Hi there,
can anyone advise me what the tax position is when you sell your Spanish home? I believe it is 35% for a non-resident; however does this change if the property is owned for more than two years? We moved out here a year ago, bought a property and applied for Residencia (which will not be finalized until August 2007). However we must now return to the UK. As all of our money is invested in the property we need to know the best way to sell it. It is better to try and sell now before we leave for the UK or to hold onto the property for another year, when of course we would no longer be Spanish residents? Any suggestions please?
Thanks in advance