22-11-2018, 11:59 AM
It is all on the Euro value. If there is no CTG to pay in Spain then there is nothing to declare in the U.K. if there is a gain it is converted at the current rate of exchange for your U.K. return.
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| property selling |
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Selling a property
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22-11-2018, 11:59 AM
It is all on the Euro value. If there is no CTG to pay in Spain then there is nothing to declare in the U.K. if there is a gain it is converted at the current rate of exchange for your U.K. return.
1 user says Thank You to Davew for this post
22-11-2018, 01:29 PM
We would sell (if we decide to) at a loss. That said with the exchange rate it would mean we would make a slight profit
in 2005 it was 1.28 euro to the pound.
1 user says Thank You to Si Tie for this post
22-11-2018, 02:06 PM
One can completely see why there is so much corruption in Spain though !! You have to find a way around all the crooks. I can totally understand why so many people resort to cash in an envelope side deals !!! I would as well tbh !!
Glad it worked out for you Archer
23-11-2018, 11:53 AM
A few years back it was common practice to have cash as part of the deal. A solictor's offices had a side room for
this or they would leave the room so the cash part of the deal could be done. Pretty sure a member of the Spanish royal family got caught doing this and I am sure it must still go on in some parts of Spain.
2 users say Thank You to Si Tie for this post
27-11-2018, 01:47 AM
(22-11-2018, 01:29 PM)Si Tie Wrote: We would sell (if we decide to) at a loss. That said with the exchange rate it would mean we would make a slight profit Hi, just as a matter of interest what and where are you selling? We are looking to buy so you never know! Thanks
I'll butt in here if I may.
We have a 2 bed, 2 bathroom duplex apartment with underground parking and store room, central Caleta, if that is of any interest?
Plan A has failed, now resorting to Plan B.Â
1 user says Thank You to Deso for this post
2 users say Thank You to Deso for this post
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