Heavy Spanish tax fines may hit expats

Adrian Holliday

Are you an expat living in Spain? You could be stung hard if you fail to declare your assets. Spanish authorities are giving all residents, including Britons, until the end of April to come clean on overseas assets - from cash in the bank to shares and life insurance - worth more than €50,000.

Thousands of Britons could be at risk from the draconian new fines.%VIRTUAL-SkimlinksPromo%