[John S]

Iam about to sell flat in Benalmadena and have been approached by company which maintains it can reclaim plusvalia.can anyone advise if this is legit and is such a claim likely to succeed,would be grateful for any information on the subject.

[Raquel Perez]

Dear John, As a seller you will have to pay plusvalía to the town hall and the buyer has to retain the 3% of the selling Price to be paid to the tax authorities in Spain so you will receive 97% of the selling Price. If you are not making any gain, you will be able to apply for a refund to the Spanish tax autorities of this 3% after deducting all the non resident property imputed income tax of the last 4 years you have been owning the property. Hope this helps, Raquel Perez (perezlegalgroup)

[John S]

thanks for your reply Rachel.I understand 3 per cent retention in respect of plusvalia fiscal.does your answer mean that plusvalia municipal paid to town hall is not reclaimable under any circumstances?

[John S]

Dear Raquel, I apologise profusely for addressing you as Rachel in my last text.

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