A. Dear Mr. Hart,
It strikes me that a legal professional is doing what you are mentioning. However, it is not first time I come accross such a complaint from foreign investors in Spain, who have sold a property, the proceeds of which are being uncomprehensibly retained.
The only possible explanation is that if you are subject to a retention of 5% of the purchase due to you having the consideration of non-resident for tax purposes, and the gain made is no more than that amount plus the other costs, there is no profit. However, as this possible situation must have already been assesed by you, I would have
to rule it out.
The normal procedure would be for the firm to deduct a lump sum in concept of a provision of funds for expenses, and their legal fees, and forward you the rest of the funds, with inmediate effect.
If in your next attempt to recover your funds you are unsuccesful, let us know.
Yours sincerely
