It seems that thousands of Spanish Property investors could be entitled to a refund of their Spanish Capital Gains tax. If any of you sold a Spanish property between January 1^st 1997 and December 31^st 2006, read on to see how you can get your money back.

How is this possible? A ruling by the European Court of Justice (ECJ) confirmed that non-Spanish residents were unfairly charged 35% in Capital Gains Tax compared to 15% charged to local Spanish residents. As a result it is now possible to submit a claim to get the 20% difference back from the Spanish Tax authorities.

It was reported in a United Kingdom based newspaper, the Daily Mail, that “experts estimate the homeowners who sold since 1997 could be due an average £13,500 tax refund.” As a result, former Spain property owners could be entitled to a windfall by claiming back the tax they paid on their profits when they sold their property. These non-resident taxpayers are also entitled to claim a refund for missing interest at a rate of 6% from the date the reclaim is presented, making it possible for the total reclaim to be even higher.

Commenting on the subject, Eduardo Fernandez Martinez, expert in the Spanish Property Tax sector had this to say, “This is breaking news for the non-resident taxpayer. The Spanish Tax Authorities have been inundated with claims since the ruling of the ECJ. The result that it was both discriminatory and unfair to charge a higher tax percentage is both deserved and overdue. Non-residents will now get what is indebted to them for investing in Spain for years.”

The most exciting thing about this new development is that there are some avenues available that allow you to submit a claim with no upfront cost; based on a “No Win – No Fee” basis. It is exactly this type of avenue that Eye On Worldwide has sought out for our readers. To submit a claim simply email your name and contact details to support@eyeonworldwide.com and we will have the most successful International & Spanish Tax Specialist Advisor on Capital Gains Tax Reclaims contact you for no-obligation advice.

How do I know if I qualify?

The qualification process is simple.

• You sold your Spanish property between January 1^st 1997 and December 31^st 2006.
• When you sold your property you were not a Spanish Resident
• You have a copy of the purchase and sale deeds of your property (The Law & Tax specialist can help you acquire these if you do not have them)
• You have the Spanish Tax form Modelo 211 and / or Modelo 212 (again, the Law & Tax specialist can help you acquire these if you do not have them)

How do I claim?

• Simply email your name and contact details to support@eyeonworldwide.com and a specialist advisor will contact you for no obligation advice.

You can find the download link to the Bulgaria Property Buyer’s Guide report below… lots of really good info in this one!

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Click Here to Download the Report
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As you know I have listed a number of sites to advertise properties for holiday lettings. I personally plan to use all of these for our property. My particular favourite is the free 3 months of advertising on holiday lettings if you book for a year. That’s 15 months advertising for the price of 12 months. All you need to do is quote the promotional code 45755 when registering with www.holidaylettings.co.uk

Another way to advertise for holiday rentals is to have a dedicated website for your property. I personally believe having your own website is an essential marketing tool and, if done right, it can look very professional and will help you to get extra holiday bookings.

What are the advantages of having your own website?

Who to use?

There are many website builders available on the internet, some specifically designed for overseas property owners. Of course you can build your website from scratch but if you’re not technical, which I’m not, then it may well be better to use a website that has templates you can choose from. Alternatively you can get a website specifically designed but this can be costly, certainly out of my budget!

I have spent some time surfing the net to find the best service providers. I have been most impressed with a website builder specifically designed for holiday home owners called Holiday Site Builder www.holidaysitebuilder.co.uk The templates (styles) that they have to choose from are superb and the site is very user friendly with video tutorials. Holiday Site Builder has everything that I personally want for my website including the following pages: Home, Property, Gallery, Local Info, Prices and Availability, Directions, Guestbook, Contact Us, and Booking.

The price is normally £149 per year but Holiday Site Builder is offering Eye on Worldwide property owners a £20 discount reducing the price to £129 for the first year. All you need to do is quote EOW when registering. For this price you will get: your own domain name, your own email address, choice of template designs, booking calendar, web statistics, search engine submission, up to 200 images, option to add up to 5 x 360 degree panorama of your property and option to add a video.

Visit their website www.holidaysitebuilder.co.uk to view template designs and remember to quote EOW when registering to qualify for your £20 discount.

Jon has authored various books on Bulgarian real estate (including Buying a Property in Bulgaria: How to Buy an Investment Property, Holiday Retreat, or Home for Retirement in This Delightful and Fast Developing Country). His vast knowledge and first-hand experience in Bulgarian real estate provides for an extremely insightful wealth of information in this interview.

Listen to the preview below to find out why you should NOT buy property in Sunny Beach!

Interview length: 58 minutes

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It would seem a strange time to invest in the UK housing market at the moment however that is exactly what some people are doing. Indeed some investors are advising that now is actually the best time to invest in the UK market.

But how can this be when the UK is in a recession?

There are many factors that have encouraged investors to continue to purchase off plan in the UK. These include:

Falling Interest Rates. The Bank of England Base Rate has dropped to 0.5% which has resulted in some very competitive mortgage interest rates available to investors.

Supply and Demand. Figures currently show that there are not enough new homes being built for the annual demand that the government has stated.

Developer Incentives. Many developers are offering incentives to investors at the moment including Below Market Value prices.

New Investment Vehicles. A property deposit guarantee is now available on selected off plan developments. This in affect means that investors can buy the guarantee at a fraction of the cost of the deposit, enabling investors to postpone payment of the deposit until completion of their property.

So where is best to invest?

No one can ever be 100% certain on where the best place to invest is and whether property prices will rise or fall; however, a lot of people are suggesting that London will be a key growth area again. In particular the areas in and around the Olympic Village have been highlighted for good returns on investment. When choosing your UK off plan investment there are certain factors to look out for, as is the case in any country. For example, is there good infrastructure in the area, is there improving infrastructure planned and what facilities are nearby or onsite.

Current Investment Opportunities:

Off Plan Development in Hayes, Middlesex
Below Market Value Prices Negotiable.
Directly adjacent to Hayes and Harlington Station which will be on the new Crossrail line, scheduled to open for service in 2017, and will be offering 10 trains an hour from the station allowing passengers to get to Bond Street in 26 minutes, Liverpool Street in 31 minutes and Canary Wharf in 38 minutes.
Facilities and amenities of the development will include:  landscaped grounds, valet parking, 24 hour concierge and security, gym, pool, dance studios, spa, treatment rooms, 4 star boutique hotel, restaurants, bar, gallery, express supermarket and a coffee shop.

Off Plan Development in Canary Wharf, London
In the heart of the Canary Wharf complex, and designed by world renowned architects Skidmore, Owings and Merrill, this development will feature a striking 43 storey tower and will have fantastic views over the docks, River Thames, Canary Wharf and the City. There is superb infrastructure in the vicinity with the Crossharbour light railway station adjacent to the development and riverboat connections form Canary Wharf pier nearby. Canary Wharf has over 200 bars, shops and restaurants as well as being a thriving business district.

Off Plan Development in Canada Water, London
This riverside development has a multimillion pound investment program in the immediate vicinity. It is adjacent to Canada Water Jubilee Station and the Surrey Quays shopping centre. The development will be an urban retreat as it is surrounded by the Southwark Park boating lake and gardens, ecological Russia Dock Woodlands and the 5.2 acre State Hill nature reserve.

Why are these good investment opportunities?

As well as the already mentioned investment highlights of the developments, such as location and infrastructure, these developments are all available to purchase using a financial guarantee service. This service is a secure promise which will allow you to exchange contracts on an off plan investment property. All you pay until completion is an application fee and the guarantee fee. You will then not need to pay your deposit until completion.
This is not something that will appeal to all investors however it is ideal for others. For an example of the costs involved please see below:

1 bedroom apartment with Balcony in Hayes Middlesex

Level 2        473 square foot        Property Value £203,000
Guarantee fee based on a 20% deposit over 24 months will be £3,857 *

And for the luxury end of the market…..

3 Bedroom Dockside Penthouse with terrace in Canary Wharf

Level 13    1315 square foot    Property Value £1,450,000
Guarantee fee based on a 20% deposit over 24 months would be £27,550 *

* The above are examples only. For definitive prices and further information please email ro@blueskyinvest.eu
The Guarantee Fee is also available for some other UK developments and some overseas developments. Please email ro@blueskyinvest.eu to find out more.

Share and Enjoy:

]]> http://www.eyeonworldwide.com/uk-off-plan-investment/feed/ 3 http://www.eyeonworldwide.com/property-deal-exclusive-to-eow/ http://www.eyeonworldwide.com/property-deal-exclusive-to-eow/#comments Sat, 20 Jun 2009 13:23:45 +0000 EOW Team http://www.eyeonworldwide.com/?p=203 The latest development I have secured is hot of the press….!

3 bed apartments OPPOSITE a major university in the North West

Over £200 a month positive cashflow!

Huge discounts!

Invest from around £5250!

We have just 20 of these at this huge discount!

Insiders Club members may contact us directly, using the info below:
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info@property-investment-deals.com or call 0115 9474155
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I hope are continuing to have success picking up some bargain properties!

One of the big things over the last 6 months we have seen is many investors and companies that were buying overseas are back buying in the UK. This is for 2 main reasons.

1. Lack of finance overseas – yes while we think getting finance in the UK is tough – for UK investors, it is now far harder to get finance Overseas and relatively easier in the UK. The reason for this is, just as with UK banks, foreign banks are happy still lending to the local market, but anyone slightly outside the norm eg a foreign national they are less likely to lend as for them this carries unnecessary risks. We are still getting finance in some countries eg Czech Republic 85% lTV, but with things changing so quickly it is prudent to always get finance organised first before committing to an investment.

1. The affordability of UK property and the strong rental returns available. With prices dropping an average of around 15% across the UK from their peaks in 2007, and with experienced investors or sourcing companies getting further discounts of between 15-30%, then there really hasn’t been a better time to buy in the UK in the last 5 years. The drop in prices, and the rents staying fairly level, has seen rental yields (your return on investment) increase by 1-2%. We have also seen a large increase in ex-pat investors, who now number around 25% of our investors, who are attracted by the UK market, and often if are getting paid in another currency can further gain on the exchange rates.

While we have sourced properties overseas, we have always had a strong presence in the UK, sourcing investment properties – always concentrating on cashflow – for over 5 years – in fact we have sourced over 1000 UK properties!

Due to concentrating on cashflow, while many companies were promoting expensive new build that only yielded 3-4%, our investors have done very well over the years, and even where one or two values have dropped back, the strong cashflows have meant they and ourselves have continued to do well.

We are different to some newly formed sourcing companies in the fact that we have full time teams on the ground across the UK, who are all local experts. Many of them have been sourcing for my company and our investors for 3-5 yearsand they know exactly what we want!

For example I have Richard in Scotland – owner of over 40 properties himself who has sourced over 100 properties for us over 5 years, and then takes care of the ongoing management for investors.

I have Dan in South Wales who owns over 60 properties, and has a very strong team locally and who currently sources around 2-3 properties a week for us.

I work directly with a small developer in the North West and we have managed to do some outstanding deals.

I have a team that has been securing non status finance opportunities- and we have exchanged or completed on over 80 of these deals over the last 6 months.

Every week we also have at least 5-8 houses secured by our local teams so we are in direct control of the deals, not through 5 different middle men which you seem to see more often these days, and as mentioned we can take care of everything from low money down finance through to ongoing management! We pride ourselves on working with investors for the long term to build up strong portfolios to suit their strategies.

For a free One to One consultation with one of our Portfolio Development Managers, call us on 0115 9474155, or email us at info@property-investment-deals.com.

Join over 10,000 investors who receive our free email alerts and have benefited from my team’s strong experience of sourcing excellent deals in the UK!

Best Regards

Alan Forsyth

Interview length: 58 minutes

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Interview length: 56 minutes

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