Hi does anyone have know what possible tax is payable on the sale of a house owned by a fiscal resident? Ie what the seller would pay in capital gains tax.
Quote from: El curato on December 08, 2017, 08:42:48 AM
Hi does anyone have know what possible tax is payable on the sale of a house owned by a fiscal resident?
best contact Amanda she will be able to do the numbers for you .
Hi tetley
Hoping to get some input from someone who has actually been through the process and come out the other side.
Quote from: El curato on December 08, 2017, 09:47:34 AM
Hi tetley
Hoping to get some input from someone who has actually been through the process and come out the other side.
thats fair comment but i would think Amanda will no the numbers if you tell her your purchase price,castrol value and sale price.
Much better to get an up to date accurate answer from Amanda than guesswork, and she won't charge you for it.
https://www.mamsolicitors.com/buying-a-house/taxation-and-costs/
I.T.P. Transfer Tax at a rate of: – 8% of the declared value of the property for properties located in Murcia. – 8% of the declared value of the property for properties located in Andalucia and with a price of up to 400.000 euros. Higher values are taxed at a higher rate. – 10% of the declared value of the property for properties ...
I thought transfer tax was paid when you buy a house, not when you sell? Capital gains tax might be payable but not if you haven't made a profit, though the route to this is a bit complex! You won't pay anything, I think, if you are re-investing the money from the sale within 2 years to another house in any EU country, so if you want to buy again in the UK best get in quickly!
The best advice on here is to ask Amanda Oakley - she is the expert!
http://aloservices.es/
I agree and repeat:-
The best advice on here is to ask Amanda Oakley - she is the expert!
http://aloservices.es/