Originally Posted by
Miss Kar
First question - I am a uk resident. I sold my british home and invested all profits in a spanish house in 2006, I was going to move there permenantly. However, I had to return to the uk and rent accomadation in 2007 as my mother was dying. I have continued to rent here in uk since. I want to sell the spanish house now to buy in the uk again. Do I still have to pay CGT if my spanish house is the only house/home i own?
Second question, I took out a loan to complete spanish house improvements, I paid for new kitchen and air con by credit card which I have not managed to repay yet! Can I offset any of this debt against CGT?
Bookmarks