MALAGA GAZETTE

Tuesday, May 08, 2012

Expats in Spain 'owed £400 million in overpaid inheritance tax'


Tuesday, May 08, 2012 |

Luis Cuervo, CEO at Spanish Legal Reclaims, said: “They may have believed they were fortunate to inherit a property in Spain, but in the process they have been scammed out of a lot of money.” The group is confident the verdict will go their way, given that the EU doesn’t bring cases to the ECJ unless it believes they are legally sound. British expat Peter Jackson, 62, inherited a Spanish property from his mother and paid more than €10,000 (£8,000) in IHT. He said: “When we inherited the property in Moraira and paid the inheritance tax we knew no different, and so simply just paid it as we were told to. When we found that we had probably been overcharged by quite a large amount, we thought we had nothing to lose by trying to reclaim it. "It seems people that do not live in Spain haven’t been treated equally in this matter, and something has gone a bit awry.”


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