Reporting of Assets Outside Spain
Nov 28th 2012 | 11:58 pm
#31
BE Forum Addict
Joined: Jul 2012
Posts: 2,041
Re: Reporting of Assets Outside Spain
I'm not sure this is the same thing.
RTN is talking about a new law that was introduced in November this year. The amnesty law was introduced in March this year and runs out at the end of this month. By all accounts it was a big flop and they only raised €150 million instead of the €2.5 billion they were hoping for.
RTN is talking about a new law that was introduced in November this year. The amnesty law was introduced in March this year and runs out at the end of this month. By all accounts it was a big flop and they only raised €150 million instead of the €2.5 billion they were hoping for.
Hopefully there will be plenty of publicity about the new requirements nearer the time, as there doesn't seem to be much info on the Hacienda website at the moment, just a press release.
Dec 7th 2012 | 12:44 am
#32
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Joined: Jul 2012
Posts: 2,041
Re: Reporting of Assets Outside Spain
Just found this detailed article about the new law.
If you have less than €50,000 worth of assets outside Spain (including bank accounts, balance as at 31 December 2012) you don't have to do anything. Otherwise you have to make a declaration by 31 March 2013, but the form doesn't seem to be available yet.
New Asset Reporting Law For Spanish Residents
If you have less than €50,000 worth of assets outside Spain (including bank accounts, balance as at 31 December 2012) you don't have to do anything. Otherwise you have to make a declaration by 31 March 2013, but the form doesn't seem to be available yet.
New Asset Reporting Law For Spanish Residents
Dec 7th 2012 | 2:17 am
#33
Joined: Jun 2011
Posts: 12,053
From: In the middle of 10million Olive Trees
Re: Reporting of Assets Outside Spain
Just found this detailed article about the new law.
If you have less than €50,000 worth of assets outside Spain (including bank accounts, balance as at 31 December 2012) you don't have to do anything. Otherwise you have to make a declaration by 31 March 2013, but the form doesn't seem to be available yet.
New Asset Reporting Law For Spanish Residents
If you have less than €50,000 worth of assets outside Spain (including bank accounts, balance as at 31 December 2012) you don't have to do anything. Otherwise you have to make a declaration by 31 March 2013, but the form doesn't seem to be available yet.
New Asset Reporting Law For Spanish Residents
"If the value of your total assets in each class is less than €50,000, you are not obliged to report"
as there are 5 "classes" then this could mean you would require a total asset pot of €250,000 - but if more than the €50,000 in any one class you would have to report it.
`
Dec 7th 2012 | 3:02 am
#34
BE Forum Addict
Joined: Jul 2012
Posts: 2,041
Re: Reporting of Assets Outside Spain
to quote one sentence -
"If the value of your total assets in each class is less than €50,000, you are not obliged to report"
as there are 5 "classes" then this could mean you would require a total asset pot of €250,000 - but if more than the €50,000 in any one class you would have to report it.
`
"If the value of your total assets in each class is less than €50,000, you are not obliged to report"
as there are 5 "classes" then this could mean you would require a total asset pot of €250,000 - but if more than the €50,000 in any one class you would have to report it.
`
Dec 7th 2012 | 3:17 am
#35
Lost in BE Cyberspace
Joined: Jun 2005
Posts: 6,912
From: Puente Esuri
Re: Reporting of Assets Outside Spain
I'm not sure this is the same thing.
RTN is talking about a new law that was introduced in November this year. The amnesty law was introduced in March this year and runs out at the end of this month. By all accounts it was a big flop and they only raised €150 million instead of the €2.5 billion they were hoping for.
RTN is talking about a new law that was introduced in November this year. The amnesty law was introduced in March this year and runs out at the end of this month. By all accounts it was a big flop and they only raised €150 million instead of the €2.5 billion they were hoping for.
Dec 7th 2012 | 4:42 am
#36
Lost in BE Cyberspace
Joined: Feb 2008
Posts: 6,172
Re: Reporting of Assets Outside Spain
Just a thought what about those that had ISA's in the UK before moving and legally are entitled to retain but not top them up if resident in Spain. If they have had them since say the beginning and put full amount in they could have quite a bit. They are tax exempt UK but require to be declared as worldwide asset in Spain? and taxed so defeats the benefit of retaining them>
Mar 7th 2013 | 1:55 am
#37
BE Enthusiast
Joined: Nov 2005
Posts: 943
Re: Reporting of Assets Outside Spain
Just a thought what about those that had ISA's in the UK before moving and legally are entitled to retain but not top them up if resident in Spain. If they have had them since say the beginning and put full amount in they could have quite a bit. They are tax exempt UK but require to be declared as worldwide asset in Spain? and taxed so defeats the benefit of retaining them>
Thanks.
Mar 7th 2013 | 1:59 am
#38
Joined: Jun 2006
Posts: 11,231
From: Granada Costa
Re: Reporting of Assets Outside Spain
You need to have a look at the current thread on the subject but in simple terms you will probably need to see a gestor as the details can only be submitted online.
http://britishexpats.com/forum/showthread.php?t=784875
I am closing this thread as we don't need two threads on the same subject.
http://britishexpats.com/forum/showthread.php?t=784875
I am closing this thread as we don't need two threads on the same subject.
