View Single Post
  #17  
Old 05.12.2012, 23:22
Guest
 
Posts: n/a
Re: Foreign Property - Tax implications

Quote:
View Post
My friend didnt realise / overlooked he had to declare foreign assets.......his tax advisor said it shouldnt matter too much, we're not talking millions
Not ensuring that you understand the broadlines of the tax system of a country you are resident in- will very rarely be a valid excuse Otherwise we would all be at it wouldn't we. We have property in the UK and have declared this from the start. The tax is very small, so why take the risk? Paying fair taxes is fair enough imho.
Reply With Quote