
I´m selling my house in Spain and want to know the best way to transfer money from the sale without paying tax
I live in Spain but want to move back to England (no, I´m not mad! I have my reasons). I want to sell my house here and move the funds raised to a bank in England. How can I do this without being clobbered for income tax? Or any other tax, for that matter. I know that in Spain I will have to pay capital gains tax but I don´t want to pay any other tax.
If you sell your house in Spain while still a non resident of the UK, there will be no Capital Gains in the UK. As for the proceeds of the sale, there is no tax on transferring your money from Spain to the UK. (Possible bank charges but no tax). An offshore account wouldn’t work if you are going to be a resident of the UK, as worldwide income is taxable in UK while resident here.
Property for sale in Spain, Andalucia, Villamartin