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Expats urged to seek advice on new tax laws before deciding to leave Spain

Capture17 May, 2013

New financial reporting requirements in Spain have prompted many expat residents to think about leaving the country. The new tax laws require anyone who resides in Spain for more than six months of the year and owns overseas assets amounting to more than 50,000 euros to declare them.

Although this will certainly ring true for many expats, those affected should seek financial advice before deciding to leave as there may be ways of reducing the impact of the new laws.

Read the full story here: www.telegraph.co.uk