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Over 65s in Spain could save thousands under new property tax rule

Older homeowners who have to leave their Spanish property to move into care or live with relatives have been given important new protection from a potentially costly tax problem. Until now, leaving a long term family home could raise concerns over whether it would continue to qualify as a habitual residence when eventually sold, potentially putting a valuable capital gains tax exemption at risk. Source

Older homeowners who have to leave their Spanish property to move into care or live with relatives have been given important new protection from a potentially costly tax problem. Until now, leaving a long term family home could raise concerns over whether it would continue to qualify as a habitual residence when eventually sold, potentially putting a valuable capital gains tax exemption at risk. Source
ORIGINAL SOURCE

Euro Weekly News Spain

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