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Good news if you sold a house.

Good news if you sold a house.

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Old Nov 28th 2009, 9:17 am
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Default Good news if you sold a house.

http://www.timesonline.co.uk/tol/new...cle6935449.ece
But when will the government pay anyone back is open to question.
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Old Nov 28th 2009, 9:33 am
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Default Re: Good news if you sold a house.

Another press release from money grabbing lawyers dressed up as a report from the Times. I wonder how much money they will want upfront for taking on the case They have been publicising this for over a year!
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Old Nov 28th 2009, 10:04 am
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Default Re: Good news if you sold a house.

This was discussed recently
http://britishexpats.com/forum/showthread.php?t=630105
People will be no better off because they will have to hand any "refund" (and maybe more!) straight over to the Inland Revenue
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Old Nov 28th 2009, 10:55 am
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Default Re: Good news if you sold a house.

Originally Posted by Hillybilly
This was discussed recently
http://britishexpats.com/forum/showthread.php?t=630105
People will be no better off because they will have to hand any "refund" (and maybe more!) straight over to the Inland Revenue

So do the Spanish pay income tax on their gains after selling a house? If not then someone should go back to the EU
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Old Nov 28th 2009, 1:08 pm
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Default Re: Good news if you sold a house.

Yes of course...if it's a 2nd home...or you don't reinvest the proceeds in another principal residence.
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