Showing posts with label capital. Show all posts
Showing posts with label capital. Show all posts

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.