BRITISH property owners are finally starting to receive their refunds almost a year after Spain changed a discriminatory policy on inheritance tax for foreigners.

Brits forced to sell properties over inordinate taxing
Brits forced to sell properties over inordinate taxing

Up until the European Court of Justice’s ruling last September, Spanish residents paid 1% inheritance tax, while expats were charged up to 35%.

Despite being promised refunds, the expats saw no results all year, forcing many to sell property both in Spain and England.

Finally, the government has started to pay up, although despite the promised average amount of €25,000, property owners have reported receiving closer to €10,000.

Avatar

About Nina Chausow

DO YOU HAVE NEWS FOR US at Spain’s most popular English newspaper - the Olive Press? Contact us now via email: [email protected] or call 951 273 575. To contact the newsdesk out of regular office hours please call +34 665 798 618.

This site uses Akismet to reduce spam. Learn how your comment data is processed.