Hi, I am paying a capital Gains and other taxes in Spain because I don't live there. is that correct ? and what can I expect to pay on a profit of £80,000 in the uk. Do i get any relief as I don't pay tax and only have my state pension of £112. a week.
so are you saying that I would be paying CG on £80000- £11000- the Spanish taxes. (So how much would I pay on say £55000). What is the rate? and would I get any relief against last year as I only have a £6.000 yearly income with no extras.
when I asked about this in Spain they said I would not need to pay again in the UK.