Hello all C.B.Forum readers
I ask the members of the forum whom are “Fiscal Residents” in Spain.
I have recently purchased a property in SPAIN and have been advised by several Gestor and Accountant sources that I am now “obliged to fill in a Modelo 720” declaring my worldwide assets - especially if my worldwide assets are above €50,000.
I ask those of you whom are “RESIDENTS in Spain” and whom own a house in Spain, do you fill out this Modelo 720 declaration?
Those of you who do not complete and send Modelo 720 declaration into the tax authorities within Spain -
Maybe you can advise me how you get away with NOT declaring your assets over €50,000?
The same as many of you, I would prefer not to pay this country Spain - anymore tax - as they already have taxed me enough.
I would much appreciate anyones advise on this matter.
Appreciated