Brits who sold homes in Spain can reclaim CGT

November 12th, 2008

There have been a lot of stories in the press recently about how Brits and other EU citizens who sold a Spanish property between June 2004 and December 2006 could be entitled to reclaim part of their Spanish capital gains tax.

Thousands of Britons who sold a property in Spain during this period could be owed a 20 per cent tax rebate from the Spanish government.

Initial estimates put the total amount to be reclaimed by British citizens at £11,000 per person, totalling an estimated £37m.

However, over the last few months hundreds of Brits have registered average reclaims of more than £19,300 each – totalling more than an estimated £86m.

It has been estimated that somewhere in the region of 4,500 British people, plus thousands more residents in other European countries, may now be entitled to reclaim their tax.

For more information, see www.spanishtaxreclaim.co.uk.

Related posts:

  1. Capital gains tax victory
  2. Three Years to Absorb Flood of Spanish Homes
  3. ‘Illegal’ Spanish homes to be legalised
  4. Brits Buy As Pound Gains Against Euro
  5. UK Tax Break for Holiday Home Owners in Spain

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