Thousands of Britons who profited by selling property in Spain between March 2004 and December 2006 could be owed a 20% tax rebate from the Spanish government. Refunds could total more than £50m, according to a Spanish lawyer, and translate to about £11,000 for each claimant. Sunday Times
The European Commission has ruled that Spain contravened European Union legislation by charging foreign non-residents a higher rate than Spanish nationals. Those who sold a home before changes to the rules last year were charged the Spanish non-residents’ tax rate of 35% on any capital gains instead of the Spanish flat rate of 15%.