In a new operation against laundering of “black money” on Costa del Sol, the police have arrested 21 people, amongst them 3 notaries and several lawyers. A number of places, including the luxury hotel “Marbella Club” have been searched. Some 230 police officers took part in the operation. It is suspected 250 million Euros have been ‘laundered’ in Marbella.
Tax amnesty for foreign property owners
The UK Inland Revenue has granted a tax amnesty for Brits with property abroad which has not been reported to the tax man at home. Two months are given to come clean and get away with a reduced penalty of 10%. The amnesty also includes bank accounts not reported. The amnesty ends on 22nd June.
A similar action is under way for Norwegians with property abroad
From Cuidados Europeos
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