Tax Rebate For Spanish Property Investors
Thousands of Brits who have sold property in Spain over the last few years could be owed a tax rebate of around £11,000 each.
The Britons who made capital gains by selling Spanish property, could be in line for a 20 per cent tax rebate.
Anyone who sold their home between March 2004 and December 2006 could benefit, as the result of a Spanish Government Capital Gains Tax scam exposed by Spanish lawyers Costa, Alvarez, Manglano & Associates, and currency exchange brokers HiFX.
The law firm is now planning on taking the Spanish government to the European Court of Justice, after discovering that until 2007 a capital gains charge of 35 per cent was levied on property sold by non-Spaniards, despite the fact that the charge was just 15 per cent for Spanish sellers.
The total amount of compensation payable could amount to around £50m, and HiFX believes around 4,500 British people could have been affected, as well as thousands more from other countries. It is thought the average amount of capital gains tax paid on each property sold was around £14,000.
Thousands more people who sold their homes in Spain before 2004 may also have lost money, but they have already missed out as claims can only date back over a four-year period.
Spanish Lawyer Emilio Álvarez told the website Easier.com: "Anyone who has sold a Spanish property between March 2004 and December 2006 will have been victim to this inflated capital gains tax rate, which saw non residents scammed into paying inflated CGT bills by as much as 20 per cent. This tax trap is thought to have affected hundreds of thousands of people across Europe and in the UK.
"A change in the law at the start of 2007, which saw the standard Capital Gains Tax for non residents being brought in line – a reduction from 35 per cent to 15 per cent , passed by largely unnoticed. As a result, thousands of people who had previously sold property in Spain are entitled to a 20 per cent rebate, thought to average at £11,000 each, including interest. Due to stringent legal restrictions people who bought at the end of 2003 have already missed out, as claimants must register within four years, but thousands of Brits can still join forces and fight to get the Spanish tax authorities to pay back the money owed."
Anyone who thinks they have been affected should contact visit www.spanishtaxreclaim.co.uk or call the helpline on 0845 680 3849 or email: info@spanishtaxreclaim.co.uk, to register their interest.
Source: www.homesworldwide.co.uk
Visit Mijas Costa
The Britons who made capital gains by selling Spanish property, could be in line for a 20 per cent tax rebate.
Anyone who sold their home between March 2004 and December 2006 could benefit, as the result of a Spanish Government Capital Gains Tax scam exposed by Spanish lawyers Costa, Alvarez, Manglano & Associates, and currency exchange brokers HiFX.
The law firm is now planning on taking the Spanish government to the European Court of Justice, after discovering that until 2007 a capital gains charge of 35 per cent was levied on property sold by non-Spaniards, despite the fact that the charge was just 15 per cent for Spanish sellers.
The total amount of compensation payable could amount to around £50m, and HiFX believes around 4,500 British people could have been affected, as well as thousands more from other countries. It is thought the average amount of capital gains tax paid on each property sold was around £14,000.
Thousands more people who sold their homes in Spain before 2004 may also have lost money, but they have already missed out as claims can only date back over a four-year period.
Spanish Lawyer Emilio Álvarez told the website Easier.com: "Anyone who has sold a Spanish property between March 2004 and December 2006 will have been victim to this inflated capital gains tax rate, which saw non residents scammed into paying inflated CGT bills by as much as 20 per cent. This tax trap is thought to have affected hundreds of thousands of people across Europe and in the UK.
"A change in the law at the start of 2007, which saw the standard Capital Gains Tax for non residents being brought in line – a reduction from 35 per cent to 15 per cent , passed by largely unnoticed. As a result, thousands of people who had previously sold property in Spain are entitled to a 20 per cent rebate, thought to average at £11,000 each, including interest. Due to stringent legal restrictions people who bought at the end of 2003 have already missed out, as claimants must register within four years, but thousands of Brits can still join forces and fight to get the Spanish tax authorities to pay back the money owed."
Anyone who thinks they have been affected should contact visit www.spanishtaxreclaim.co.uk or call the helpline on 0845 680 3849 or email: info@spanishtaxreclaim.co.uk, to register their interest.
Source: www.homesworldwide.co.uk
Visit Mijas Costa
<< Home