Did you sell a home in Spain after June 2004 and were you charged 35% capital gains tax?

If so you may be due a rebate if you get your claim in quickly.

The Spanish government discriminated against EU residents by charging 35% capital gains tax but only charged Spaniards 15%.

This tax trap meant thousands of Britons were overcharged 20% Capital Gains Tax by the Spanish Government. This contravenes European Community Treaty rules on discrimination.

Originally it was thought around £37 million (average of £11,000 per claim) would be reclaimed, but average claims in the first three months have been £19,000. 

Did you sell a property in Spain between June 2004 and December 2006?

British people applying for a refund are also set to add on missing interest at a compound rate of 6% to their reclaims, meaning payouts could be on average 26 % larger than first thought.

However, whilst more than 300 people have so far joined forces and registered requests for rebates since the launch of the website that was set up to help them (www.spanishtaxreclaim.co.uk) , thousands more are still to come forward.

People who have sold property previous to June 2004 have already missed out on being able to make a reclaim on their overpaid tax, as under Spanish law claims can only be made dating back over a four year period.

Some people have contacted the Spanish lawyers who were engaged to oversee their property sales. Some lawyers are trying to put people off claiming. They are saying that the papers needed are not available (Form 212) or that the consumer campaign will not succeed.

Don't be put off!

For more information, and details of how to register your interest, visit :
www.spanishtaxreclaim.co.uk
or call the helpline on 0845 680 3849
or email: info@spanishtaxreclaim.co.uk