Euro court ruling in landmark CGT case

A Capital Gains Tax (CGT) trap contravened European Community Treaty rules and led the Spanish government to illegally overcharge thousands of Britons by 133%, the European Court of Justice (ECJ) ruled. The average tax reclaim size is £13,370 for those who paid the full 35% tax, but as many as 90,000 Brits could be affected and entitled to claw back as much as £283m. The latest ECJ decision extends the reclaim period by additional eight years so anyone who sold a property in Spain between 1997 and 2006 can now file a claim if they believe they have affected by unlawful CGT charges. ...