24 May 2013 15:17:
............................................ a fact which he was not aware of when he dutifully declared the sale on his assets outside Spain form! I see many worried people in Spain!
Not sure how he did that.
As I understand it, please correct me if I am wrong, he was required to state what bank accounts he had ( in addition to property which he actually owned at 31.12.12 and shares etc). OK the amount in an account may have been from the sale of a house, but how did they know? When I declared my bank accounts it was just the sums and averages, not where the cash had come from.
I think the man was surprised to get this bill because he does not own property in Spain, but the tax office deemed the house in UK as his second home
I don’t think that is so. If it is generally as you have said, and the man is tax resident in Spain, then it was the capital gains tax, on the gain, just as it would have been on a property sold in Spain (regardless of whether he had another property in Spain or not) which was not rolled over within two years. That might explain why he paid just capital gains tax and not a fine as well.
Thread: Reporting of Assets Outside Spain and UK Rental Income.