<?xml version="1.0" encoding="UTF-8"?><rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	>
<channel>
	<title>Comments for Spain Property Insight</title>
	<atom:link href="http://spainpropertyinsight.com/comments/feed" rel="self" type="application/rss+xml" />
	<link>http://spainpropertyinsight.com</link>
	<description>Looking for property in Spain? You've come to the right place!</description>
	<pubDate>Sat, 04 Sep 2010 05:32:58 +0000</pubDate>
	<generator>http://wordpress.org/?v=2.7</generator>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
		<item>
		<title>Comment on How can I minimise the impact of Capital Gains Tax? by fengirl2</title>
		<link>http://spainpropertyinsight.com/property-for-sale-spain/how-can-i-minimise-the-impact-of-capital-gains-tax/comment-page-1#comment-991</link>
		<dc:creator>fengirl2</dc:creator>
		<pubDate>Sun, 22 Aug 2010 11:02:59 +0000</pubDate>
		<guid isPermaLink="false">http://spainpropertyinsight.com/property-for-sale-spain/how-can-i-minimise-the-impact-of-capital-gains-tax#comment-991</guid>
		<description>Your age has no bearing on CGT liability and taper relief has been abolished.
If you are indeed not resident in the UK, you will not be liable to CGT on the sale of your UK property.&lt;br&gt;&lt;b&gt;References : &lt;/b&gt;&lt;br&gt;ex Inspector of taxes</description>
		<content:encoded><![CDATA[<p>Your age has no bearing on CGT liability and taper relief has been abolished.<br />
If you are indeed not resident in the UK, you will not be liable to CGT on the sale of your UK property.<br /><b>References : </b><br />ex Inspector of taxes</p>
]]></content:encoded>
	</item>
	<item>
		<title>Comment on How can I minimise the impact of Capital Gains Tax? by Nick</title>
		<link>http://spainpropertyinsight.com/property-for-sale-spain/how-can-i-minimise-the-impact-of-capital-gains-tax/comment-page-1#comment-990</link>
		<dc:creator>Nick</dc:creator>
		<pubDate>Sun, 22 Aug 2010 10:53:59 +0000</pubDate>
		<guid isPermaLink="false">http://spainpropertyinsight.com/property-for-sale-spain/how-can-i-minimise-the-impact-of-capital-gains-tax#comment-990</guid>
		<description>In your shoes I'd be disinclined to rely on anything posted here.

With your residency issue, and particular requirement, it might be worth getting independent financial advice.

I've pasted links below to the CGT guide and how to find an IFA.

This is the sort of info you will find:-

To work out your Capital Gains Tax you'll need to look separately at each asset disposed of that's liable to Capital Gains Tax and in straightforward cases:
Take the disposal proceeds (usually the amount received) and deduct your costs and tax reliefs to work out each gain or loss.
Add together all of your gains for that tax year.
Add together all of the losses you've made for that tax year.
Deduct any allowable losses you've made that year from the gains to work out the overall gain or loss.
If the overall gain is below the annual tax-free allowance (known as the ‘Annual Exempt Amount’), there's no Capital Gains Tax to pay. The Annual Exempt Amount for individuals is £10,100 for 2009-10 and 2010-11.
If the overall gain is above the Annual Exempt Amount, you may be able to deduct unused losses from earlier years.
If the overall gain is still above the Annual Exempt Amount, you deduct the Annual Exempt Amount and work out the tax on the balance. The rate of tax is 18 per cent for 2009-10. Follow the 'Capital Gains Tax rates' link below to find the rates of tax for other years&lt;br&gt;&lt;b&gt;References : &lt;/b&gt;&lt;br&gt;http://www.hmrc.gov.uk/cgt/index.htm

http://www.unbiased.co.uk/</description>
		<content:encoded><![CDATA[<p>In your shoes I&#8217;d be disinclined to rely on anything posted here.</p>
<p>With your residency issue, and particular requirement, it might be worth getting independent financial advice.</p>
<p>I&#8217;ve pasted links below to the CGT guide and how to find an IFA.</p>
<p>This is the sort of info you will find:-</p>
<p>To work out your Capital Gains Tax you&#8217;ll need to look separately at each asset disposed of that&#8217;s liable to Capital Gains Tax and in straightforward cases:<br />
Take the disposal proceeds (usually the amount received) and deduct your costs and tax reliefs to work out each gain or loss.<br />
Add together all of your gains for that tax year.<br />
Add together all of the losses you&#8217;ve made for that tax year.<br />
Deduct any allowable losses you&#8217;ve made that year from the gains to work out the overall gain or loss.<br />
If the overall gain is below the annual tax-free allowance (known as the ‘Annual Exempt Amount’), there&#8217;s no Capital Gains Tax to pay. The Annual Exempt Amount for individuals is £10,100 for 2009-10 and 2010-11.<br />
If the overall gain is above the Annual Exempt Amount, you may be able to deduct unused losses from earlier years.<br />
If the overall gain is still above the Annual Exempt Amount, you deduct the Annual Exempt Amount and work out the tax on the balance. The rate of tax is 18 per cent for 2009-10. Follow the &#8216;Capital Gains Tax rates&#8217; link below to find the rates of tax for other years<br /><b>References : </b><br /><a href="http://www.hmrc.gov.uk/cgt/index.htm" rel="nofollow">http://www.hmrc.gov.uk/cgt/index.htm</a></p>
<p><a href="http://www.unbiased.co.uk/" rel="nofollow">http://www.unbiased.co.uk/</a></p>
]]></content:encoded>
	</item>
	<item>
		<title>Comment on How can I minimise the impact of Capital Gains Tax? by Monica Milhob's</title>
		<link>http://spainpropertyinsight.com/property-for-sale-spain/how-can-i-minimise-the-impact-of-capital-gains-tax/comment-page-1#comment-989</link>
		<dc:creator>Monica Milhob's</dc:creator>
		<pubDate>Sun, 22 Aug 2010 10:33:59 +0000</pubDate>
		<guid isPermaLink="false">http://spainpropertyinsight.com/property-for-sale-spain/how-can-i-minimise-the-impact-of-capital-gains-tax#comment-989</guid>
		<description>get more details ;open the second &#38; fourth link in:  www.cut-my-tax.co.cc&lt;br&gt;&lt;b&gt;References : &lt;/b&gt;&lt;br&gt;</description>
		<content:encoded><![CDATA[<p>get more details ;open the second &amp; fourth link in:  <a href="http://www.cut-my-tax.co.cc" rel="nofollow">http://www.cut-my-tax.co.cc</a><br /><b>References : </b></p>
]]></content:encoded>
	</item>
	<item>
		<title>Comment on How can I minimise the impact of Capital Gains Tax? by Politically Correct</title>
		<link>http://spainpropertyinsight.com/property-for-sale-spain/how-can-i-minimise-the-impact-of-capital-gains-tax/comment-page-1#comment-988</link>
		<dc:creator>Politically Correct</dc:creator>
		<pubDate>Sun, 22 Aug 2010 10:15:59 +0000</pubDate>
		<guid isPermaLink="false">http://spainpropertyinsight.com/property-for-sale-spain/how-can-i-minimise-the-impact-of-capital-gains-tax#comment-988</guid>
		<description>As a Spanish resident, you will be liable for Spanish not British capital gains tax.  You would only be liable for British tax if you regularly bought and sold British real estate.  

In other words, if you made a business out of buying and selling British property, you would be deemed to be running a UK based business and then the sales would be treated like the rent but as it is a single disposal, you are exempt as a non resident.&lt;br&gt;&lt;b&gt;References : &lt;/b&gt;&lt;br&gt;</description>
		<content:encoded><![CDATA[<p>As a Spanish resident, you will be liable for Spanish not British capital gains tax.  You would only be liable for British tax if you regularly bought and sold British real estate.  </p>
<p>In other words, if you made a business out of buying and selling British property, you would be deemed to be running a UK based business and then the sales would be treated like the rent but as it is a single disposal, you are exempt as a non resident.<br /><b>References : </b></p>
]]></content:encoded>
	</item>
	<item>
		<title>Comment on Does anyone know what is going on with Polaris Properties in Murcia Spain? by rose1</title>
		<link>http://spainpropertyinsight.com/properties-spain/does-anyone-know-what-is-going-on-with-polaris-properties-in-murcia-spain/comment-page-1#comment-985</link>
		<dc:creator>rose1</dc:creator>
		<pubDate>Thu, 12 Aug 2010 13:16:59 +0000</pubDate>
		<guid isPermaLink="false">http://spainpropertyinsight.com/properties-spain/does-anyone-know-what-is-going-on-with-polaris-properties-in-murcia-spain#comment-985</guid>
		<description>There is NO evidence on the web, in the local news, or Spanish national news that there is anything &#34;officially&#34; wrong with Polaris World and their partners. So my answer is as far as &#34;official&#34; evidence there is NONE. P.W may be slow on the build but they are still in the game as far as I can tell. Whoever wrote the link above, it's ad forget it!  

As a former estate agent (never sold at P.W, as my clients were not interested in living out in the middle of nowhere) 
I can only say that if you have bought a property from them either in &#34;La Isla de Condado Alhama&#34; or anywhere else and are worried about your contract with P.W or that you don't feel they are fulfilling it, or that there is little progress with them, you need to get advice from your lawyer in Spain (if you have one, and I hope you do)  Most contracts for off plan properties have a finish date obviously, but also should have a clause which gives the builder a little leeway of around 3-6 months over that date in case he has problems with weather, supplies etc. So say if your property was due to be finished in June you may have a contract that also says it can go over 3 months till Sept. If they have gone over this time, you possibly have right to compensation, so consult a legal professional here in Spain.
Property here is at an all time slow but if P.W had gone under,or there was even a sniff of this happening there would be more evidence out there, and I can't find any. I speak fluent Spanish, watch Spanish t.v as well as Brit news and I have not found any evidence of what you say.

However Parador Properties HAVE gone into vol. liquidation as you can see from this link:

http://www.calis-beach.co.uk/forum/topic.asp?TOPIC_ID=22929


This llink may be of particular interest to you:
http://www.eyeonspain.com/forums/posts-long-2900.aspx

Good luck any. If anyone can give any real evidence to this questioner that P.W have gone into vol. liquidation, then I apologise for my mistake, but to date I can't find any evidence.&lt;br&gt;&lt;b&gt;References : &lt;/b&gt;&lt;br&gt;17 years in Spain, many as an estate agent</description>
		<content:encoded><![CDATA[<p>There is NO evidence on the web, in the local news, or Spanish national news that there is anything &quot;officially&quot; wrong with Polaris World and their partners. So my answer is as far as &quot;official&quot; evidence there is NONE. P.W may be slow on the build but they are still in the game as far as I can tell. Whoever wrote the link above, it&#8217;s ad forget it!  </p>
<p>As a former estate agent (never sold at P.W, as my clients were not interested in living out in the middle of nowhere)<br />
I can only say that if you have bought a property from them either in &quot;La Isla de Condado Alhama&quot; or anywhere else and are worried about your contract with P.W or that you don&#8217;t feel they are fulfilling it, or that there is little progress with them, you need to get advice from your lawyer in Spain (if you have one, and I hope you do)  Most contracts for off plan properties have a finish date obviously, but also should have a clause which gives the builder a little leeway of around 3-6 months over that date in case he has problems with weather, supplies etc. So say if your property was due to be finished in June you may have a contract that also says it can go over 3 months till Sept. If they have gone over this time, you possibly have right to compensation, so consult a legal professional here in Spain.<br />
Property here is at an all time slow but if P.W had gone under,or there was even a sniff of this happening there would be more evidence out there, and I can&#8217;t find any. I speak fluent Spanish, watch Spanish t.v as well as Brit news and I have not found any evidence of what you say.</p>
<p>However Parador Properties HAVE gone into vol. liquidation as you can see from this link:</p>
<p><a href="http://www.calis-beach.co.uk/forum/topic.asp?TOPIC_ID=22929" rel="nofollow">http://www.calis-beach.co.uk/forum/topic.asp?TOPIC_ID=22929</a></p>
<p>This llink may be of particular interest to you:<br />
<a href="http://www.eyeonspain.com/forums/posts-long-2900.aspx" rel="nofollow">http://www.eyeonspain.com/forums/posts-long-2900.aspx</a></p>
<p>Good luck any. If anyone can give any real evidence to this questioner that P.W have gone into vol. liquidation, then I apologise for my mistake, but to date I can&#8217;t find any evidence.<br /><b>References : </b><br />17 years in Spain, many as an estate agent</p>
]]></content:encoded>
	</item>
	<item>
		<title>Comment on Does anyone know what is going on with Polaris Properties in Murcia Spain? by David B</title>
		<link>http://spainpropertyinsight.com/properties-spain/does-anyone-know-what-is-going-on-with-polaris-properties-in-murcia-spain/comment-page-1#comment-984</link>
		<dc:creator>David B</dc:creator>
		<pubDate>Thu, 12 Aug 2010 12:41:59 +0000</pubDate>
		<guid isPermaLink="false">http://spainpropertyinsight.com/properties-spain/does-anyone-know-what-is-going-on-with-polaris-properties-in-murcia-spain#comment-984</guid>
		<description>Yes, they went into &#34;voluntary administration&#34; a couple of months ago. One of the biggest players in Spanish tourism/real estate, and it's said to have a domino effect.&lt;br&gt;&lt;b&gt;References : &lt;/b&gt;&lt;br&gt;I live in Spain, but you might want to check out 
http://www.polarisworlduncovered.co.uk/</description>
		<content:encoded><![CDATA[<p>Yes, they went into &quot;voluntary administration&quot; a couple of months ago. One of the biggest players in Spanish tourism/real estate, and it&#8217;s said to have a domino effect.<br /><b>References : </b><br />I live in Spain, but you might want to check out<br />
<a href="http://www.polarisworlduncovered.co.uk/" rel="nofollow">http://www.polarisworlduncovered.co.uk/</a></p>
]]></content:encoded>
	</item>
	<item>
		<title>Comment on How can I find out if my family has property in another country? by Cheryl G</title>
		<link>http://spainpropertyinsight.com/property-in-spain/how-can-i-find-out-if-my-family-has-property-in-another-country/comment-page-1#comment-981</link>
		<dc:creator>Cheryl G</dc:creator>
		<pubDate>Sun, 18 Jul 2010 17:48:59 +0000</pubDate>
		<guid isPermaLink="false">http://spainpropertyinsight.com/property-in-spain/how-can-i-find-out-if-my-family-has-property-in-another-country#comment-981</guid>
		<description>If you can find out what town the property might be located in, you can contact the local authorities and ask them to search the property records for you. There will be a charge. A solicitor may help for a modest fee. Write a letter to the equivalent of the town's mayor and be sure the letter is in Spanish, is very polite and explain the connection between the town and your grandfather. Give your address and telephone number so that you may receive a reply.&lt;br&gt;&lt;b&gt;References : &lt;/b&gt;&lt;br&gt;</description>
		<content:encoded><![CDATA[<p>If you can find out what town the property might be located in, you can contact the local authorities and ask them to search the property records for you. There will be a charge. A solicitor may help for a modest fee. Write a letter to the equivalent of the town&#8217;s mayor and be sure the letter is in Spanish, is very polite and explain the connection between the town and your grandfather. Give your address and telephone number so that you may receive a reply.<br /><b>References : </b></p>
]]></content:encoded>
	</item>
	<item>
		<title>Comment on How can I find out if my family has property in another country? by glenn</title>
		<link>http://spainpropertyinsight.com/property-in-spain/how-can-i-find-out-if-my-family-has-property-in-another-country/comment-page-1#comment-980</link>
		<dc:creator>glenn</dc:creator>
		<pubDate>Sun, 18 Jul 2010 17:27:59 +0000</pubDate>
		<guid isPermaLink="false">http://spainpropertyinsight.com/property-in-spain/how-can-i-find-out-if-my-family-has-property-in-another-country#comment-980</guid>
		<description>You would need to know where in Spain.  

The government probably took it for non payment of taxes.  But if you seriously want to check this out you better go to that part of Spain and visit the area in person.&lt;br&gt;&lt;b&gt;References : &lt;/b&gt;&lt;br&gt;</description>
		<content:encoded><![CDATA[<p>You would need to know where in Spain.  </p>
<p>The government probably took it for non payment of taxes.  But if you seriously want to check this out you better go to that part of Spain and visit the area in person.<br /><b>References : </b></p>
]]></content:encoded>
	</item>
	<item>
		<title>Comment on How can I find out if my family has property in another country? by Duck</title>
		<link>http://spainpropertyinsight.com/property-in-spain/how-can-i-find-out-if-my-family-has-property-in-another-country/comment-page-1#comment-979</link>
		<dc:creator>Duck</dc:creator>
		<pubDate>Sun, 18 Jul 2010 16:48:59 +0000</pubDate>
		<guid isPermaLink="false">http://spainpropertyinsight.com/property-in-spain/how-can-i-find-out-if-my-family-has-property-in-another-country#comment-979</guid>
		<description>The only way you can find out is by asking them.  If he died with property in Spain, his spouse or child will have inherited the property although they may have been forced to then sell to pay the taxes.&lt;br&gt;&lt;b&gt;References : &lt;/b&gt;&lt;br&gt;</description>
		<content:encoded><![CDATA[<p>The only way you can find out is by asking them.  If he died with property in Spain, his spouse or child will have inherited the property although they may have been forced to then sell to pay the taxes.<br /><b>References : </b></p>
]]></content:encoded>
	</item>
	<item>
		<title>Comment on How can buy Bank repossessions Property in spain ? by Tumbit</title>
		<link>http://spainpropertyinsight.com/spain-property/how-can-buy-bank-repossessions-property-in-spain/comment-page-1#comment-976</link>
		<dc:creator>Tumbit</dc:creator>
		<pubDate>Thu, 24 Jun 2010 11:50:59 +0000</pubDate>
		<guid isPermaLink="false">http://spainpropertyinsight.com/spain-property/how-can-buy-bank-repossessions-property-in-spain#comment-976</guid>
		<description>Further to your point, if you speak directly to a local bank in the area that you have chosen and asked to see their portfolio of properties, they can often come to a very attractive agreement on any mortgage that may be required. A number of Banks are also offering pretty good rent-to-buy deals in order to liquidate their portfolio. http://www.tumbit.com/how-to-guides/property-and-accomodation.html&lt;br&gt;&lt;b&gt;References : &lt;/b&gt;&lt;br&gt;</description>
		<content:encoded><![CDATA[<p>Further to your point, if you speak directly to a local bank in the area that you have chosen and asked to see their portfolio of properties, they can often come to a very attractive agreement on any mortgage that may be required. A number of Banks are also offering pretty good rent-to-buy deals in order to liquidate their portfolio. <a href="http://www.tumbit.com/how-to-guides/property-and-accomodation.html" rel="nofollow">http://www.tumbit.com/how-to-guides/property-and-accomodation.html</a><br /><b>References : </b></p>
]]></content:encoded>
	</item>
</channel>
</rss>
