The public began flocking to Spain around the 1970's. The package holiday made places such as the South of Spain an affordable holiday for hundreds of thousands.tn pas cher
Consequently holidays altered immensely and there are numerous British people who at present or have in the past owned real estate in Spain. The attractions associated with a property in the Mediterranean has been a big success story in the UK.
It now seems that Spanish property buyers may be eligible to a refund of their Spanish Capital Gains tax. This means if any of you sold a Spanish property between January 1st 1997 and December 31st 2006 you may get your money back.tn requin
How is this possible?
A recent judgment from the European Court of Justice (ECJ) validated that non-Spanish inhabitants were unfairly charged 35% in Capital Gains Tax compared to 15% charged to local Spanish people. Subsequently it is now possible to submit a claim to obtain the 20% difference back from the Spanish Tax authorities.nike tn pas cher
It has been estimated that the property owners who sold since 1997 could possibly be due an average 13,500 tax reclaim. Because of this, former Spanish home owners might be eligible for claim a tax reclaim with regard to missing interest at a rate of 6% from the date the reclaim is presented, which makes it feasible for the complete reclaim to become even greater.nike tn
Commenting around the subject, Eduardo Fernandez Martinez, qualified in the Spanish Property Tax field had this to state, "This is breaking news for the non-resident taxpayer.
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The Spanish Tax Authorities have been completely overloaded with claims ever since the judgment of the ECJ. The actual result that it had been both discriminatory and also unfair to impose a larger tax percentage is both deserved and overdue. Non-residents will now get what is indebted to them for investing in Spain for years."
Who is eligible?
The qualification process is straightforward.
- You sold your Spanish property between January 1st 1997 and December 31st 2006.
- When you sold your property you were not a Spanish resident
- You have a copy of the purchase and sale deeds of your property
- You've got the Spanish Tax form Modelo 211 and / or Modelo 212
What next?
There are a number of organisations which want to help people facing this challenge. If you do qualify, it is recommended that you do some investigation into your property and be sure you have all the required documentation.
It's then a question of finding the right organisation to help you.
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