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Re: Declaring assets/income
Originally Posted by Patrick2976
(Post 11129757)
I think you're mixing up the world wide asset declaration (modelo 720) with succession tax in Spain.
Of course there is still the issue for expats in Spain who are deemed to be UK domiciled upon death - then HMRC will try to tax your worldwide assets no matter where you live (although there is an agreement in place between Spain and the UK which can be used to negate depending on circumstances) |
Re: Declaring assets/income
Originally Posted by EsuriJohn
(Post 11130120)
What agreement is that? Do you have link please?
Its called unilateral relief. |
Re: Declaring assets/income
Originally Posted by Neptuno
(Post 11129861)
Patrick-No-can't see why you said that
Fred thanks for clarifying the IHT issue Anyways, no worries. |
Re: Declaring assets/income
Apparently Italy has decided to apply a 20% withholding tax to inward bank transfers unless it can be shown that the funds come from legitimate income. The details are sketchy and I can find nothing in English as yet, but it is being discussed on the Italy forum.
http://britishexpats.com/forum/showt...=825212&page=2 I mention it here because when one European government has a stupid idea others, mentioning no names, tend to follow. |
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