Spanish Property Capital Gains Tax Reclaim

Many people in Cabrera (or friends of people in Cabrera) will be interested to learn about a new mass consumer action being led by Spanish lawyers Costa Álvarez Manglano & Associates.

Between the beginning of 2004 and the end of 2006, UK citizens and other non resident EU citizens paid 35% Capital Gains Tax (CGT), whilst Spanish nationals only paid 15%. The European Commission has said that this 20% overpayment contravenes European Community Treaty discrimination rules and was therefore charged illegally by the Spanish Government.

As a direct result of this ruling, if you have been affected and can meet the requirements laid out below, you could be entitled to reclaim the 20% CGT overpayment you made in Spain, PLUS approximately 6% interest per annum. It is estimated that the average amount owed to British and other non-Spanish citizens is between €10-30,000!

Time is of the essence, as claims must be made within four years of a property being sold.

Do you qualify?

To make a claim you must meet the following criteria:

• You sold a Spanish property between the beginning of 2004 and the end of 2006.
• You were not officially resident in Spain when you sold it.
• You paid the Capital Gain Tax to the Spanish Authorities.
• You sold your Spanish property as an individual; not as a company.

If you think you qualify visit www.spanishtaxreclaim.co.uk or call 00 44 845 680 3849 for more information. You could also contact your own lawyer or gestoría to pursue your claim.

If you know someone else who might benefit from this information, e-mail them a link to this page.