MSE News: Brits set for £283m Spanish property compensation 17 November 2009 at 9:57PM in House buying, renting & selling 4 replies 1.4K views

Former_MSE_Guy

This is the discussion thread for the following MSE News Story:

"Britons who sold a property in Spain between 1997 and 2006 could be elgible for thousands of pounds of compensation, it is claimed ..."

Read the full story:
Brits set for £283m Spanish property compensation

kippen_noedel

Does anyone know if this also applies to the Canaries ??

Running_Horse

Or Bulgaria?

Milliewilly

Unfortunately programmes like 'A place in the Sun' a few years ago have lulled vunerable people into thinking they can make fortunes in buying off plan and in the 'Eastern Bloc' Amanda Lamb (Scottish Widows woman) was the worst for saying how the Eastern Block was the next best destination, cheap flights planned etc etc values are going to rocket. Apartments for £15K etc.

People have lost everything they own. I do feel genuinely sorry for the ones who have dreamt of a happy retirement to have seen their money vanish or be left with a dusty building plot or been victims of land grab in Spain.

Unless you are fluent in the lingo and the Law - don't bother is my advice, can't trust anyone.

Ian_W

kippen_noedel wrote: »

Does anyone know if this also applies to the Canaries ??

Almost certainly - YES. The CGT was paid to the Spanish, not Regional, Govt at the same rates as the rest of Spain.

Or Bulgaria?

What? You made a gain?