18 Feb 2021 9:27 PM:

Thanks for clearing it up Roberto, much appreciated 

 

 

Thread: 3% retention

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18 Feb 2021 12:33 PM:

I wonder if the lack of replies is down to my asking the question in a confusing way so if allowed I’d like to try something else, and hopefully someone will know.

When the 3% is taken is it held until all taxes/fines owed are paid then the full 3% is refunded, or do they take what’s owed from the 3% then refund the difference?

Thread: 3% retention

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14 Feb 2021 7:32 PM:

Thanks for the replies. Definitely not making a gain from the sale, when all said and done probably a 50% loss.
What I’m trying to find out: as I owe 4 years non residents tax (which won’t amount to the 3% withheld) which is all I owe, is it normal to pay the non residents tax before the 3% is taken which is what my lawyer (for a fee) is suggesting, given that the 3% is held in order for the tax office to reclaim any taxes I owe, seems to me that I would be paying my lawyer to do the job of the tax office.

Or am I missing something?

Thread: 3% retention

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14 Feb 2021 2:06 PM:

Hi, 

I’m in the process of selling my property in Spain and understand that the buyer will withhold 3% in case of taxes owed, as I understand it I owe several years non residents tax and it’s being suggested that I should employ a lawyer to pay what I owe beforehand. Am I wrong in thinking that this might be throwing good money after bad given the reported cases whereby the 3% is never returned, and if the 3% is returned would the tax office not have deducted what I owe before returning the remainder thereby negating the need for a lawyer?

Thread: 3% retention

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26 Oct 2017 12:29 PM:

Hi Maria, thanks for the reply.

I’m still a bit confused though, can you clarify what you mean when you say “that agreement made by the master community is null and void”, are you saying that if not challenged within 15 years it then becomes legal?

J.t

Thread: sub community fees

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