[font="Arial""]As a Spanish tax paying resident witnessing banking regulation increase day by day I cannot see how your brother in law could receive a large transfer without having some really awkward questions asked and possible tax ramifications. [/font]
[font="Arial""]And not even for large sums. My friend (somewhat foolishly) was making random transfers from UK of 1-3k and is now subject to Hacienda investigation of foreign assets not declared. [/font]
[font="Arial""]We continue to have great faith in Spanish banks - there is no fear at all accounts will be seized - but as of the last 18 months increasing questions are being asked to justify any incoming transfer. [/font]
Proceed with caution. Europe is registering banking footprints more efficiently than Argentina could dream of.
[font="Arial""]And not even for large sums. My friend (somewhat foolishly) was making random transfers from UK of 1-3k and is now subject to Hacienda investigation of foreign assets not declared. [/font]
[font="Arial""]We continue to have great faith in Spanish banks - there is no fear at all accounts will be seized - but as of the last 18 months increasing questions are being asked to justify any incoming transfer. [/font]
Proceed with caution. Europe is registering banking footprints more efficiently than Argentina could dream of.
