18/06/2013 14:55:45:

Any advice on taking over an exisiting shop already had been trading - stock and fittings included in lease

Yes, dont' do it.  Spanish retails sales are down by over 10% YoY. See here:

www.guardian.co.uk/world/2013/jan/29/spanish-retail-sales-slump-austerity

Shops are shutting down left right and centre.  People aren't spending money.  I don't know if you've heard, but Spain is in the middle of a 1930s style Great Depression...

 

 

Thread: taking over an existing business

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07/06/2013 17:11:00:

So, house prices around Torrevieja have jumped 3%?  Since they fell by some 50% (more in some places) this sudden leap means that they have only fallen 47%

I'm probably being a bit pedantic here, but a 50% fall then a 3% rise is actually a 48.5% fall overall

Thread: Housing prices are on the rise in some coastal areas

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30/04/2013 13:25:00:

Estepona  is quite close to Gibraltar.  Have you thought about setting up a company in Gibraltar? A lot cheaper and a lot less hassle.  And much lower tax.

Thread: Forming and Registering a Business in Spain

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25/04/2013 13:45:00:

and unemployment has just hit 27%...

Thread: Spain's Risk Premium falls and Stock Market rises - Sign of improvement?

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15/04/2013 19:51:00:

I had previously mentioned on this thread that my colleague had been told by his asesor/gestor not to bother declaring  his American wife's US assets.  My colleague was chatting to his asesor again late last week and he said that none of his clients are bothering to declare their overseas assets (he has a lot of clients with foreign assets due to being based close to Gibraltar).  He even has one particulalry dodgy client who is a builder with cash stashed in Switzerland and even he is not going to declare.  I think I would be very worried if I had undeclared assets in Switzerland.  I read that Hacienda is going to use the Falciani list of HSBC Switzerland foreign account holders and cross reference this with the Modelo 720 declarations.

I have to say, out of the twenty or so people (Spanish and non Spanish) I know with foreign assets over 50K, not one of them will be declaring them.  The only ones I know of who are declaring are the hand full of people who have said so on this thread...

 

This message was last edited by Sanchez1 on 15/04/2013.
Thread: Reporting of Assets Outside Spain and UK Rental Income.

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