Spanish Capital Gains Tax Rebate may be possible on sales between 1997 & 2006

Spanish Capital Gains Tax Rebate may be possible on sales between 1997 & 2006

If you sold a property in Spain in the period between 1997 - 2006 a recent ruling may be a significant benefit to you.

You may be entitled to a Spanish Capital Gains Tax Rebate

                                    - BUT -

claims must be registered within 12 months of the ruling.

Between 1997 and the end of 2006 a UK citizen selling a Spanish property paid 35% CGT (Capital Gains Tax), but Spanish nationals paid only 15%!

The ECJ ruling confirmed legal arguments and states this overpayment contravenes European Community Treaty discrimination rules and confirm it should not have been charged by the Spanish Tax Authorities.

Therefore, you may be entitled to reclaim this overpayment, plus approx 6% interest annually from the moment you present your claim, subject to you meeting the requirements.

There is an estimated 90,000 people who could make a claim.

Make sure you don’t miss out;
claims must be registered within 12 months of the ruling!

BUT: Although time is of the essence, it is critical to make the claim in the right way;
because:
"any cases that are rejected for whatever reason, cannot file the reclaim again".

Read more:
    Daily Mail - Britons could reap Costa tax rebate
    The Times - Britons owed millions in compensation for discriminatory Spanish tax law
    The Daily Telegraph - British couples living in Spain
    The Independent - Britons win fight for fair tax after Spain charges them more than more than double
    Intasure - Spanish Capital Gains Tax Rebate

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Casa Flores - Cala Egos

New Cala D'or Health Centre

Cala D'or gets a new 1.3 Million Euro Health Centre

Cala d'Or and the the locality benefits from a recently opened Health Centre; the centre was opened by the Minister for Health (Vicenc Thomas) together with the local Mayor (Miquel Vidal) earlier this year.

The new centre cost almost 1,300,000 euros and replaces the older facility in Cala D'or, it will provide improved working conditions for medical staff and more comfort for patients.

The new facilities have been designed to cope with the greatly increased workload during summer months when Cala D’or accommodates many with tourists.

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Cala Mondrago nature reserve benefits from tree project

Mondrago Nature Reserve to benefit from tree planting project

The Mondrago Mallorca National Park is to benefit from a joint project between the Environment and Transport Minister (Gabriel Vicens) and Guillem Aulet (the head of private banking group La Caixa), to finance planting of trees on five separate tracts of land.

The plan is to plant about 600 trees, including almond, carob and fig, on public land in the Mondragó nature reserve as part of a scheme to recover the park’s agricultural heritage.

The scheme is just one of many organised by the joint venture to improve and conserve natural areas of the Balearic Islands, the planting work is to be carried out by long-term unemployed.

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