My wife and I purchased a property in March 2001 but did not obtain Residencia status until March 2004. I shall be 65 on October 2009. Is it true that if I retain my Residencia status until then and sell the property and return to England, there will be no capital gains tax to pay in Spain?
If this is not correct, is there a reducing sliding scale which is applied to any tax due?
Thank you in anticipation
Steve Pond
If this is not correct, is there a reducing sliding scale which is applied to any tax due?
Thank you in anticipation
Steve Pond
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