Can we really claim capital gains rebait
Jan 19th 2009, 1:25 pm
#1
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Joined: Jan 2009
Posts: 1
Can we really claim capital gains rebait
I was browsing the internet and came across a site that claims that there has been a new ruling throughout the EU saying that if i sold my property between 2004 and 2007 in spain and paid the 35% capital gains tax (which i did) i would be eligible to a substantial rebait. Has any one ever heard about this or the site cgrefund.com? I would be grateful for any input. Thanks
Jan 21st 2009, 10:33 am
#2
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Joined: Nov 2007
Location: Ayamonte
Posts: 876
Re: Can we really claim capital gains rebait
Have a look on the Free Beer Thread under Spanish Tax. It does say it was equalised under EU regs
Jan 21st 2009, 10:52 am
#3
Senior Moment
Joined: Jan 2006
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Re: Can we really claim capital gains rebait
Yes, but iirc there was a time limit for doing it
Jan 21st 2009, 10:07 pm
#4
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Joined: May 2004
Location: Guadalhorce Valley, Málaga
Posts: 1,059
Re: Can we really claim capital gains rebait
If you are British, even if you were successful in claiming back any tax from the Spanish authorities (which I doubt), you would have to hand it straight over to HMRC as the CGT rate was 40% in the UK at that time and you are liable to pay the difference. You should have paid the 5% difference the time anyway so claiming would prabably get you into more trouble than it is worth which is precisely nothing!
Jan 22nd 2009, 7:02 am
#5
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Joined: Jul 2003
Location: Benalmadena Pueblo,Spain
Posts: 20,156
Re: Can we really claim capital gains rebait
There was a thread on this before, the link was to a company advert claiming they could get it back for you....... at a cost.
