Kirkpatrick & Hopes, Consulting Accountants and Business Advisers, Reading

19 August 2008

Have you sold a Spanish property?

Anyone who has sold a Spanish property between July 2004 and December 2006 may be entitled to reclaim a substantial portion of the Spanish Capital Gains Tax (CGT) paid at the time of sale.

Individuals who can benefit most, are those who have not paid UK CGT on the gain. During this period UK citizens and other non-resident EU citizens paid up to 35% CGT when selling their property, compared to just 15% paid by Spanish nationals.

This overpayment breaks European Community Treaty discrimination rules and could now result in refunds for those who have a claim.

For further information and to see whether you or your client may be eligible to make a claim please contact us.

The information in this site is of a general nature and is not a substitute for professional advice. You are recommended to obtain specific professional advice before you take any action. Authorised by the Institute of Chartered Accountants in England & Wales to carry out Investment Business and to practise as Registered Auditors.
A registered Training Practice of the Association of Chartered Certified Accountants.
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Contact us at: Overdene House, 49 Church Street, Theale, Reading RG7 5BX | T: 0118 923 5800 | F: 0118 923 5801 | E: mail@kandh.co.uk |