View Single Post
  #4 (permalink)  
Old 20th May 2008, 09:15 PM
jojo's Avatar
jojo jojo is online now
Senior Expat
 
Join Date: Sep 2007
Location: Alhaurin de la Torre, Andalucia since 4th feb 08
Posts: 361
Rep Power: 49
jojo has a spectacular aura aboutjojo has a spectacular aura about
Send a message via Skype™ to jojo
Default

Quote:
Originally Posted by Big Pete View Post
Just a thought to overcome capital gains taxation

If the 2 are both written well down in value like say if there worth 200k now then call them both 125k

No Capital gains tax at all .. just an idea ..
Now thats a possibility, although we're gonna have to move the mortgage over and that may make the property in Spain less attractive to the mortgage lender maybe?? - plus, if we want to sell in the future, we'd have an even bigger capital gains tax to pay (...... assuming the property does gain??????) However, that would also solve the stamp duty problem at the english end. Hhhhhmm!??!!! I dont mind bending the rules a little, but I dont want to do anything illegal

If we do this, I think we'll need some very "clued up" lawyers both ends. any reccomendations????


Also, am I right in thinking that it isnt the norm to have a surveyor look over Spanish properties as is done in the UK??

Jo

Last edited by jojo; 20th May 2008 at 09:26 PM.
Reply With Quote