taxing question

[sick and tired]

if when moving to spain and becoming resident you sell your main home in the uk to purchase your spanish home no tax to pay in the uk as it is your only property, therefore main residence.you purchase your spanish home for 200,000 euros but as it was the year 2004 you get 1.5 on the exchange rate therefore the home costs £133,333.33 plus 6% tax 8k total cost 141333.30euros.now in present day you decide to return to the uk, you sell the property for 180,000 euros a loss of 20k in euro but then transfer it to the uk at a exchange rate of 1.1 you make a profit in the region of 22k pounds less expenses.is there any tax to pay to anyone??

[Beachcomber]

As far as Spain is concerned you bought in euros, you sold in euros. Any profit you make because of the exchange rate fluctuations is yours. Furthermore, if you sold as a fiscal non-resident you can claim back the 3% retention.