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General >> News >> Declaration of assets outside of Spain. Modelo 720
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Message started by mf175 on Feb 27th, 2013 at 9:45pm

Title: Re: Declaration of assets outside of Spain. Modelo 720
Post by Michael on Feb 28th, 2013 at 12:04am
Having just had dinner with a Spanish friend he seems to think that this is only an opportunity to admit to 'black money' purchases before a deadline.  (A bit like America had regarding Swiss bank accounts.)  In other words if your foreign assets are legitimate then there is nothing to declare but expect punitive treatment if they find stuff which you haven't confessed to which is hookie.  Expect the Spanish Inquisition!!! 
PS  Last I heard there were no forms available to fill in.  Perhaps they need to pay the printer in cash to get on with them.   ;)

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