Re: Re: Spain: the new crisis in Euroland


They say ‘the devil’s in the detail’

The new CGT raised from 18% to 28% immediately but for higher earners. When analysed it shows that a low earner who has a capital gain that pushes his combined earnings and gains to £43400ish must pay the higher rate of 28% on his gain, this wasn’t apparent at 1st until the boffins studied the detail.

So, UK residents in Spain who’ve made a profit on Spanish property and if they still own a UK bolthole will fall foul of this new CGT hike!