Spanish Capital Gains Tax Rebate may be possible on sales between 1997 & 2006
Spanish Capital Gains Tax Rebate may be possible on sales between 1997 & 2006
If you sold a property in Spain in the period between 1997 - 2006 a recent ruling may be a significant benefit to you.
You may be entitled to a Spanish Capital Gains Tax Rebate
Between 1997 and the end of 2006 a UK citizen selling a Spanish property paid 35% CGT (Capital Gains Tax), but Spanish nationals paid only 15%!
The ECJ ruling confirmed legal arguments and states this overpayment contravenes European Community Treaty discrimination rules and confirm it should not have been charged by the Spanish Tax Authorities.
Therefore, you may be entitled to reclaim this overpayment, plus approx 6% interest annually from the moment you present your claim, subject to you meeting the requirements.
claims must be registered within 12 months of the ruling!
BUT: Although time is of the essence, it is critical to make the claim in the right way;
because:
"any cases that are rejected for whatever reason, cannot file the reclaim again".
Read more:
Daily Mail - Britons could reap Costa tax rebate
The Times - Britons owed millions in compensation for discriminatory Spanish tax law
The Daily Telegraph - British couples living in Spain
The Independent - Britons win fight for fair tax after Spain charges them more than more than double
Intasure - Spanish Capital Gains Tax Rebate
Labels: Apartment, Capital Gains Tax, Holiday, Majorca, Mallorca, Sale Tax
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