Majorca Property News

Mallorca Real Estate: tax refund for real estate sales in Mallorca



EU citizens that have sold there Property in Majorca between 1997 and 2006 now get back the wrongly withheld taxes from the Spanish tax office.

If you have sold as a private person in Spain 1997-2006 a property that you are not used as a primary residence, you are entitled to up to 60% to get the refund you paid tax on the additional proceeds of the sale price.
In November 2009 the European Court of Justice in favor of the EU / CH nationals has handed down a verdict on the grounds that the Spanish government illegitimate non-residents by 35% is charged on capital gains, while the Spanish citizen had to pay only 15%.
After final arguments and a half years, the attorneys of Costa Manglano Alvarez & Associates 600 claims registered and receive reimbursements for the first 100 European citizens.
It is imperative that claims be submitted within a year after spoken to the Court, ie Your refund request must be submitted before mid-November 2010.

AM Real Estate Mallorca has its customers affected by this ruling, be fully informed and made the appropriate requests. We are also happy other sellers of real estate on Mallorca to help. Our service telephone number +34-971 839 585 or +34- 971 842 436. Rocio, Nadja and Elisa are from Monday to Friday during the period from 9:00 - 13:00 and 16:00 to 18:00 with help and indeed available.