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Go Back   Pollensa Forum > LIVING & WORKING IN POLLENSA > Living & Working in the Pollensa Area

Living & Working in the Pollensa Area This forum is for any comments, questions and advice about living (permanently or temporarily) and working in the Pollensa area. Aimed at ex-pats, property owners etc.

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Old 18-02-2007, 22:51
Join Date: Feb 2008
Location: Suffolk
Posts: 124
Default 5% Retention for Capital Gains Tax after sale of apartment

We sold our apartment in October 2005 and 5% of the selling price was retained by the lawyer as required by the government in case of capital gains.

We have no capital gains tax as we didn't make a profit but we still haven't received our 5% back. We have enquired several times with the lawyer when we will recived this and he assures us that it takes time. However, 16 months have now passed with no hint of our money back.

Has anyone else had experience of this?
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Old 19-02-2007, 08:03
Belladonna's Avatar
Join Date: Feb 2008
Location: London, Kent borders.
Posts: 4,073
Default Re: 5% Retention for Capital Gains Tax after sale of apartme

Sorry, but yes. Still waiting 2 years on. Manana!!
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Old 01-12-2009, 13:50
Join Date: Apr 2008
Location: Southampton & Pine Walk Apt
Posts: 999
Default Claims for refunds of Spansih CGT

Not sure if anyone else has commented on this already but there seems to be a good chance of claiming back some Spanish Capital Gains Tax for properties sold by non-residents between 1999 & Dec 2006.
Have a read of this article and see what you think:-

Costa Alvarez Manglano | Spanish tax reclaim | International Tax Expert Lawyers

Hope it's lucky news for some people!
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Old 01-12-2009, 15:15
eleanor's Avatar
Join Date: Jul 2009
Location: on the coast in Essex
Posts: 1,739

A friend of ours who sold via an English estate agent was told to be very careful because of the black money situation. They were told it could open a huge hornets nest.
Haven't heard of any other experiences though.
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