While most Spanish residents pay very little in the way of inheritance tax in Spain, more than 40,000 Britons have been overcharged and now a claim is being lodged with the European Court of Justice (ECJ) to get it back!
The claim is over Spanish inheritance tax for properties or assets inherited in Spain and is thought to be in the region of 490 million euros.
The European Commission has taken Spain to the ECJ over the country’s policy of taxing non-residents up to 34% inheritance tax, well above the average for Spanish residents.
Lawyers are preparing action to represent those affected although a ruling from the ECJ may take some time. Those affected claim to have been overcharged by around 12,000 euros each.
As many as 60,000 people are thought to have been affected by the charges over the last eight years. However, due to Spanish legal limits up to 20,000 of those affected are unable to claim. A Spanish law means any claim has to be made within four years of the tax payment date meaning thousands of people will be unlikely to see their money.
Original article: Costa-News