Quote Originally Posted by John Connor View Post
If I were to sell my property in Spain I understand I'd have to pay CGT.

I live in the US now, so when I pay CGT in Spain, the US can't tax me on any of the money if I send it over here over a wire transfer, right?
Dear Sir,

That is incorrect. In the case of UK citizens, with which I'm more familiar, they may have to pay CGT twice on selling Spanish property. Both to the Spanish Tax Office and also to the HMRC depending on how much is their UK tax rate.

I'm unaware of the IRS but I suggest you query a US lawyer in the state where you live on this matter as you may be required to pay CGT twice (taxed on the difference in the US).

Yours faithfully,
Raymundo LarraÃ*n Nesbitt