Declaring worldwide assets to Hacienda
#1636
Banned
Joined: Dec 2006
Location: Living in a good place
Posts: 8,824
Re: Declaring worldwide assets to Hacienda
We would have had a bit of a dilemma if we had still been there. We always paid tax on income entering Spain but never declared income from stocks, offshore dividends or property. The Spanish way was always offer them a fair tax payment and they will leave you alone, our Gestor said the same. If we had fully declared we could have been liable for at least 4 years back tax plus surcharges. If we didn't declare we would have always been scared of the massive fines for non-compliance.....Mitzy did the right thing
#1637
Re: Declaring worldwide assets to Hacienda
Reminiscent of the Windows Tax in 18/19th centuries in UK. They divested themselves of much of the subject of the tax.
#1638
Re: Declaring worldwide assets to Hacienda
I have closed this thread as it has run its course.
The discussion can continue on a new thread here
http://britishexpats.com/forum/showthread.php?t=800131
The discussion can continue on a new thread here
http://britishexpats.com/forum/showthread.php?t=800131