Man wins case over unfair capital gains tax on home that lost value

Ruling in Fuengirola case is the first of its kind in Málaga province

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Some sellers find themsleves taxed on captial gains despite losing money on the sale of a property

A man who was charged €5,000 in ‘plusvalía’ capital gains tax on the sale of a home in Fuengirola, despite having sold it for much less than he had bought it for, has won a court case to have the tax annulled.

It is the first known ruling of its kind in Málaga province.

Read more in this week’s print edition or go to e-paper

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