british expatriates
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
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
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
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
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
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
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
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'
