Perhaps one for Marcliff?
Posted: Wed Nov 22, 2023 2:49 pm
We are selling our property in the Comunidad Valencia and planning to move back to the UK in early March next year. We are both pensioners and are currently Fiscal residents (about 15 years) and both receive UK government pensions.
I have conflicting answers to my questions from 2 different accountants.
1) The first accountant informs me that I must remain resident for 183 days from January 2024 so that when the sale completes the Notary will not withhold 3% from the sale plus any capital gains I have made.
2) The second informs me that as long as I am still a Fiscal resident (form downloadable from Agencia Tributaria for proof?) on the day we sign at the Notary there would be no charges of the above 3% etc. even though we would leave for the UK during that same month of March. Therefore, in this scenario we would be here for less than 183 days in 2024 and could be classed as a non-resident?
Could anyone advise me of which accountant information is correct.
Thank you
I have conflicting answers to my questions from 2 different accountants.
1) The first accountant informs me that I must remain resident for 183 days from January 2024 so that when the sale completes the Notary will not withhold 3% from the sale plus any capital gains I have made.
2) The second informs me that as long as I am still a Fiscal resident (form downloadable from Agencia Tributaria for proof?) on the day we sign at the Notary there would be no charges of the above 3% etc. even though we would leave for the UK during that same month of March. Therefore, in this scenario we would be here for less than 183 days in 2024 and could be classed as a non-resident?
Could anyone advise me of which accountant information is correct.
Thank you