5 Oct, 2015 @ 10:50
1 min read

British homeowners to receive large Spanish tax compensation

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British homeowners in Spain are in line for huge compensation payouts from the Spanish government.

Costa del Sol housesUp to 30,000 non-residents were hit with an inheritance tax levied on their homes between 2011 and 2014.

Non-residents are classified as those who have lived in Spain for less than six months.

Among those affected by the tax were people who inherited the property when their spouses died.

Spanish authorities have now ruled that non-residents can claim back the tax, although claims can take up to eight months.

The financial redress is expected to run into many millions of euros,with repayments averaging €25,000, according to Spanish Legal Reclaims, a solicitors firm specialising in reclaiming tax for non-residents.

Due to their high numbers living in Spain, British people have been hit particularly hard among foreign homeowners.

Joe Duggan (Reporter)

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  1. Smells like a PPI-type blag as practiced by Brit ambulance-chaser lawyers. At least the ignorant punter gets SOMETHING in those cases. Wouldn’t hold my breath waiting for these guys to tip up.

  2. I have heard about this and believe it is correct. I still don’t know how they get away with charging a wealth tax to non residents, being taxed as if you rent out your property whether you do or dont. We have paid a fortune over the years.

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