15 Apr, 2016 @ 12:48
1 min read

Spanish Hacienda forced to repay Brits ‘discriminatory’ inheritance tax

euross e

eurossA GROUP of British holiday home owners has been refunded €3.3 million in taxes they should never have been charged, The Spanish hacienda (tax authority) has been forced to hand back millions of euros to Brits overcharged on inheritance tax following a European Court of Justice ruling that the charges were ‘discriminatory’.

The claimants have received an average of €30,000 each. Claims worth a further €7 million are still to go through the courts.

The Spanish authorities raised the tax on properties passed on to friends or family following the death of a non-resident owner.

The inheritance tax levied on non-resident homeowners usually amounted to a third of the property’s value and had to be paid within six months of inheriting.

Barcelona-based lawyer Luis Cuervo expects more people to now come forward and claim what they are owed.

“The repayment is not automatic, you have to come forward a file a claim,” he explained. “Anyone who paid inheritance tax during the past five years can claim back all the tax that they paid – but doing so is a complex and daunting task only for specialised lawyers, experts in EU tax claims, as there is no single form to fill in.”

EU FLAG
Previous Story

Spain and four largest EU economies to share information on secret owners of businesses and trusts

Spring dining sonora  e
Next Story

Beach bar o’clock as the coast’s chiringuitos open for business

Latest from Business & Finance

Go toTop

More From The Olive Press