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HiFX - Currency Specialists

Change in Capital Gains Tax in Spain – are you eligible for a refund?

Here is a little information that will be of interest to you if you have SOLD a property in Spain.

Between 1997 and 2006, EU property owners were charged 35% Capital Gains Tax whilst the Spanish were only charged 15%.

A recent ruling by the European Court of Justice ruled that this 20% overpayment was discriminatory and against EU law. The ruling paves the way for hundreds of thousands of Europeans to a tax rebate of possibly tens of thousands of Euros.

If you have sold a property in Spain over the last 20 years you will probably be eligible for a refund.

The Spanish legal procedures that rule this refund are complex and may be different for each region and each case.

We can suggest independent legal advisors who are specialists in taxation and the Spanish legal system in Murcia. Contact us for details.

Act now otherwise you could be put your claim in jeopardy.

Time is running out as all claims must be lodged by November 1st 2010.


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OTHER OVERSEAS PROPERTY FOR SALE

Under the umbrella name of Direct2 homes overseas , we now offer a wide variety of property for sale overseas in a selection of countries.

PROPERTY FOR SALE IN SPAIN – We offer an enormous variety of property in Spain in the property hot spot of Murcia. Spanish property sales are still a very high proportion of the overseas property market due to Spain’s excellent climate and it being just a 2 hour flight away. Holiday Lettings Spain

POLARIS WORLD – As winners of the Polaris World Golden partner award, we offer an unrivalled service for Polaris World Golf property. PolarisWorld are building 7 golf resorts in Murcia with 9 golf courses designed by golf legend Jack Nicklaus and with a variety of property for sale.

GOLF PROPERTY IN SPAIN – We have the widest range of Golf property in Murcia which has a goal of becoming THE golf destination of Europe in years to come.

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