The Spanish tax authority is targeting British expats it suspects of inadvertently or even deliberately avoiding tax.
According to expat tax expert Peter Howarth, the Spanish authorities are targeting Britons in Spain as they crack down on alleged tax avoidance. Their actions are part of an overall package of austerity measures, designed to grab as much taxation revenue as possible in a bid to shore up the flagging economy.
As a resident in Spain your worldwide assets are subject to Spanish taxation – however, it is alleged that some expats have undeclared assets offshore. It is such individuals who are apparently being targeted by the Hacienda in Spain as they seek out those who have been illegally avoiding taxation.
Everything you need to know about property in Spain
Login or Register to read articles without any adverts in the text.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.