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Substantial reduction for succession tax in Andalucía
Thursday, 19 October 2017

Andalucía is about to become an even more attractiveregion to live in.  Once confirmed in the2018 regional budget, in the majority of cases spouses, children and parentswill escape this unpopular tax completely.

Moving to Spain? 7 questions that could save you money
Wednesday, 20 September 2017

If you are planning on moving to Chiclana de la Frontera, or have recently done so, you have made an excellent choice. There are so many benefits to living here, and Spain can offer tax-efficient opportunities too.


Make the most of these opportunities and avoid costly mistakes by considering these seven questions.

UK keeps tight rein on QROPS pension transfers
Wednesday, 20 September 2017

Latest efforts from the UK government to tighten the rules for pension transfers should have little impact on Britons living abroad.

Expatriates still have the right to move UK pension funds into an approved Qualified Recognised Overseas Pension Scheme (QROPS) without paying UK taxes or penalties. Currently, no UK charges apply for EU/EEA residents transferring to an eligible QROPS within the bloc, or for non-EU/EEA residents transferring to a QROPS based in their country of residence. However, HM Revenue and Customs (HMRC) impose an ‘overseas tax charge' of 25% for unapproved QROPS, or penalties at least 40% on transfers to other unregistered schemes.

Spanish tax harmonisation – Some possible future guidelines
Wednesday, 02 August 2017

The Spanish tax regime allows the Autonomous Communities to adjust some rules and tax rates, for example income  and wealth tax rates, and also rates, allowances and reductions for succession and gift tax.  As a result there are substantial tax differences between regions, making some areas much more beneficial, tax wise, to live in than others.

UK cashes in on offshore tax evasion crackdown
Wednesday, 02 August 2017

The UK tax office has reaped the rewards of its latest measures to tackle tax fraud. The past tax year netted HM Revenue & Customs (HMRC) £29 billion from tax evasion investigations, helping boost its overall revenue by 7%.

HMRC puts part of this success down to using their "full powers" to uncover secret offshore accounts. Over £2 billion was collected by "cracking down on people who think they can hide money offshore" they said, adding, "there are no safe havens".

For expatriates - who are likely to have financial interests overseas and need cross-border tax planning - this heightened scrutiny is an extra incentive to get your tax affairs in order.

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