Capital gains Tax

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    • October 1, 2012 at 9:58 pm #57089
      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.

    • October 2, 2012 at 7:50 am #112526
      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.

    • October 2, 2012 at 10:09 am #112531
      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.

    • October 2, 2012 at 10:39 am #112532
      angie
      Blocked

      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 😛

    • October 2, 2012 at 12:16 pm #112534
      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

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