Small Victory for UK Homeowners in Spain
March 9, 2009 | Leave a Comment
A court decision in Spain has opened the way for thousands of UK citizens to reclaim some of the tax they paid when they sold their homes there.
The High Court in the region of Valencia has ruled in favour of a British couple, Mr and Mrs Roy.
It told the Spanish tax authorities to repay them for being charged a capital gains tax levied at 35% instead of 15%.
A spokesman for the Roys’ law firm said it was gathering similar cases, with an average claim worth £14,100.
“This discriminatory law was in force for many years,” said Emilio Alvarez of Valencian law firm Costa, Alvarez, Manglano.
“It will have affected thousands of people,” he added.
Spanish Tax Men Get Tough On British Homeowers
September 12, 2008 | 7 Comments
Owners of Spanish property could lose their homes if they fail to produce new identification documents proving their non-resident status, writes Ali Hussain of the Times Newspaper.
Britons who use their overseas accounts to pay for their Spanish mortgages and essentials such as utility services and council taxes, have been required by Spanish banks to produce a residence certificate or “Residencia” since March last year.
Liechtenstein Scandal Update
March 4, 2008 | Leave a Comment
An update to the story earlier – http://spanish-taxes.co.uk/spain/liechtenstein-fraud-probe-spreads-to-spain-as-tax-office-picks-up-trail/
The Spanish tax office confirmed at the weekend that it has obtained the names of 100 Spanish citizens believed to have evaded taxes in Liechtenstein
3 March 2008
MADRID – The Spanish tax office confirmed at the weekend that it has obtained the names of 100 Spanish citizens believed to have evaded taxes in Liechtenstein, becoming the 15th country involved in an international probe into fiscal fraud in the Alpine principality.
Liechtenstein Fraud Probe
February 28, 2008 | 1 Comment
A rapidly expanding international probe into tax evasion centred on Liechtenstein spread to Spain on Tuesday.
27 February 2008
MADRID – A rapidly expanding international probe into tax evasion centred on Liechtenstein spread to Spain on Tuesday, with the Spanish tax office confirming that it is joining a growing list of countries investigating citizens with bank accounts, companies and foundations in the Alpine principality.
Controversy Surrounds Spanish Tax Cut Vows
January 30, 2008 | 1 Comment
With less than six weeks to go before a hard-fought general election in which the economy has moved centre stage, Spaniards are being showered with promises of tax cuts. But as government and opposition compete with prospective tax breaks, the electorate’s response remains wary.
José Luis Rodríguez Zapatero, the Socialist prime minister who is seeking re-election on March 9, is facing a barrage of criticism this week after promising a €400 ($591, £297) tax rebate for 13m wage earners and pensioners. The measure is expected to cost €5bn, or one-quarter of the government’s fiscal surplus of 2 per cent of gross domestic product.
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