We sold a property last year for 80,000 euros. Our solicitor deducted 5% ie 4000 euros for the deposit to the tax authorities for capital gains. Our original purchase price was 69,116 euros according to the copia simple. QUESTION .(1)..Will we at some stage receive some sort of paperwork from the authorities with a calculation of the real tax due, and if it is less than the 5% deposited how do we receive the difference? (2)_It is approaching a year now since the sale - how long does it usually take?
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Non resident 5% retention on property sale
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