Thursday, May 22, 2008

37 million pound tax rebate!

Thousands of British who have sold Spanish property between 2004 and 2006 could get a share of a 37 million pound tax rebate from the Spanish government.
Those who qualify could get 11,000 pounds each, including interest, as a result of the Spanish government claiming too much capital gains tax.
Britons with homes in Spain who sold their properties between March 2004 and December 2006 paid a non-residents’ tax rate of 35% on any capital gains, compared with 15% paid by Spanish nationals. This is against European rules about discrimination.

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