10 Dec 2016 9:55 AM:

Six years ago I sold an apartment in Andalucía at a loss (55,000 Euros) and bought a house nearby. I am non- resident so claimed back the 3% retention. Four years ago the Spanish Tax Office valued the flat at 110,000 Euros and charged me Capital Gains Tax on 55,000 Euros. Be warned!

 

Thread: Capital Gains tax refund when selling

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28 Apr 2013 7:40 PM:

On the web page headed Cálculo del valor de referencia de bienes urbanos if you enter the valor catastral as 100000 the figure for the taxman to work on is 300000. That was for the municipio of Adsubia because it's alphabetical. All of the municipio mutiplication rates are different (in Andalucía) . It depends on when the local council did the valor catastral figures.

Hope it works for you. If not, let me know what municipio in Alicante your property is in, when you sold it and the valor catastral and I'll see if it works in the webpage that I'm looking at.

Be Lucky

Thread: AEAT Capital Gains Tax Demand

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28 Apr 2013 1:52 PM:


Hi Formentera Costa

I've just looked around and found a site but EOS won't let me enter it here so try entering in google

'Junta de valencia valor urbana' then top of the list should be 'cálculo del valour de bienes urbanos'.

Click on that site and enter your details and you'll get the information you want.

Be Lucky

Thread: AEAT Capital Gains Tax Demand

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27 Apr 2013 7:57 PM:

If the property is in Andalucia search for Junta de Andalucia val Urbana on google. EOS will not allow me to enter the website address. Enter a date, province and town then the valor catastral (rateable value). You'll have to get this from the owner, it's on their IBI bill (council tax). The figure that comes up is the minimum figure that the tax office will accept. So, in your example, the asking price of 130.000 € that you quote maybe the same as the website valuation. If you buy it for 90.000 € the purchase tax will be at 8% = 7.200 €. The tax office however have four years in which to sniff around so they will charge you another 8% of 40.000 € = 3,200 €. They eventually want at least 8% of whatever the figure is in the website above. If the figure that you pay is above the website figure you will have to pay the purchase tax on the greater figure. I would strongly advise you to discuss this with your Spanish lawyer and let him know that you need to know all about the complementary tax. If you put the money away for 4 years you might only get a whiff of interest on it but at least you won't get a shock when the bill comes. If after 4 years they haven't got round to you (fat chance) then check out with your lawyer if the coast is clear then you can treat yourself, your wife and kids to an ice cream.

Thread: AEAT Capital Gains Tax Demand

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27 Apr 2013 4:35 PM:

I asked my lawyer in an e-mail 1)is the Hacienda calling me a liar (because I have witnesses to the 55.000 € handshake) or 2) have they made up their minds to charge me more and nothing will change their mind? He answered that 2) is correct.

Yesterday I e-mailed a letter to the European Commision because I am so infuriated by how unjustly the AEAT treat European Citizens. This is my first time ever on a forum and last week my Spanish lawyer told me that I was the first seller that had received a complementary letter that he knew of. Plenty of buyers but no sellers. Thing is, in 60 years I've never really complained officially about anything. This has given me the 'right 'ump'.

Thread: AEAT Capital Gains Tax Demand

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