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Author Topic: Declare your assets, or risk a hefty penalty  (Read 4276 times)

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Offline Dolly Diver

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The British Embassy has updated its guidance on taxation for Britons who are resident in Spain, following the recent Royal Decree that reinforces an existing obligation on all residents in Spain both Spanish and foreign nationalities alike - to file an annual informative declaration of assets held overseas. The Decree allows for tougher penalties for non-compliance.

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Re: Declare your assets, or risk a hefty penalty
« Reply #1 on: April 15, 2013 »
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  • Wealth tax to pay for EU bail-outs

    Wealthy households would face new taxes on property and other assets under German plans to prop up the struggling eurozone.

    As well as inflaming tensions between Germany and its smaller southern partners, the suggestion could also mean that Britons with holiday homes are dragged deeper into the eurozone crisis.