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TonyTax, Tax Consultant
Category: Tax
Satisfied Customers: 16705
Experience:  Inc Tax, CGT, Corp Tax, IHT, VAT.
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`I would like to know if retention of 3% paid on the sale of

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`I would like to know if retention of 3% paid on the sale of a Spanish property can be set against the Capital gains tax due on the self assessment return , does it go in the Foreign Tax Credit section
JA: What are the assets or property for this capital gain?
Customer: A residential property which was rented out now sold
JA: Anything else you want the Accountant to know before I connect you?
Customer: No I don't think so

Hi. My name is Tony. I'm looking at your question now and will post my answer or ask for more information here in a short while.

Customer: replied 13 days ago.
Thank you

You can claim it back if you have no outstanding tax debts including Spanish CGT on the gain made on the property disposal. Usually, the 3% becomes part of the Spanish CGT liability which can be deducted from any UK CGT liability on the same gain. Take a look here and here for more information.


I hope this helps but let me know if you have any further questions.

Customer: replied 13 days ago.
Thank you would the amount paid in spain be entered in the foreign tax credit relief section on the foreign section of the self assessment form ?

Ye, it does. You need to complete boxes 37, 38 and 39 on page F6 of the SA106 Foreign oages.

Customer: replied 13 days ago.
Thats great Thanks

Would you mind rating my answer before you leave the site please.

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