Brits win capital gains rebate in Spanish court ruling
Mar 7th 2009, 3:04 am
#1
Thread Starter
Joined: Apr 2008
Posts: 1,433
Brits win capital gains rebate in Spanish court ruling
Around 10,000 Britons who were illegally overtaxed by the Spanish government when they sold their properties in Spain are in line for rebates averaging £14,500 following a court ruling. 
In a landmark victory for a British couple, it was ruled that a 35 per cent capital gains tax charge for non residents contravened EU rules and must be repaid, with 6 per cent interest.
If you feel you have a claim that you were over taxed when you have sold a Spanish home and you were a non resident. See here....
www. spanishtaxreclaim.co.uk
With regards details of the test case which was won. See here....
http://www.dailymail.co.uk/news/worl...overnment.html
In a landmark victory for a British couple, it was ruled that a 35 per cent capital gains tax charge for non residents contravened EU rules and must be repaid, with 6 per cent interest.
If you feel you have a claim that you were over taxed when you have sold a Spanish home and you were a non resident. See here....
www. spanishtaxreclaim.co.uk
With regards details of the test case which was won. See here....
http://www.dailymail.co.uk/news/worl...overnment.html
Mar 7th 2009, 5:51 am
#2
RETIRED ;-))
Joined: Jul 2003
Location: Benalmadena Pueblo,Spain
Posts: 20,156
Re: Brits win capital gains rebate in Spanish court ruling
Around 10,000 Britons who were illegally overtaxed by the Spanish government when they sold their properties in Spain are in line for rebates averaging £14,500 following a court ruling.
In a landmark victory for a British couple, it was ruled that a 35 per cent capital gains tax charge for non residents contravened EU rules and must be repaid, with 6 per cent interest.
If you feel you have a claim that you were over taxed when you have sold a Spanish home and you were a non resident. See here....
www. spanishtaxreclaim.co.uk
With regards details of the test case which was won. See here....
http://www.dailymail.co.uk/news/worl...overnment.html
In a landmark victory for a British couple, it was ruled that a 35 per cent capital gains tax charge for non residents contravened EU rules and must be repaid, with 6 per cent interest.
If you feel you have a claim that you were over taxed when you have sold a Spanish home and you were a non resident. See here....
www. spanishtaxreclaim.co.uk
With regards details of the test case which was won. See here....
http://www.dailymail.co.uk/news/worl...overnment.html
Mar 7th 2009, 8:13 am
#3
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Joined: May 2004
Location: Guadalhorce Valley, Málaga
Posts: 1,059
Re: Brits win capital gains rebate in Spanish court ruling
So now HMRC will be on their case as the difference in CGT is payable to the UK and it was 40% at that time. I think this will turn out to be a hollow victory.
Mar 7th 2009, 8:25 am
#4
Lost in BE Cyberspace
Joined: Feb 2009
Location: UK
Posts: 14,284
Re: Brits win capital gains rebate in Spanish court ruling
Isn't CGT paid at the marginal rate of income tax? So it is 40% if you are a 40% tax payer only.
