british expatriates
January 19th, 2006
BRITISH expatriates in Spain are expected to save thousands of pounds after a legal move to cut capital gains tax by the European Commission. The Commission is to refer the Spanish Government to the Court of Justice over its taxation of non residents who sell their villas or on their ...
Continue reading Spanish Tax for expats 'Against EU Rules'
September 7th, 2006
Spain has passed a new land law which will crack down on illegal building scandals which have hit hundreds of British expatriates. The law will force local councillors to declare any business links and incomes in case they are connected with property developers. It follows a succession of corruption scandals across ...
Continue reading Spain tackles building scandals
November 20th, 2006
Buying property in Spain can still be daunting but the process can be made easier if advisers learn about the country and the systems in place. Spain remains the most popular destination for British people buying property overseas and British expatriates are now an important part of the Spanish property market, ...
Continue reading Quiero a Aprender
December 28th, 2006
Britons living abroad tend to open an offshore bank account to help with their banking arrangements. You will also need to open a local bank account in Spain, but if you retain financial transactions in the UK, or wish to benefit from higher interest rates, then an offshore bank account ...
Continue reading Offshore Banking For British Expatriates
February 28th, 2007
With 75,000 UK pensioners currently living in Spain, the subject of Inheritance tax for British expatriates is one that needs to be given careful consideration, says Bank of Scotland International. If you have, or are considering, retiring permanently to Spain it is vital to consider the implications of Spanish inheritance ...
Continue reading Inheritance Tax for British in Spain
March 7th, 2007
An estimated 75,000 UK pensioners currently live permanently in Spain and Bank of Scotland International is warning them of the Inheritance Tax implications of living abroad. Some will have given up their UK domicile and will be subject to Spanish inheritance tax on all assets. Under Spanish law, if a property ...
Continue reading Brits in Spain could face IHT Pain
April 2nd, 2007
Over one million Brits are currently receiving their pension abroad and this is expected to more than triple to 3.3 million by 2050. At present, three quarters (75,000) of those drawing their state pension abroad have relocated to sunny Spain. With this trend looking set to continue, Bank of Scotland International ...
Continue reading Pay attention to your pension before retiring to the sun
June 5th, 2007
People who buy property in Spain have to apply for a fiscal identification number known as a Número de Identificación de Extranjero (NIE). All foreigners who own a property in Spain need a NIE, which identifies them to the Spanish tax authority (Hacienda), and is required for paying taxes ...
Continue reading New Fiscal Identification Regulations
June 8th, 2007
As baby boomers hit 60 years of age – which is now being described as the new 40 – they still want to enjoy life to the full. This may not always be the case if finances don’t allow. True, many of today’s baby boomers are asset rich in that ...
Continue reading Asset Rich – Cash Poor
July 30th, 2007
Retirement is a key time in life to review your financial arrangements. This is particularly true if you have moved to Spain as investments you had working well for you in the UK when you were in employment may not be suitable for retirement in Spain. A retiree’s mind usually concentrates ...
Continue reading Safeguard your Wealth in Spain from Dangerous Exposure
