Inheritance Taxes

Norm

Let's get back on track!

I would prefer to see Spain challenged on the use of its deemed or artificial values.

If you buy cheap then you have to pay tax by reference to Junta Andalucia (based on multiple of catastral value).

and if you sell cheaply then the tax office (Agencia Tributaria) for capital gains tax purposes will have their own Arquitecta Tecnica re-value the property based on property sales websites (properties NOT selling) and/or a land + build cost * multiple.

Both of these practices are a farce with the property market in the state that it is ....... and you have desperate sellers!

Whatever the tax I just want to see people assessed by actual transaction price. As regards capital gains tax the target is the extranjero.

These provisions apply to everybody and not just non-residents.  If you feel otherwise, complain to Brussels.

Yes have read some of your helpful posts on www.belegal.com.  In fact it has helped me out in the past with a legal matter.

It will be good if Brussels do something about this perhaps other things may come from it? 

Leema Norm de Plume is an assumed name like a pen name we all live and learn.

Pat   

Norm, you started the thread with .........

Spain have been give 2 months to rectify their discrimination in Inheritance Tax for non-residents.  If they do not comply, the matter will be referred to the European Court of Justice

Jimbo's post, a copy & paste, says ............. The European Commission requests Spain to change its inheritance and gift tax
provisions for non-residents or assets held abroad ... If there is no satisfactory reaction to the reasoned opinion within two months, the Commission may decide to refer the case to the Court of Justice of the European Union.

You said This is the news hot off the press from Brussels yet the copy & paste has a date of April 2010. It's June 21st now.

I suggest there's much wishing & hoping going on. If you have had any input in any change which will benefit me I would like to say thank you.

** EDITED - Personal remarks **

Thank you EOS for editing that remark. There really was no cause, Norm, to be rude towards me, especially as I said

 If you have had any input in any change which will benefit me I would like to say thank you.

I am removing myself from this thread.

Sense of humour failure?