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Last chance to reclaim overpaid Spanish property taxes !

Fri 9th Jul 2010

Britons illegally charged more than twice the standard tax on profits for selling Spanish property now have just one month left to reclaim their cash.

Anyone charged the 35% Capital Gains Tax Rate rate - some 20% more than Spanish nationals pay - can claim back around 18,000, on average.

This could mean a combined sum of 283 million in refunds for UK citizens.

Claims can be made for properties sold in Spain from 1997-2006 after the European Court of Justice (ECJ) extended this from 2004-2006 in November last year.

UK citizens who had a previous claim turned down can now reapply after the ECJ took legal action to allow this.

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