Reply To: 3% Retention Tax


Yes, we are selling at a loss in euros, but due to the fact when we brought the euro was at 1.57 to the pound and we cleared our bank draft at 1.03 29/12/08 to the pound, we consider ourselves lucky enough to be able to reduce our price enough to attract a buyer and break even! Our lawyer has just confirmed today that the tax has been paid, today. Now we have to go through the long winded process of claiming a refund. Yet another piece of red tape to put us off ever buying in Spain again.[/url]