I am about to sell my property that I bought in 2002.
I bought the property for €21,000 and am selling it for €50,000.
I have been resident in Spain since 1999 - but NOT tax resident, as I opted to pay my taxes in UK.
I hear such conflicting stories on capital gains - 18% of the difference in the buying and selling price / 3% on the total sale price / 5% on ???
Can anyone tell me EXACTLY what my tax liability will be?
I bought the property for €21,000 and am selling it for €50,000.
I have been resident in Spain since 1999 - but NOT tax resident, as I opted to pay my taxes in UK.
I hear such conflicting stories on capital gains - 18% of the difference in the buying and selling price / 3% on the total sale price / 5% on ???
Can anyone tell me EXACTLY what my tax liability will be?
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