Selling Property in Spain
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Can anyone advise please. Selling property, CGT is 19% and I know 3% is withheld immediately on sale. How likely is the remaining 16% to be chased once back in the UK? Any experience or recommendation? My solicitor in spain recommend the hold to pay the taxes, but not sure this is necessary? Advice greatly recevied?
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If you are on a gated community and you have outstanding debt ..the president will take you to court for the recovery of monies owed...once they win the case they will engage a debt collection company in your home country for the outstanding amount plus fee's...I am sure the Spanish Taxman is quite capable of doing the same.
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