Tag Archives: assets

British expats in Spain – asset declaration deadline looming

15 April, 2013

7153_18British expats have until 30 April 2013 to declare their assets outside of Spain.

Who needs to declare?

British people living in Spain need to declare each asset, e.g. a holiday home, worth over €50,000 (£44,000) to the Spanish authorities under new rules designed to stop tax evasion.

You’ll be considered a resident in Spain if you spend more than 183 days a year in the country, or if your spouse and dependent minor children live there. The Spanish authorities will also be looking for those who not only own any assets, but are the beneficiary or authorised signatory.