Capital gains Tax Question?
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Apologies if this has been covered before.
I just want to know after paying all the relevant taxes on a property sold in Spain. Do you also have to pay capital gains tax back in Britain? If so, can you off-set them?
And am I right in believing Spanish capital gains is now set at 15% and not 35%?
Thank you in advance.
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Dear Verona,
You have not to pay capital gains tax in Britain, you could off-set the taxes you pay in Spain in your next tax return in Britain.
Spanish capital gains is at 18%.
Kind Regards,
Mar Durio
Calle Ancha 30, 2º
E-11201 Algeciras
(t) +34.956.092.687
(f) +34.956.092.697
m.durio@costaluzlawyers.es
www.costaluzlawyers.es
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