Taxes when Selling Spanish Property
Dear Sir/Madam
We bought our Spanish property in 1999, but it was purchased by an non resident Company registered in the Republic of Ireland (Eire). Would the Spanish taxes be any less if we sold the Company, rather than the actual property and what would the taxes be?
Many thanks
Taxes when Selling Spanish Property
Is there an agreement on tax debtors from Spain returnng to ther country of origin.
My pensionista sister 67, lived in Spain for 6 years but returned to Wales due to the continuing ill health of husband 67.
Although she was registered on Padron and for NIE plus residencia, she did not become a fiscal tax resident. A 3% retention was, therefore, paid on a capital gain of 120,000 € in November 2009. Things are bad at present and she is paying for additonal care. ( By the way, she should not be payng ths tax because the lawyer and builder underdeclared the value of house by 100.000€. I think this contributed to stress and heart problems.
Is she likely to be pursued by the hacienda for non payment of remaining capital gain as I would rather pay this for her f I can by instalments. How much would it be. Where do I go to pay and when?
Please can you help us
Tax on second home for recent resident.
Hi,
I purchased a property in Spain in 1996 as a holiday home for the family-
However as it's not being used I am looking to sell the place. During that time I have moved to Spain and become a resident as off 1 year ago ( previous to that I was uk resident).
I am living in a different part of Spain to where my holiday house was and am building a new place here to which I have already purchased the land.
What are the tax implications of selling the house I bought in 1996, taking in mind that I am now a resident and also that I have another property in Spain now?
Thanks, Mr Tron.
Taxes when Selling Spanish Property
My parents bought an appartment in Majorca in 1981 and are now looking to sell.As they have owned the appartment for so long,my undestanding is that they will not have any CGT to pay in Spain (though they will in the UK),but will they still have the 3% Retention/Withholding Tax deducted even though they have no CGT liability in Spain and then have to wait for 12/20 months for a refund.