Taxes and selling a Spanish property

That's what we did. Bought this last property in 2008 but just visited until we sold in December 2010 and took up residency in Jan 2011. Spanish tax people not interested in anything you did before the year you took up residency and only on Spanish derived income as a non resident. Once you become resident your entire worldwide income is game.

But rent. With the amount of tax you pay on buying property here you could get a good couple of years paying rent and save money. Also the advantage of seeing if you like the area and simply rent somewhere different if you don't even if it's a different area of the same town.

Thanks again, Sir.

You might just have changed my entire approach and doubtless for the better. I was going to look at properties to buy this month. Maybe I should just treat the week over as another opportunity to explore a place I wish to rent later in the year?

I wouldn't put anyone off buying their home. You just have to work when it's best for you. After all, we bought our house when UK was part of the EU but it applies to everyone.

Oh, you haven’t put me off buying. Just delayed I guess. If I decide Spain is for me, I will be buying. If something knocks my socks off later this month, I shall buy it, but treat it as a holiday home until I decide to sell up in the UK.

Let’s say I become a Spanish resident on a property worth €200,000 and after 5 years decide to sell up and return to the UK and I get €220,000. Would I only pay the 19% CGT on the €20k or the whole price of the property (ie €220k)?

CGT stands for Capital Gains Tax. It means you pay tax on the gains. So just what the value has gone up but I doubt you'd get 20k profit in 5 years in Spain.

Thanks so much for all the terrific info. Will still look later this month, but no rush!

Help needed
If I purchased a flat in July 2017.
Moved here in November 2017
Became a resident in July 2018. When should I have started paying taxes.
You have already said that Spain are not interested in the flat I sold in October 2017 to move to Spain.
2nd question is I have been to 3 different accountants here in Spain . None of them know where to add HMG Pension to the form.

If after July 3rd 2018 then you would become tax resident in the year 2019 and pay taxes in 2020 for that year.
Not very good accountants then if then don't know which box to enter the non taxable HMG pension in. It goes in the exemption with progression part. I stopped doing my own tax return some time ago as it started getting complicated and can't remember the number of the box but several in Quesada have been recommended. Mine is in Torrevieja and, apart from the tax return, are pretty useless so I wouldn't recommend them.

There was someone here one TQ that did I Guide on how to do a Spanish tax return. But I cant find it..