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Capital Gains Tax relating to property
ioscorpio
Posts: 2,360 Forumite
Copied from https://www.internationalliving.com
Not every country in the world levies a capital gains tax on profits from the sale of a piece of real estate. Be careful when investigating this expense, though, as some countries may not impose a "capital gains" tax per se. Instead, they may tax capital gains as ordinary income.
The list of countries that truly don't tax capital gains on real estate (albeit in some cases with certain restrictions) is growing. For example:
-- United Kingdom…if you are non-resident.
-- Argentina…although you may be subject to income tax on the capital gain under certain circumstances.
-- Croatia…if the property is held for more than three years.
-- France…if the property is held for more than 15 years.
-- New Zealand…if the property is a long-term investment or your primary residence.
-- Poland…if the property is held for more than five years.
-- Portugal…if the property is held through an offshore company and the change of ownership applies to the company, not the property.
-- Spain…if the property is held for more than 10 years or if you are over 65 or if you reinvest the capital gain in another Spanish property within three years.
-- Thailand…although income tax is levied on property; whether the buyer or seller pays is part of the bargaining process.
Not every country in the world levies a capital gains tax on profits from the sale of a piece of real estate. Be careful when investigating this expense, though, as some countries may not impose a "capital gains" tax per se. Instead, they may tax capital gains as ordinary income.
The list of countries that truly don't tax capital gains on real estate (albeit in some cases with certain restrictions) is growing. For example:
-- United Kingdom…if you are non-resident.
-- Argentina…although you may be subject to income tax on the capital gain under certain circumstances.
-- Croatia…if the property is held for more than three years.
-- France…if the property is held for more than 15 years.
-- New Zealand…if the property is a long-term investment or your primary residence.
-- Poland…if the property is held for more than five years.
-- Portugal…if the property is held through an offshore company and the change of ownership applies to the company, not the property.
-- Spain…if the property is held for more than 10 years or if you are over 65 or if you reinvest the capital gain in another Spanish property within three years.
-- Thailand…although income tax is levied on property; whether the buyer or seller pays is part of the bargaining process.
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