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Go Back   Pollensa Forum > BEFORE YOU GO > Hotels, Villas & Apartments in Pollensa & Cala San Vicente

Hotels, Villas & Apartments in Pollensa & Cala San Vicente Discuss hotels, aparthotels, private villas, apartments and any other type of accommodation in the Pollensa area including Cala San Vicente. Do add reviews and comments for specific hotels and apartments. Readers find these very useful. However this forum is not a place for advertisements. Check out the 'Advertise' page on the main web site.

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  #286  
Old 01-11-2018, 20:09
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A couple of points, remember if you have joint ownership of the property you are allowed 11700 each before you are liable for gains after you deduct Spanish gains tax paid.
Any gain then is added to individual annual income and if each below 46350 will be taxed at a rate of 18% and 28% above for residential property.

Apparently my friendly tax consultant tells me the revenue are only interested in the purchase price and the selling price at the daily exchange rate on day of purchase and sale. This will determine gain or loss less Spanish capital gain paid.

It will be interesting to see how Brexit affects this in the future.

No financial advice intended, just my personal understanding.
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  #287  
Old 02-11-2018, 16:24
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Quote:
Originally Posted by Papillon View Post
A couple of points, remember if you have joint ownership of the property you are allowed 11700 each before you are liable for gains after you deduct Spanish gains tax paid.
Any gain then is added to individual annual income and if each below 46350 will be taxed at a rate of 18% and 28% above for residential property.

Apparently my friendly tax consultant tells me the revenue are only interested in the purchase price and the selling price at the daily exchange rate on day of purchase and sale. This will determine gain or loss less Spanish capital gain paid.

It will be interesting to see how Brexit affects this in the future.

No financial advice intended, just my personal understanding.
Thanks Papilon, that is my understanding too
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  #288  
Old 03-11-2018, 07:59
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Originally Posted by Hanser View Post
.... it could cause the price of these properties to be driven down and become more affordable for residential use.......
That is exactly what the "locals" are calling for........... not only in in PP; also in Barcelona, Madrid, etc.

Now, of course, you could reply, as in the late XIXth century, a few thousand miles further East: "The natives are restless? Get the guns out!"
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  #289  
Old 03-11-2018, 11:20
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Originally Posted by JPALCOVER View Post
That is exactly what the "locals" are calling for........... not only in in PP; also in Barcelona, Madrid, etc.

Now, of course, you could reply, as in the late XIXth century, a few thousand miles further East: "The natives are restless? Get the guns out!"
Do you write for the Majorca Daily Bulletin by any chance?
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  #290  
Old 03-11-2018, 18:48
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Originally Posted by Hanser View Post
Do you write for the Majorca Daily Bulletin by any chance?
Actually, I write for the Punjabi Gazette.
debz1, Jimbo the Jambo and Hanser like this.
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