{"id":28439,"date":"2026-11-05T08:49:03","date_gmt":"2026-11-05T07:49:03","guid":{"rendered":"https:\/\/delaguialuzon.com\/?p=28439"},"modified":"2026-11-04T08:50:37","modified_gmt":"2026-11-04T07:50:37","slug":"selling-renting-uk-home-moving-spain","status":"publish","type":"post","link":"https:\/\/delaguialuzon.com\/en\/blog\/selling-renting-uk-home-moving-spain\/","title":{"rendered":"Selling or renting your UK home when moving to Spain: tax"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"28439\" class=\"elementor elementor-28439\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3db00b22 e-flex e-con-boxed e-con e-parent\" data-id=\"3db00b22\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-160b3300 elementor-widget elementor-widget-text-editor\" data-id=\"160b3300\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\n<div style=\"background-color: #f5f5f5; padding: 24px; margin: 0 0 32px 0; border-radius: 6px;\">\n<h2 style=\"margin-top: 0;\">Selling or renting your UK home when moving to Spain: the Spanish essentials<\/h2>\n<ul>\n<li>Spanish residence is decided per calendar year, with no split year, so a UK sale completed in the year you become resident can fall into your Spanish return [1][3].<\/li>\n<li>A gain on a UK home sold while you are resident is taxed in Spain in the savings base, at combined rates from 19% to 30%, the same in every region [1][4].<\/li>\n<li>UK Private Residence Relief does not stop Spain from taxing the gain, but the Spanish main home reinvestment exemption and the over-65 exemption can apply to a UK home [2][4][5].<\/li>\n<li>Rent from a UK home is taxed in Spain in the general base, where the Valencian regional scale differs from Madrid, Catalonia and Andalusia, with a credit for UK tax paid [1][3][10][12][13][14].<\/li>\n<li>A UK property counts for Modelo 720, Spanish Wealth Tax and, if kept empty, possibly imputed income [1][9][15].<\/li>\n<li>Delagu\u00eda y Luz\u00f3n advises on Spanish law only, so UK Capital Gains Tax, Private Residence Relief, the Non-Resident Landlord Scheme and UK income tax must be confirmed with a UK adviser.<\/li>\n<\/ul>\n<\/div>\n<h2>Sell, let or keep: the Spanish questions to answer first<\/h2>\n<p><strong>Selling or renting your UK home when moving to Spain<\/strong> is usually decided on UK grounds, but the Spanish tax result depends on dates and facts you can still control before you leave.<\/p>\n<p>This guide is for British homeowners who are relocating to Spain, and for their UK advisers.<\/p>\n<p>We are a Spanish law firm, so every UK point in this article is only a pointer, and your UK adviser must confirm UK Capital Gains Tax, Private Residence Relief, the Non-Resident Landlord Scheme and UK income tax.<\/p>\n<h2>Why the date you become resident in Spain matters<\/h2>\n<p>You are resident in Spain for a whole calendar year if you spend more than 183 days in Spain in that year, or if your main economic interests are based here [1].<\/p>\n<p>The tax period is the calendar year, so Spanish law has no split year like the UK one [1].<\/p>\n<blockquote style=\"border-left: 4px solid #2e7d32; background: #f9f9f9; padding: 15px 20px; margin: 24px 0;\">\n<p>Spanish residence follows <strong>more than 183 days<\/strong> in Spain in a calendar year, and the tax period is the whole calendar year [1].<\/p>\n<\/blockquote>\n<p>If you complete the sale in a year in which you are not yet resident in Spain, the gain on a UK home is outside Spanish income tax, which only taxes residents on worldwide income [1].<\/p>\n<p>If you complete it in the year you become resident, even before you arrive, Spain may treat the gain as part of that year, unless the treaty tie-breaker in Article 4 makes you resident in the United Kingdom for that period [3].<\/p>\n<p>That tie-breaker looks at your permanent home, your centre of vital interests and where you habitually live, so the answer depends on your facts [3].<\/p>\n<p>For <strong>selling or renting your UK home when moving to Spain<\/strong>, the completion date is therefore the first thing to plan, and our guide to <a href=\"https:\/\/delaguialuzon.com\/en\/blog\/moving-to-spain-after-2-july\/\">moving to Spain after 2 July<\/a> explains how the arrival date changes the 183-day count.<\/p>\n<h2>Selling the UK home after you become resident in Spain<\/h2>\n<p>In binding ruling V0270-23, a British national sold his UK home in May 2022, moved to Spain and became resident for 2022 [4].<\/p>\n<p>The Directorate General of Taxes (DGT) said Spain can tax the gain under Article 13 of the UK-Spain treaty, and that Spain must remove double taxation under Article 22 [3][4].<\/p>\n<p>It added that Spain does not give a credit for UK tax that was never paid because of a UK relief, so UK Private Residence Relief does not reduce the Spanish bill [4][18].<\/p>\n<p>The gain is the sale price minus the purchase price, purchase costs and improvements, with selling costs deducted from the sale price [1][4].<\/p>\n<p>It goes into the savings base, which is taxed on a single combined scale set by the State for every region [1][6].<\/p>\n<blockquote style=\"border-left: 4px solid #2e7d32; background: #f9f9f9; padding: 15px 20px; margin: 24px 0;\">\n<p>Savings income is taxed at combined rates of 19% up to \u20ac6,000, 21% up to \u20ac50,000, 23% up to \u20ac200,000, 27% up to \u20ac300,000 and <strong>30%<\/strong> above that [1].<\/p>\n<\/blockquote>\n<p>In this part of <strong>selling or renting your UK home when moving to Spain<\/strong>, living in Valencia, Madrid, Catalonia or Andalusia makes no difference to the rate on the gain.<\/p>\n<h3>The pound and the euro<\/h3>\n<p>In ruling V1463-23, on a UK home bought and sold in pounds, the DGT said the gain is worked out in pounds and then converted into euros at the exchange rate on the date of sale [6].<\/p>\n<p>If you keep the sale proceeds in pounds and convert them later, the currency difference is a separate gain or loss, taxed when the pounds are exchanged [6].<\/p>\n<h3>Exemptions that can still apply to a UK home<\/h3>\n<p>The main home reinvestment exemption covers the gain on the sale of your main home if the total amount obtained is reinvested in a new main home [1][2].<\/p>\n<p>The reinvestment must be made within two years after the sale, or the proceeds may pay for a new main home bought in the two years before it [2].<\/p>\n<p>A main home is one you lived in for at least three continuous years, and it still counts if it was your main home on any day in the two years before the sale [2].<\/p>\n<p>Where the old home had a mortgage, the amount to reinvest is the sale price minus the loan outstanding at the sale [2].<\/p>\n<p>In ruling V1346-23, a taxpayer who bought a home in Spain in December 2021 and sold his UK home in May 2022, while resident in Spain, was allowed the exemption [5].<\/p>\n<p>The same ruling says the exemption only applies if the gain arises in a year in which you are a Spanish taxpayer [5].<\/p>\n<p>Two further exemptions help older sellers: the gain on the sale of a main home by a person aged over 65 is exempt, and V0270-23 accepts that this can apply to a UK home [1][4].<\/p>\n<p>Sellers over 65 can also exclude a gain on any asset if the proceeds are used within six months for a life annuity, up to \u20ac240,000 [1].<\/p>\n<h3>Credit for UK tax<\/h3>\n<p>If the United Kingdom taxes the gain, Spain deducts the lower of the UK tax actually paid and the Spanish average rate applied to that gain [1][3].<\/p>\n<p>When you sell as a non-resident of the United Kingdom, HMRC expects a report within 60 days of completion, even where no tax is due, which your UK adviser must confirm [17].<\/p>\n<div style=\"border-left: 4px solid #2e7d32; background: #f1f8f1; padding: 16px 20px; margin: 24px 0;\">\n<p>The general treaty mechanics are covered in our guide to <a href=\"https:\/\/delaguialuzon.com\/en\/blog\/uk-spain-double-taxation\/\">UK-Spain double taxation<\/a>, and if you also own in Spain, the rules for <a href=\"https:\/\/delaguialuzon.com\/en\/blog\/selling-property-spain-non-resident\/\">selling property in Spain as a non-resident<\/a> are different again.<\/p>\n<\/div>\n<h2>Renting out the UK home as a Spanish resident<\/h2>\n<p>Under Article 6 of the treaty, the United Kingdom may tax rent from a UK property, and Spain, as your country of residence, taxes it too and gives a credit [3].<\/p>\n<p>On the UK side, HMRC classes you as a non-resident landlord if you live abroad for six months or more a year, and your tenant or letting agent may have to deduct basic rate tax unless HMRC approves gross payment [16].<\/p>\n<p>In Spain, the net rent is income from real estate in the general base [1].<\/p>\n<p>You may deduct mortgage interest and repairs, up to the rent received, with the excess carried forward four years, plus non-state taxes on the property and fees paid to agents for their services [1].<\/p>\n<p>You may also deduct depreciation of 3% a year on the cost of the building, excluding the land [1].<\/p>\n<blockquote style=\"border-left: 4px solid #2e7d32; background: #f9f9f9; padding: 15px 20px; margin: 24px 0;\">\n<p>In ruling V0617-22, the DGT said the Spanish reduction for letting a home applies <strong>wherever the home is located<\/strong>, if the tenant uses it as a permanent home [7].<\/p>\n<\/blockquote>\n<p>That ruling applied the former flat 60% reduction, and holiday or seasonal lets did not qualify [7].<\/p>\n<p>The reduction now ranges from 50% to 100% under Law 12\/2023 and Royal Decree-law 29\/2026, in force since 7 October 2026 and still subject to validation by Congress [1][8].<\/p>\n<p>Several of the new percentages depend on Spanish stressed housing zones and reference rent indices, so how they apply to a UK let has to be confirmed case by case [1][8].<\/p>\n<p>Because rent is in the general base, your region matters for <strong>selling or renting your UK home when moving to Spain<\/strong> in a way it does not for a sale.<\/p>\n<table style=\"width: 100%; border-collapse: collapse; margin: 20px 0;\">\n<thead>\n<tr>\n<th style=\"background-color: #6e7d65; color: #ffffff; padding: 10px; text-align: left;\">Region<\/th>\n<th style=\"background-color: #6e7d65; color: #ffffff; padding: 10px; text-align: left;\">Lowest regional rate<\/th>\n<th style=\"background-color: #6e7d65; color: #ffffff; padding: 10px; text-align: left;\">Highest regional rate<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"padding: 10px; border-bottom: 1px solid #ddd;\">Valencian Community (2026)<\/td>\n<td style=\"padding: 10px; border-bottom: 1px solid #ddd;\">8.8% up to \u20ac12,000<\/td>\n<td style=\"padding: 10px; border-bottom: 1px solid #ddd;\">29.35% above \u20ac200,000<\/td>\n<\/tr>\n<tr>\n<td style=\"padding: 10px; border-bottom: 1px solid #ddd;\">Madrid<\/td>\n<td style=\"padding: 10px; border-bottom: 1px solid #ddd;\">8.5% up to \u20ac13,362.22<\/td>\n<td style=\"padding: 10px; border-bottom: 1px solid #ddd;\">20.5% above \u20ac57,320.40<\/td>\n<\/tr>\n<tr>\n<td style=\"padding: 10px; border-bottom: 1px solid #ddd;\">Catalonia<\/td>\n<td style=\"padding: 10px; border-bottom: 1px solid #ddd;\">9.5% up to \u20ac12,500<\/td>\n<td style=\"padding: 10px; border-bottom: 1px solid #ddd;\">25.5% above \u20ac175,000<\/td>\n<\/tr>\n<tr>\n<td style=\"padding: 10px;\">Andalusia<\/td>\n<td style=\"padding: 10px;\">9.5% up to \u20ac13,000<\/td>\n<td style=\"padding: 10px;\">22.5% above \u20ac60,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Sources: [10][11][12][13][14]. The state scale in Article 63 of the income tax law is added to each regional rate [1].<\/p>\n<h2>Keeping the UK home empty<\/h2>\n<p>Keeping the house is the third option alongside <strong>selling or renting your UK home when moving to Spain<\/strong>, and it still has Spanish tax effects.<\/p>\n<p>Article 85 of the income tax law imputes notional income on urban property that is not let, and where the property has no Spanish cadastral value it applies 1.1% to 50% of the higher of the purchase price and any value checked by the authorities [1].<\/p>\n<p>From 1 January 2027, Royal Decree-law 29\/2026 replaces that percentage with a scale from 1.1% to 3%, subject to its validation by Congress [1][8].<\/p>\n<p>Whether and how Article 85 reaches a home in the United Kingdom is a point we review case by case.<\/p>\n<p>Spanish residents also pay Wealth Tax on their worldwide net assets, including a UK home, and only a main home benefits from the \u20ac300,000 exemption [9].<\/p>\n<p>In the Valencian Community the tax-free allowance is \u20ac2,000,000 under Valencian Law 5\/2026, against \u20ac700,000 where a region has not set its own [9][10][11].<\/p>\n<p>A return is due anyway if your assets exceed \u20ac2,000,000, and our guide to <a href=\"https:\/\/delaguialuzon.com\/en\/blog\/spanish-wealth-tax\/\">Spanish wealth tax<\/a> compares the regions [9].<\/p>\n<p>For Modelo 720, a UK property is reported when your foreign real estate exceeds \u20ac50,000 at purchase value, and a property sold during the year is still reported, with the sale date and price [15].<\/p>\n<p>The penalties and refiling rules are in our guide to <a href=\"https:\/\/delaguialuzon.com\/en\/blog\/modelo-720-spain\/\">Modelo 720 in Spain<\/a>.<\/p>\n<p>Newcomers taxed under the special regime for workers posted to Spain are taxed only on Spanish-source income, so UK rent and a UK gain stay outside Spanish income tax during the regime [1].<\/p>\n<p>The conditions are set out in our guide to the <a href=\"https:\/\/delaguialuzon.com\/en\/blog\/beckham-law-spanish-tax-regime\/\">Beckham Law regime<\/a>.<\/p>\n<h2>Sell, rent or keep: Spanish tax compared<\/h2>\n<p>The table summarises <strong>selling or renting your UK home when moving to Spain<\/strong>, and keeping it, from the Spanish side only.<\/p>\n<table style=\"width: 100%; border-collapse: collapse; margin: 20px 0;\">\n<thead>\n<tr>\n<th style=\"background-color: #6e7d65; color: #ffffff; padding: 10px; text-align: left;\">Option<\/th>\n<th style=\"background-color: #6e7d65; color: #ffffff; padding: 10px; text-align: left;\">Spanish income tax<\/th>\n<th style=\"background-color: #6e7d65; color: #ffffff; padding: 10px; text-align: left;\">Spanish reporting<\/th>\n<th style=\"background-color: #6e7d65; color: #ffffff; padding: 10px; text-align: left;\">Main risk<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"padding: 10px; border-bottom: 1px solid #ddd;\">Sell before your first resident year<\/td>\n<td style=\"padding: 10px; border-bottom: 1px solid #ddd;\">None on the gain<\/td>\n<td style=\"padding: 10px; border-bottom: 1px solid #ddd;\">None for the sold home<\/td>\n<td style=\"padding: 10px; border-bottom: 1px solid #ddd;\">Misjudging the residence year<\/td>\n<\/tr>\n<tr>\n<td style=\"padding: 10px; border-bottom: 1px solid #ddd;\">Sell while resident<\/td>\n<td style=\"padding: 10px; border-bottom: 1px solid #ddd;\">Savings base, 19% to 30%, unless an exemption applies<\/td>\n<td style=\"padding: 10px; border-bottom: 1px solid #ddd;\">Modelo 100; Modelo 720 for that year if over the threshold<\/td>\n<td style=\"padding: 10px; border-bottom: 1px solid #ddd;\">No credit for UK tax relieved by PRR<\/td>\n<\/tr>\n<tr>\n<td style=\"padding: 10px; border-bottom: 1px solid #ddd;\">Rent out<\/td>\n<td style=\"padding: 10px; border-bottom: 1px solid #ddd;\">General base, regional scale, credit for UK tax<\/td>\n<td style=\"padding: 10px; border-bottom: 1px solid #ddd;\">Modelo 100; Modelo 720; Wealth Tax if due<\/td>\n<td style=\"padding: 10px; border-bottom: 1px solid #ddd;\">Claiming a letting reduction that does not apply<\/td>\n<\/tr>\n<tr>\n<td style=\"padding: 10px;\">Keep empty<\/td>\n<td style=\"padding: 10px;\">Possible imputed income<\/td>\n<td style=\"padding: 10px;\">Modelo 720; Wealth Tax if due<\/td>\n<td style=\"padding: 10px;\">Losing main home status after two years<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Sources: [1][2][4][5][7][9][15].<\/p>\n<div style=\"border-left: 4px solid #2e7d32; background: #f1f8f1; padding: 16px 20px; margin: 24px 0;\">\n<p>Rent and other UK income then have to be fitted into your Spanish return, as our article on how to <a href=\"https:\/\/delaguialuzon.com\/en\/blog\/declare-uk-income-in-spain\/\">declare UK income in Spain<\/a> explains, and the wider relocation steps are in our roadmap for <a href=\"https:\/\/delaguialuzon.com\/en\/blog\/moving-to-spain-from-abroad\/\">moving to Spain from abroad<\/a>.<\/p>\n<\/div>\n<h2>Using the proceeds to buy a home in Valencia<\/h2>\n<p>Many clients sell in the United Kingdom to buy in the Valencian Community, and the reinvestment exemption rewards doing both within two years of each other [2][5].<\/p>\n<p>In V1346-23 the DGT, following the Supreme Court, accepted that the new home may be financed with a mortgage, so the pounds from the sale need not be the same money used for the purchase [5].<\/p>\n<p>Your new Valencian home must become your main home within twelve months and be lived in for three years for the exemption to hold [2].<\/p>\n<p>The purchase steps are explained in our guide to <a href=\"https:\/\/delaguialuzon.com\/en\/blog\/buy-house-valencia-non-resident\/\">buying a house in Valencia<\/a>.<\/p>\n<h2>Timeline around your residence date<\/h2>\n<p>For <strong>selling or renting your UK home when moving to Spain<\/strong>, these are the Spanish milestones.<\/p>\n<table style=\"width: 100%; border-collapse: collapse; margin: 20px 0;\">\n<thead>\n<tr>\n<th style=\"background-color: #6e7d65; color: #ffffff; padding: 10px; text-align: left;\">When<\/th>\n<th style=\"background-color: #6e7d65; color: #ffffff; padding: 10px; text-align: left;\">Action<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"padding: 10px; border-bottom: 1px solid #ddd;\">Before the move<\/td>\n<td style=\"padding: 10px; border-bottom: 1px solid #ddd;\">Fix your expected first resident year and plan the completion date [1][3]<\/td>\n<\/tr>\n<tr>\n<td style=\"padding: 10px; border-bottom: 1px solid #ddd;\">Before letting<\/td>\n<td style=\"padding: 10px; border-bottom: 1px solid #ddd;\">Use a long-term tenancy if you want to claim a letting reduction; ask your UK adviser about the NRL Scheme [7][16]<\/td>\n<\/tr>\n<tr>\n<td style=\"padding: 10px; border-bottom: 1px solid #ddd;\">Within 60 days of a UK completion as a UK non-resident<\/td>\n<td style=\"padding: 10px; border-bottom: 1px solid #ddd;\">UK report, to be handled by your UK adviser [17]<\/td>\n<\/tr>\n<tr>\n<td style=\"padding: 10px; border-bottom: 1px solid #ddd;\">Within two years of the sale<\/td>\n<td style=\"padding: 10px; border-bottom: 1px solid #ddd;\">Reinvest in a new main home for the exemption [2]<\/td>\n<\/tr>\n<tr>\n<td style=\"padding: 10px; border-bottom: 1px solid #ddd;\">1 January to 31 March after the first resident year<\/td>\n<td style=\"padding: 10px; border-bottom: 1px solid #ddd;\">Modelo 720 if the real estate threshold is exceeded [15]<\/td>\n<\/tr>\n<tr>\n<td style=\"padding: 10px;\">Spring after the first resident year<\/td>\n<td style=\"padding: 10px;\">Modelo 100 with the gain or rent, the UK tax credit and any intention to reinvest [1][2]<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2>Documents to gather before you leave<\/h2>\n<ul>\n<li>Completion statements for the purchase and the sale, with all costs.<\/li>\n<li>Invoices for improvements to the home.<\/li>\n<li>Mortgage statement at the date of sale.<\/li>\n<li>Council tax bills or other proof that the home was your main home for three years.<\/li>\n<li>Tenancy agreement and letting accounts, if you rent it out.<\/li>\n<li>UK tax returns or calculations showing UK tax actually paid.<\/li>\n<\/ul>\n<h2>Common mistakes<\/h2>\n<p>These are the errors we see most often in <strong>selling or renting your UK home when moving to Spain<\/strong>.<\/p>\n<ul>\n<li>Assuming UK Private Residence Relief also exempts the gain in Spain.<\/li>\n<li>Completing the sale in January of the year you move and treating it as a pre-arrival sale.<\/li>\n<li>Converting the gain at today&#8217;s exchange rate instead of the rate on the date of sale.<\/li>\n<li>Not stating the intention to reinvest in the Spanish return for the year of sale.<\/li>\n<li>Forgetting that a UK home sold during the year can still appear in Modelo 720.<\/li>\n<li>Claiming a letting reduction on a holiday let.<\/li>\n<\/ul>\n<h2>How Delagu\u00eda y Luz\u00f3n can help<\/h2>\n<p>Our <a href=\"https:\/\/delaguialuzon.com\/en\/tax-law-and-accounting\/\">tax law and accounting team<\/a> in Valencia has advised British families on Spanish law since 1960.<\/p>\n<p>For <strong>selling or renting your UK home when moving to Spain<\/strong>, we check your Spanish residence year, calculate the Spanish gain, apply the reinvestment or over-65 exemptions and prepare your Modelo 100, Modelo 720 and Wealth Tax returns.<\/p>\n<p>We advise on Spanish law only, so UK Capital Gains Tax, Private Residence Relief, the Non-Resident Landlord Scheme and UK income tax must be confirmed with your UK adviser, and we are happy to work alongside them.<\/p>\n<div style=\"background-color: #f5f5f5; padding: 24px; margin: 32px 0; border-radius: 6px;\">\n<h2 style=\"margin-top: 0;\">Speak to our team about your UK home<\/h2>\n<p>Contact our legal team for personalised guidance on your case.<\/p>\n<p>We work in English, French, Spanish and Russian from our office in Valencia.<\/p>\n<p><strong>Email:<\/strong> <a href=\"mailto:felix.delaguia@delaguialuzon.com\">felix.delaguia@delaguialuzon.com<\/a><br \/><strong>Phone:<\/strong> <a href=\"tel:+34963741657\">+34 963 74 16 57<\/a><br \/><strong>Office:<\/strong> Avinguda Regne de Val\u00e8ncia, 6, 1\u00ba-2\u00ba, 46005 Valencia<\/p>\n<\/div>\n<h2>Frequently asked questions about selling or renting your UK home when moving to Spain<\/h2>\n<h3>Is it better to sell before I become resident in Spain?<\/h3>\n<p>From the Spanish side, a sale completed in a year in which you are not yet resident is outside Spanish income tax.<\/p>\n<p>The UK effects of the timing must be checked with your UK adviser.<\/p>\n<h3>Does UK Private Residence Relief protect me in Spain?<\/h3>\n<p>No, the DGT has said Spain taxes the gain and gives no credit for UK tax relieved under UK rules.<\/p>\n<p>Spanish exemptions may still apply.<\/p>\n<h3>Can I use the Spanish reinvestment exemption for a UK home?<\/h3>\n<p>Yes, ruling V1346-23 allowed it for a UK main home sold by a Spanish resident who had bought a home in Spain.<\/p>\n<p>The three-year and two-year conditions must be met.<\/p>\n<h3>I am over 65: is the gain exempt?<\/h3>\n<p>It can be, if the UK property was your main home under the Spanish definition.<\/p>\n<p>Ruling V0270-23 accepts that the exemption can apply to a UK home.<\/p>\n<h3>Which exchange rate do I use for the gain?<\/h3>\n<p>The DGT calculates the gain in pounds and converts it at the rate on the date of sale.<\/p>\n<p>A later conversion of the pounds is a separate gain or loss.<\/p>\n<h3>Does my region change the tax on the sale?<\/h3>\n<p>No, gains are taxed on the same combined savings scale in every region.<\/p>\n<p>Regions only make a difference for rent and Wealth Tax.<\/p>\n<h3>Can I claim the Spanish letting reduction on UK rent?<\/h3>\n<p>The DGT accepted it for a home abroad let as the tenant&#8217;s permanent home.<\/p>\n<p>The new percentages under Royal Decree-law 29\/2026 must be checked for your tenancy.<\/p>\n<h3>What if I keep the house empty?<\/h3>\n<p>Spanish imputed income may arise, and the home counts for Modelo 720 and Wealth Tax.<\/p>\n<p>After two years it also stops counting as your main home for the exemptions.<\/p>\n<h3>Does the Beckham regime change the answer?<\/h3>\n<p>Yes, under that regime only Spanish-source income is taxed in Spain.<\/p>\n<p>A UK gain or UK rent therefore stays outside Spanish income tax during the regime.<\/p>\n<h3>Do I still report a UK home sold in my first resident year?<\/h3>\n<p>Yes, Modelo 720 covers property owned at any time in the year if the threshold is met.<\/p>\n<p>The return shows the sale date and price.<\/p>\n<h2>References<\/h2>\n<ol>\n<li><a href=\"https:\/\/www.boe.es\/buscar\/act.php?id=BOE-A-2006-20764\" target=\"_blank\" rel=\"dofollow noopener\">Law 35\/2006 on Personal Income Tax, Articles 2, 9, 12, 23, 33, 35, 38, 46, 63, 66, 76, 80, 85 and 93 (BOE)<\/a><\/li>\n<li><a href=\"https:\/\/www.boe.es\/buscar\/act.php?id=BOE-A-2007-6820\" target=\"_blank\" rel=\"dofollow noopener\">Royal Decree 439\/2007, Personal Income Tax Regulations, Articles 41 and 41 bis (BOE)<\/a><\/li>\n<li><a href=\"https:\/\/www.boe.es\/buscar\/act.php?id=BOE-A-2014-5171\" target=\"_blank\" rel=\"dofollow noopener\">Convention between Spain and the United Kingdom for the avoidance of double taxation, London, 14 March 2013, Articles 4, 6, 13 and 22 (BOE)<\/a><\/li>\n<li><a href=\"https:\/\/petete.tributos.hacienda.gob.es\/consultas\/?num_consulta=V0270-23\" target=\"_blank\" rel=\"nofollow noopener\">Directorate General of Taxes, binding ruling V0270-23 of 15 February 2023 (Ministry of Finance)<\/a><\/li>\n<li><a href=\"https:\/\/petete.tributos.hacienda.gob.es\/consultas\/?num_consulta=V1346-23\" target=\"_blank\" rel=\"nofollow noopener\">Directorate General of Taxes, binding ruling V1346-23 of 22 May 2023 (Ministry of Finance)<\/a><\/li>\n<li><a href=\"https:\/\/petete.tributos.hacienda.gob.es\/consultas\/?num_consulta=V1463-23\" target=\"_blank\" rel=\"nofollow noopener\">Directorate General of Taxes, binding ruling V1463-23 of 29 May 2023 (Ministry of Finance)<\/a><\/li>\n<li><a href=\"https:\/\/petete.tributos.hacienda.gob.es\/consultas\/?num_consulta=V0617-22\" target=\"_blank\" rel=\"nofollow noopener\">Directorate General of Taxes, binding ruling V0617-22 of 23 March 2022 (Ministry of Finance)<\/a><\/li>\n<li><a href=\"https:\/\/www.boe.es\/buscar\/act.php?id=BOE-A-2026-20823\" target=\"_blank\" rel=\"dofollow noopener\">Royal Decree-law 29\/2026 of 6 October on the social function of housing, Article 6 (BOE)<\/a><\/li>\n<li><a href=\"https:\/\/www.boe.es\/buscar\/act.php?id=BOE-A-1991-14392\" target=\"_blank\" rel=\"dofollow noopener\">Law 19\/1991 on Wealth Tax, Articles 4, 5, 28 and 37 (BOE)<\/a><\/li>\n<li><a href=\"https:\/\/www.boe.es\/buscar\/act.php?id=BOE-A-1998-8202\" target=\"_blank\" rel=\"dofollow noopener\">Valencian Law 13\/1997, as amended to 2026, Articles 2 and 8 (BOE)<\/a><\/li>\n<li><a href=\"https:\/\/www.boe.es\/diario_boe\/txt.php?id=BOE-A-2026-19331\" target=\"_blank\" rel=\"dofollow noopener\">Valencian Law 5\/2026 of 31 July on fiscal measures, Article 19 (BOE)<\/a><\/li>\n<li><a href=\"https:\/\/www.boe.es\/buscar\/act.php?id=BOCM-m-2010-90068\" target=\"_blank\" rel=\"dofollow noopener\">Madrid Legislative Decree 1\/2010 on ceded taxes, Article 1 (BOE)<\/a><\/li>\n<li><a href=\"https:\/\/www.boe.es\/buscar\/act.php?id=BOE-A-2024-6951\" target=\"_blank\" rel=\"dofollow noopener\">Catalan Legislative Decree 1\/2024, Book Six of the Tax Code, Article 611-1 (BOE)<\/a><\/li>\n<li><a href=\"https:\/\/www.boe.es\/buscar\/act.php?id=BOE-A-2021-17915\" target=\"_blank\" rel=\"dofollow noopener\">Andalusian Law 5\/2021 on ceded taxes, Article 23 (BOE)<\/a><\/li>\n<li><a href=\"https:\/\/www.boe.es\/buscar\/act.php?id=BOE-A-2007-15984\" target=\"_blank\" rel=\"dofollow noopener\">Royal Decree 1065\/2007, General Tax Management Regulations, Article 54 bis (BOE)<\/a><\/li>\n<li><a href=\"https:\/\/www.gov.uk\/tax-uk-income-live-abroad\/rent\" target=\"_blank\" rel=\"nofollow noopener\">HMRC: Tax on your UK income if you live abroad, rental income (GOV.UK)<\/a><\/li>\n<li><a href=\"https:\/\/www.gov.uk\/guidance\/capital-gains-tax-for-non-residents-uk-residential-property\" target=\"_blank\" rel=\"nofollow noopener\">HMRC: Capital Gains Tax for non-residents, UK residential property (GOV.UK)<\/a><\/li>\n<li><a href=\"https:\/\/www.gov.uk\/tax-sell-home\" target=\"_blank\" rel=\"nofollow noopener\">HMRC: Tax when you sell your home, Private Residence Relief (GOV.UK)<\/a><\/li>\n<\/ol>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<style>\r\n.lwrp.link-whisper-related-posts{\r\n            \r\n            margin-top: 40px;\nmargin-bottom: 30px;\r\n        }\r\n        .lwrp .lwrp-title{\r\n            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lwrp-list-row-container lwrp-list-single-row\">\r\n                <div class=\"lwrp-list-item\"><a href=\"https:\/\/delaguialuzon.com\/blog\/ley-beckham\/\" class=\"lwrp-list-link\"><img width=\"480\" height=\"241\" src=\"https:\/\/delaguialuzon.com\/wp-content\/uploads\/2026\/06\/Ley-Beckham-en-Espana-1-e1781083845568.png\" class=\"attachment-480x480 size-480x480 wp-post-image\" alt=\"Ley Beckham en Espa\u00f1a\" srcset=\"https:\/\/delaguialuzon.com\/wp-content\/uploads\/2026\/06\/Ley-Beckham-en-Espana-1-e1781083845568.png 1227w, https:\/\/delaguialuzon.com\/wp-content\/uploads\/2026\/06\/Ley-Beckham-en-Espana-1-e1781083845568-300x150.png 300w, https:\/\/delaguialuzon.com\/wp-content\/uploads\/2026\/06\/Ley-Beckham-en-Espana-1-e1781083845568-1024x513.png 1024w, https:\/\/delaguialuzon.com\/wp-content\/uploads\/2026\/06\/Ley-Beckham-en-Espana-1-e1781083845568-768x385.png 768w\" sizes=\"(max-width: 480px) 100vw, 480px\" \/><br><span class=\"lwrp-list-link-title-text\">Ley Beckham en Espa\u00f1a: gu\u00eda completa<\/span><\/a><\/div><div class=\"lwrp-list-item\"><a href=\"https:\/\/delaguialuzon.com\/blog\/inversion-inmobiliaria-en-espana\/\" class=\"lwrp-list-link\"><img width=\"480\" height=\"320\" src=\"https:\/\/delaguialuzon.com\/wp-content\/uploads\/2025\/12\/inversion-inmobiliaria-en-Espana-scaled.jpg\" class=\"attachment-480x480 size-480x480 wp-post-image\" alt=\"inversi\u00f3n inmobiliaria en Espa\u00f1a\" srcset=\"https:\/\/delaguialuzon.com\/wp-content\/uploads\/2025\/12\/inversion-inmobiliaria-en-Espana-scaled.jpg 2560w, https:\/\/delaguialuzon.com\/wp-content\/uploads\/2025\/12\/inversion-inmobiliaria-en-Espana-300x200.jpg 300w, https:\/\/delaguialuzon.com\/wp-content\/uploads\/2025\/12\/inversion-inmobiliaria-en-Espana-1024x683.jpg 1024w, https:\/\/delaguialuzon.com\/wp-content\/uploads\/2025\/12\/inversion-inmobiliaria-en-Espana-768x512.jpg 768w, https:\/\/delaguialuzon.com\/wp-content\/uploads\/2025\/12\/inversion-inmobiliaria-en-Espana-1536x1024.jpg 1536w, https:\/\/delaguialuzon.com\/wp-content\/uploads\/2025\/12\/inversion-inmobiliaria-en-Espana-2048x1365.jpg 2048w\" sizes=\"(max-width: 480px) 100vw, 480px\" \/><br><span class=\"lwrp-list-link-title-text\">Inversi\u00f3n inmobiliaria en Espa\u00f1a: control legal y fiscal<\/span><\/a><\/div><div class=\"lwrp-list-item\"><a href=\"https:\/\/delaguialuzon.com\/blog\/ley-12-2023-de-24-de-mayo-por-el-derecho-a-la-vivienda\/\" class=\"lwrp-list-link\"><img width=\"480\" height=\"320\" src=\"https:\/\/delaguialuzon.com\/wp-content\/uploads\/2024\/05\/ley-12-23-nueva-ley-vivienda.jpg\" class=\"attachment-480x480 size-480x480 wp-post-image\" alt=\"Nueva ley de vivienda Espa\u00f1a Ley 12\/2023\" srcset=\"https:\/\/delaguialuzon.com\/wp-content\/uploads\/2024\/05\/ley-12-23-nueva-ley-vivienda.jpg 950w, https:\/\/delaguialuzon.com\/wp-content\/uploads\/2024\/05\/ley-12-23-nueva-ley-vivienda-300x200.jpg 300w, https:\/\/delaguialuzon.com\/wp-content\/uploads\/2024\/05\/ley-12-23-nueva-ley-vivienda-768x513.jpg 768w\" sizes=\"(max-width: 480px) 100vw, 480px\" \/><br><span class=\"lwrp-list-link-title-text\">Ley 12\/2023, del 24 de mayo, por el derecho a la vivienda<\/span><\/a><\/div><div class=\"lwrp-list-item\"><a href=\"https:\/\/delaguialuzon.com\/blog\/pisos-turisticos-en-valencia\/\" class=\"lwrp-list-link\"><img width=\"480\" height=\"270\" src=\"https:\/\/delaguialuzon.com\/wp-content\/uploads\/2026\/06\/valencia-tourist-apartments-regulations-2026.jpg\" class=\"attachment-480x480 size-480x480 wp-post-image\" alt=\"pisos tur\u00edsticos en Valencia\" srcset=\"https:\/\/delaguialuzon.com\/wp-content\/uploads\/2026\/06\/valencia-tourist-apartments-regulations-2026.jpg 1280w, https:\/\/delaguialuzon.com\/wp-content\/uploads\/2026\/06\/valencia-tourist-apartments-regulations-2026-300x169.jpg 300w, https:\/\/delaguialuzon.com\/wp-content\/uploads\/2026\/06\/valencia-tourist-apartments-regulations-2026-1024x576.jpg 1024w, https:\/\/delaguialuzon.com\/wp-content\/uploads\/2026\/06\/valencia-tourist-apartments-regulations-2026-768x432.jpg 768w\" sizes=\"(max-width: 480px) 100vw, 480px\" \/><br><span class=\"lwrp-list-link-title-text\">Pisos tur\u00edsticos en Valencia: nueva normativa 2026 (Decreto 9\/2024)<\/span><\/a><\/div><div class=\"lwrp-list-item\"><a href=\"https:\/\/delaguialuzon.com\/blog\/nie-en-espana-que-es-como-obtenerlo-y-para-que-lo-necesita\/\" class=\"lwrp-list-link\"><img width=\"480\" height=\"320\" src=\"https:\/\/delaguialuzon.com\/wp-content\/uploads\/2026\/09\/NIE-en-Espana.jpg\" class=\"attachment-480x480 size-480x480 wp-post-image\" alt=\"NIE EN ESPA\u00d1A\" srcset=\"https:\/\/delaguialuzon.com\/wp-content\/uploads\/2026\/09\/NIE-en-Espana.jpg 795w, https:\/\/delaguialuzon.com\/wp-content\/uploads\/2026\/09\/NIE-en-Espana-300x200.jpg 300w, https:\/\/delaguialuzon.com\/wp-content\/uploads\/2026\/09\/NIE-en-Espana-768x512.jpg 768w\" sizes=\"(max-width: 480px) 100vw, 480px\" \/><br><span class=\"lwrp-list-link-title-text\">NIE en Espa\u00f1a: qu\u00e9 es, c\u00f3mo obtenerlo y para qu\u00e9 lo necesita<\/span><\/a><\/div><div class=\"lwrp-list-item\"><a href=\"https:\/\/delaguialuzon.com\/blog\/el-modelo-720\/\" class=\"lwrp-list-link\"><img width=\"480\" height=\"320\" src=\"https:\/\/delaguialuzon.com\/wp-content\/uploads\/2022\/02\/modelo_720.jpg\" class=\"attachment-480x480 size-480x480 wp-post-image\" alt=\"modelo 720\" srcset=\"https:\/\/delaguialuzon.com\/wp-content\/uploads\/2022\/02\/modelo_720.jpg 950w, https:\/\/delaguialuzon.com\/wp-content\/uploads\/2022\/02\/modelo_720-300x200.jpg 300w, https:\/\/delaguialuzon.com\/wp-content\/uploads\/2022\/02\/modelo_720-768x513.jpg 768w\" sizes=\"(max-width: 480px) 100vw, 480px\" \/><br><span class=\"lwrp-list-link-title-text\">Todo lo que necesitas saber sobre el Modelo 720 en Espa\u00f1a<\/span><\/a><\/div>                <\/div>\r\n                <\/div>\r\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Selling or renting your UK home when moving to Spain changes your Spanish tax position: the residence year, the savings rates on the gain, the reinvestment and over-65 exemptions, UK rent and the letting reduction, the exchange rate, Modelo 720 and Wealth Tax in Valencia. UK points need a UK adviser. Contact our tax law team in Valencia.<\/p>\n","protected":false},"author":5,"featured_media":29336,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mbp_gutenberg_autopost":false,"_joinchat":[],"footnotes":""},"categories":[54,47],"tags":[],"class_list":["post-28439","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-living-in-spain","category-tax-law"],"permalink_manager":null,"_links":{"self":[{"href":"https:\/\/delaguialuzon.com\/en\/wp-json\/wp\/v2\/posts\/28439","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/delaguialuzon.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/delaguialuzon.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/delaguialuzon.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/delaguialuzon.com\/en\/wp-json\/wp\/v2\/comments?post=28439"}],"version-history":[{"count":5,"href":"https:\/\/delaguialuzon.com\/en\/wp-json\/wp\/v2\/posts\/28439\/revisions"}],"predecessor-version":[{"id":29340,"href":"https:\/\/delaguialuzon.com\/en\/wp-json\/wp\/v2\/posts\/28439\/revisions\/29340"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/delaguialuzon.com\/en\/wp-json\/wp\/v2\/media\/29336"}],"wp:attachment":[{"href":"https:\/\/delaguialuzon.com\/en\/wp-json\/wp\/v2\/media?parent=28439"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/delaguialuzon.com\/en\/wp-json\/wp\/v2\/categories?post=28439"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/delaguialuzon.com\/en\/wp-json\/wp\/v2\/tags?post=28439"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}