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Old 12-09-2006, 11:38 AM
marc marc is offline
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Join Date: Aug 2006
Posts: 29
Default Spain house sell and return to UK..

Hi all,

I was wondering if anyone has had any experience selling up a house in Spain to return to the UK. Specifically, I was wondering about the 15% Plus valia tax which one has to pay on any profit made on a house sell.
Some unscrupulous acquaintances tell me that none around here ever declares the real selling price of a property to avoid paying much of this tax, but I ask what would these people do with say 50000 Euros in cash (so called black money) if they were returning to the Uk, could they deposit it in a UK bank no questions asked?, or what
Any possible solutions as to how these criminals may operate would be appreciated.

Thanks.
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