Before I ask the question let me say how pleased I was to find this site. Thank you to everyone involved in replies. Thats enough of the grovelling, now heres my question !

I purchased an apartment in Feb 1994 for 70,000 ptas. Costs were 812 ptas which included a 37 euro penalty because the purchase price was not accepterd and they calculated it should have been 7,800 ptas.

I now hope to sell at a declared value of 150,000 Euros less costs.

Can you give me an idea of tax implications please ? I understand the 11.1% allowance may be due for just 2 years.