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Re: Asset Declaration and Form 720 - The Aftermath!
Originally Posted by Neptuno
(Post 10759635)
They also have the problem of conflicting advice.People who own businesses are aware of tax implications-those who've only had to deal with PAYE are not.
Those who loftily defend the Spanish system, and dismiss criticisms of unjust practices,(quite a few of those) only too ready to spout"don't be tax resident in Spain, then" are missing the point. The golden geese WILL fly from the nest, and Spain will be all the poorer, no doubt having to inflict other unpopular measures onto the population.
Originally Posted by Neptuno
(Post 10759635)
I know nothing of trusts but I have heard that Spain does not recognise them in relation to IHT.
It's a shame that there isn't an agreement in Europe that tax free saving plans, isas etc in your own country are respected in another eu country;then people wouldn't fear the taxman.They would still get enough income from the expat pensions, savings interest etc.: |
Re: Asset Declaration and Form 720 - The Aftermath!
Originally Posted by me me
(Post 10759795)
Why don´t you have that phrase added to you signature, it would save you a lot of time, us regualrs already know about your sister in law, and the newbies would be able to read it for themselves.:)
In my experience that is not the case There is nothing glamorous about being a tax lawyer by the way, why on earth would I want to boast about someone I know having such a dull job :D |
Re: Asset Declaration and Form 720 - The Aftermath!
Originally Posted by EsuriJohn
(Post 10759758)
Surely that is only if they exceed €50,000 in any asset class
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Re: Asset Declaration and Form 720 - The Aftermath!
Originally Posted by cricketman
(Post 10759845)
I only feel it is relevant because some posters have said that Spanish people - and lawyers advice to ignore modelo 720
In my experience that is not the case There is nothing glamorous about being a tax lawyer by the way, why on earth would I want to boast about someone I know having such a dull job :D |
Re: Asset Declaration and Form 720 - The Aftermath!
A word of caution. Some town halls have started to send out letters to people registered on the padron to present themselves at the town hall to verify they are still resident. I've never known that to happen before.
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Re: Asset Declaration and Form 720 - The Aftermath!
Originally Posted by HBG
(Post 10761598)
A word of caution. Some town halls have started to send out letters to people registered on the padron to present themselves at the town hall to verify they are still resident. I've never known that to happen before.
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Re: Asset Declaration and Form 720 - The Aftermath!
Originally Posted by megmet
(Post 10761811)
But as there is a small charge for the privilege it's another way of getting money out of the peasants! :huh:
I should Coco. :frown: |
Re: Asset Declaration and Form 720 - The Aftermath!
Originally Posted by megmet
(Post 10761811)
But as there is a small charge for the privilege it's another way of getting money out of the peasants! :huh:
It would have been OK but they had forgotten my son - he was only 13 but apparently doesn't live here any more :confused: |
Re: Asset Declaration and Form 720 - The Aftermath!
Originally Posted by jamiest
(Post 10757291)
Ditto from me.
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Re: Asset Declaration and Form 720 - The Aftermath!
Originally Posted by HBG
(Post 10761598)
A word of caution. Some town halls have started to send out letters to people registered on the padron to present themselves at the town hall to verify they are still resident. I've never known that to happen before.
Btw Meg, there is no charge in my area, nor do they charge for updated empadronamiento certificates if you request one (at least at present they don't, if they decide to start doing it I don't think I'll leave the country because of it!). |
Re: Asset Declaration and Form 720 - The Aftermath!
Originally Posted by Lynn R
(Post 10762353)
I think this is more unnecessary alarm. My OH received such a letter last December, requiring him to renew his details as it was more than 5 years since we'd registered on the padron, and I had read reports of it happening in other areas well before that. I don't think it has anything to do with asset reporting, I don't blame the Ayuntamientos for wanting to get their records in order as I don't suppose many people bother to tell them when they move.
Btw Meg, there is no charge in my area, nor do they charge for updated empadronamiento certificates if you request one (at least at present they don't, if they decide to start doing it I don't think I'll leave the country because of it!). Rosemary |
Re: Asset Declaration and Form 720 - The Aftermath!
Originally Posted by HBG
(Post 10761598)
A word of caution. Some town halls have started to send out letters to people registered on the padron to present themselves at the town hall to verify they are still resident. I've never known that to happen before.
Our local town hall definitely have a listing from those who haven't been in for a couple of years - some English names in amongst them Just haven't heard of them sending letters, although it isn't everyone who even drives past the town hall letalone calls in to look at the notices. :sneaky: |
Re: Asset Declaration and Form 720 - The Aftermath!
We received a letter and took our passport, residencia etc to the town hall, to check all the details were correct. As we had renewed our passports they entered the new number on their records. Its an updating exercise and there are no problems doing it.
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Re: Asset Declaration and Form 720 - The Aftermath!
There is no longer a statutory requirement to renew your entry (unless you are non EU). However the Padron is essentially the official ongoing census and it is important that it is correct.
If a municipality (or the Government) thinks that the list has got out of date due to people not deregistering when they leave there is an obligation to correct it and that means that they can ask you to re-register to get it all up to date. It has happened in a few localities down here in the south over the last few years. As yet, there is no reason to connect it with the asset declaration requirements. Many towns have encouraged foreign property owners to sign on the Padron as it possibly increases the funding they get from central government but officially you cannot sign on the Padron unless you live there permanently. There is clearly a risk that Hacienda could ask for the details of Padron entries and assume that people on it were tax resident. If you are not actually tax resident in Spain my advice would be not to sign on and if already on it to de-register. |
Re: Asset Declaration and Form 720 - The Aftermath!
That was what I was thinking Fred some may have signed but not been living permenantly there or not tax resident. For instance I spoke to someone tbe other day to find out how they managed to buy and register a car in Spain but not resident. They had signed on padron and said you didn't have live full time to do so which I said I thought was incorrect.
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