Hello,

The information given above is correct, but it can be restricted when it comes to point out that the seller of the UK property is a Spanish resident.

The sale in the UK is declared in the Annual Income tax declaration, where for instance the price was 150.000 Euros and 10% ( 15.000 ) was paid for capital gain taxes. The Spanish Tax office will calculate what the profit would have been if the transaction had taken place in Spain ( for instance, 15% tax, 22.500 Euros). As Spain and UK have a doble taxation treaty, the Tax officer will ask the Spanish resident to pay the difference between the taxes paid in UK and the taxes such a transaction attracts in Spain. In our example, it would be the difference between 22.500 and 15.000; that is, 7.500 Euros.

Regards,