Hi,

Can anyone offer any advice on the lastest clamp down on ex pats in Spain?
Basically anyone who is living in Spain and has assests outside the country MUST declare them by law! By assets I mean property, bank accounts, savings, ISA's, shares, businesses, etc. At the moment pension plans are not included. This probabaly only apllies to people who are autonomos and 'in the system' but more and more information is been shared between counrties and the tax man is hungry!
If you choose not to declare your assets through the modelo 720 form and you are found to have assets outside of Spain then HEAVY fine may be imposed and taxes upto 150% of the value of the asset.
I have been advised by my accountant to declare everything as they will discover eberything in time.
Has anyone else heard of this recent development and what advice can you offer?

This is nothing new really, and a no brainer... if you pay your taxes in your nominated eu country you really have nothing to worry about , its the people who hide their assets and dont make a contribution to the society they live in who have everything to be worried about, and rightly so, they are as bad as benefit scroungers....!

Has anyone got any updates or clearer information about this . Is it compulsory ? What happens if you do not fill the form in but any assets abroad ( UK ) are legit and taxed at scource ?. Is the form available in english ? Do you only declare if your income is over a certain amount . I understand there is a time limit ...April I think . If it is compulsory who are the best people to contact to get it sorted ?

Hi Rita, it could well be "to do with paying taxes in either country." If you have assets from which you have derived or are/will derive an income you could depending on your past, current or future residence and tax reporting be liable for tax payments as a result of information derived from the registration of assets. However you have to make the registration.
Its a very complex area. 

All sorted through Carlos (see above) 
Not too painful, worth doing for peace of mind.

As Rita said this is not dependant on your tax declaration.
It needs doing, or they can take up to 150% in fines - Ouch!

Not had the final bill yet, but it is supposed to be about €30.
Cheaper than a tax Renta and easier.

Thanks for the recommend Rita.  Went to see him today.  Nice bloke, very professional.  Smart offices.

Carlos is not a solicitor.
We use Ton Batlle, who is based in Tarragona.
Really nice, reasonable and English speaking.
He sometimes comes out to Tortosa, so worth making a phone call to him.
977218633