07 Dec 2014 10:00 PM:
Does anyone on here have any experience on the following please. I have had conflicting from two accountants.
I purchased a property in 2007 for 100.000€ Just under 4 years later I had notification that the spanish land registry dissagreed with the value, stating it was worth 154.000 €. I paid the extra tax along with a fine which amounted to 4832.00€ ( was informed no point in fighting it, no one wins)
I am in the process of selling the property for 158.000€. Question is.....is the original price based on the 100.000€ or the 154.000€? One accountant told me it's the 100k and another said he is wrong, as I have a legal document stating value was 154.000k that this is the original value for Capital gains tax.
If anyone can share an experience of this, much appreciated. I am non resident by the way.
Thread:
Capital gains tax
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