[marios]

Just read in the HOME overseas magazine that the EUROPEAN COMMISSSION has sent spain a formal request to ammend its tax legislation concerning capital gains stating that the present rules are discriminatory to non residents, so hopefully capital gains on property will be 15% for resident and non resident.

The EC says a higher tax burden on non-residents may put other europeans off from taking up employment or buying immovable property in Spain while remaining resident for tax purposes in another member state.It also makes it less attractive for spanish employees to recruit labour from other member states

[Anonymous]

I read that too but since when have Spain taken a blind bit of notice of the EU, you only have to look at the Valencia land grab scandal, The EU have threatened sanctions but it’s not made any difference!!

[Anonymous]

I read that too but since when have Spain taken a blind bit of notice of the EU, you only have to look at the Valencia land grab scandal, The EU have threatened sanctions but it’s not made any difference!!

[Author]

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