Hi,
A few questions about the stipulations on being Capital Gains Excempt…...
1. The owner has to have lived in the property for at least 3 years. Does the owner have to have declared during these 3 years or just lived in the property?
2. If the owner plans to reinvest all of the net sale proceeds into another property, would declaring at the tax office for the first time this year (and receiving some sort of certification) make them fiscally resident in order to be elegible for cg tax excemption? (as long as they had lived in their property for more than 3 years and would reinvest within 2 years of the sale).
4. Is it correct that if someone lived in Spain with a NIE but didn’t declare tax it wouldn’t matter after selling their property if they reinvested all the net gains of the sale or not as they would be taxed capital gains at 18% anyway?
Many thanks
