Reclaim Spanish Capital Gains Tax Paid 2003-2006

According to the website  www.spanishtaxreclaim.co.uk

If you sold your property in Spain between 2003 and 2006 you could be entitled to reclaim thousands of pounds back of the Capital Gains Tax you paid.

In the past non-residents were liable for 35% capital gains tax on property sold in Spain compared to only 15% that was payable by residents.  The EU has ruled that this was discriminatory and the rates were lowered to 18% with the resident rate increased to this same amount.

To qualify they state you must fulfill the following criteria:

1. You sold a Spanish property between May 2004 and December 31st 2006.
2. You were NOT a fiscal resident in Spain when you sold it.
3. You paid the Capital Gain Tax to the Spanish Authorities.
4. You sold your Spanish property as an individual; not as a company.
5. You have, or can obtain, a copy of the Spanish Tax Form “Modelo 212” you completed when you sold the property

They also have a calculator on the site which allows you to estimate how much you are entitled to.   Based on a €200,000 property purchased in October 2005 and sold for €250,000, they calculate you could be entitled to approximately €10,000!  Not to be sniffed.

Rush over to their site and see if you qualify - www.spanishtaxreclaim.co.uk

Thanks to Steve Clark of www.euro-cheque.com for bringing this to our attention.