Capital gains Tax

LoadingFavourite

This topic contains 4 replies, has 5 voices, and was last updated by Profile photo of Anonymous Anonymous 4 years, 2 months ago.

  • Author
    Posts
  • #57089
    Profile photo of Anonymous
    Anonymous
    Participant

    From today’s newsletter: + Brussels ultimatum to Spain: Stop fiscal discrimination against expat residents – http://t.ymlp286.net/qeqjafabwmjataemaaahmbm/click.php

    Am I misunderstanding something? Is this article referring to non-residents? As far as I was aware, EU nationals who are fiscal residents in Spain are treated exactly the same as Spanish nationals when it comes to CGT on your principal residence.

  • #112526
    Profile photo of Anonymous
    Anonymous
    Participant

    You are right in the sense that it’s not real discrimination but EU law are also against putting up any obstacles that in practise makes it harder for different nationalities to move around. You can say that EU law is against both direct and indirect discrimation.

    Biggest problem as I see it is Spain inheritance laws that actually are discriminatory in practise.

  • #112531
    Profile photo of Arthur Stuttard
    Arthur Stuttard
    Participant

    As a result of my complaint to Brussels, Spain has been told to get its house in order on Inheritance Tax. If nobody complains, nothing is done.

  • #112532
    Profile photo of angie
    angie
    Spectator

    Good for you Arthur, those who shout loudest get things done 😛

    There is a culture worldwide where Governments, Councils, Big Business etc either do nothing when people complain or just pay lip service and hope you go away, however, we don’t let them get away with it and guess what, they end up doing or changing things for a quiet life 😛

  • #112534
    Profile photo of Anonymous
    Anonymous
    Participant

    @miro wrote:

    From today’s newsletter: + Brussels ultimatum to Spain: Stop fiscal discrimination against expat residents – http://t.ymlp286.net/qeqjafabwmjataemaaahmbm/click.php

    Am I misunderstanding something? Is this article referring to non-residents? As far as I was aware, EU nationals who are fiscal residents in Spain are treated exactly the same as Spanish nationals when it comes to CGT on your principal residence.

    I think you now pay the same CGT rate as Spaniards, but you don’t get the same tax break (0% CGT) if you reinvest in another principal home. That is the only difference.

    The truth is I picked this up in a story in the Spanish press, and haven’t yet had a chance to check it out with a tax lawyer. I assume for the moment, however, that El Mundo are competent enough to get their facts straight: http://www.elmundo.es/elmundo/2012/09/27/suvivienda/1348757723.html

You must be logged in to reply to this topic.