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Bankia share trading suspended
Share trading in Spain’s Bankia has been suspended over fears that it may be about to ask the government for a €15 billion bailout. The news follows a recent “bailout” which saw the Spanish government put €4.5 billion in to the bank which was then converted to shares making the state a major shareholder, essentially [...]
Best of British in Spain
EXPATS are being invited to take part in an event showcasing the best of British on the Costa del Sol. British National Day is an opportunity for businesses, charities and those with special interests to promote what they do, at La Trocha Shopping Centre on July 28. The day will feature over 25 stalls with [...]
Welcome reduction in Capital Gains Tax
The Spanish government have announced a very welcome reduction in capital gains tax (Plusvalia) on second homes or investment properties purchased between May 11th and Dec 31st 2012. The reduction will be applied when the property is sold. The announcement was made by Ana Pastor, head of Public Works, which includes the housing department, and could [...]
