Stato
11-11-2010, 09:45 PM
I have just recieved a rather worrying letter from Junta de Andalucia, and I would really apreciate some help / advice.
We have recently sold and purchased a new property in southern spain (Manilva). Both myself and my wife are non-residents, but know the area and the systems fairly well (or so we thought!) During the purchase of our new property, we duly paid the spainish equivelent of stamp duty on the purchase price (7%). However, we have now recieved a letter from the Junta de Andalucia, stating that they believe that we purchased the property at a particulaly lower than market rate. With this in kind, they have re-calculated our "stamp duty" liability in accordance with a formula that they use to value properties, and are now demanding the (7%) "stampp duty" on the difference between the purchase price and their valuaion. Furthermore, they require a response within 10 days!!! (what if we weren't there to recieve the letter.....???)
From speaking to our solicitors, it appears that (of recent) this has been common practice. However, I really struggle to believe the values that they are using. These are in the region of:
Purchase Price: 145,000 euro
Junta Valuation: 274,000 euro
Hence, the additional sum they are asking for is rather large!
Please can you advise in respect of what my leagl possition is with this, and the best method on which to challenge the letter / demand from the Junta de Andalucia?
Many thanks in advance
We have recently sold and purchased a new property in southern spain (Manilva). Both myself and my wife are non-residents, but know the area and the systems fairly well (or so we thought!) During the purchase of our new property, we duly paid the spainish equivelent of stamp duty on the purchase price (7%). However, we have now recieved a letter from the Junta de Andalucia, stating that they believe that we purchased the property at a particulaly lower than market rate. With this in kind, they have re-calculated our "stamp duty" liability in accordance with a formula that they use to value properties, and are now demanding the (7%) "stampp duty" on the difference between the purchase price and their valuaion. Furthermore, they require a response within 10 days!!! (what if we weren't there to recieve the letter.....???)
From speaking to our solicitors, it appears that (of recent) this has been common practice. However, I really struggle to believe the values that they are using. These are in the region of:
Purchase Price: 145,000 euro
Junta Valuation: 274,000 euro
Hence, the additional sum they are asking for is rather large!
Please can you advise in respect of what my leagl possition is with this, and the best method on which to challenge the letter / demand from the Junta de Andalucia?
Many thanks in advance