PM:

Hi we only completed our purchase at the notary in april 07, we have since got it on the market , I was reading that if a property is sold within the first year you don't pay CGT . And if you do do you pay CGT on the whole of the amount you sell it for or just on the profit you have made?

 

We want to know this and a solicitor won't tell me unless I pay him upfront and sign documents saying I'll use him befofe he gives me any advice.

 

 

Anyone got any ideas on how much we would pay if we paid 160 euro and sell for 210 bearing in mind we will have to pay a big mortgage back of 117 so not gonna be left with much

 

 

 

Hope somebody can help

 

 

 

Thread: CAPITAL GAINS TAX

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