Hello Soldin2011
I'm posting below the calculations with the updated values:
Therefore, the tax office should refund around €2300 if your non-residents taxes were up to date when you sold the property.
Date of Purchase 15/06/1986
Date of Sale 08/03/2011
Purchase Price 29,448.00 €
Purchase Costs 2,061.36 €
Sale Costs 11,076.44 €
Selling Price 150,000.00 € (updated based on the 3% retention)
Updated Purchase Price 40,672.28 €
Coefficient. 1.2908
Capital Gains 109,327.72 €
Days Between Sale and Purchase 9033
Days Between Purchase and 19/01/2006 7159
Capital Gains Subject to Reduction 86,646.42 €
Number of years for the calculation of the reduction 11
Reduction resulting of applying the inflation coefficients 86,637.76 €
Reduced Capital Gains 11,613.52 €
Capital Gains Tax Rate 19%
Capital Gains Tax 2,206.57 €
When you transfer your property, you can offset agent, lawyer and notary fees, plusvalÃ*a tax and any other fees having to do with the sale. Costs having to do with non-residents or IBI taxes are not deductible. By the way, note that non-residents tax levies the owners, not the property, and therefore no retention should be made in this respect (funds are normally withheld to cover unpaid IBI taxes or community fees).
Regards
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