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Modelo 720 to declare or not to declare?

Fiduciary Wealth Team

Those in the know reckon 95% of residents with offshore assets failed to declare in April 2013. Told you so is the resounding cry, but wait a minute the Spanish Government now plan to specifically target foreign residents especially UK nationals and are significantly increasing the number of tax inspectors it employs. In addition Spain has signed up to the G5 agreement to share and receive information from other EU governments including the UK. Why risk losing all your assets by non disclosing when there are some simple and straightforward solutions to the problem?