Taxes when Selling Spanish Property
We are just in the process of selling our apartment We were told that a 10% deposit would go into our bank account this has not happened, the Lawyer has a cheque which is 6%. Also the exchange date has been brought forward a week.From start to finish the sell will have only taken 4 weeks is this normal. We have a lawyer but the estate agent used his one. Regards Eric Dixon
Taxes when Selling Spanish Property
Dear Sir, We sold a villa in Mallorca Oct 2008. We sold it totally legally (no black money) and made no profit. We handed over 3% retention of approx 700,000 euros, now after over a year and a half the Town Hall Tax people have decided that the villa was worth 1.2million euros and we not only do not get 3% back but we owe them over 6,000euros as well. All documents showing purchase, sell price and bank statements have been lodged but they are adamant that we owe them. This seems like theft what can we do?
Taxes when Selling Spanish Property
We recently sold a property in Spain and are planning to use the proceeds to buy a property in the U.S. Upon sale, we paid capital gains taxes in Spain. Will we have to pay capital gains taxes on the remaining amount in the United States before purchasing a new property in the U.S.?