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 Andrew Southgate







Articles in this section are supplied by Andrew Southgate, Private Client Manager at Blevins Franks. 
Find out more about Andrew on their website.



 Andrew Southgate      

Exchange of information – what changes in September?
Tuesday, 17 July 2018

Last September, tax authorities across the world, including Spain and the UK, began sharing and receiving new information on their taxpayers' offshore assets and income.      

This is carried out under the Common Reporting Standard (CRS) for automatic exchange of financial account information.  More than100 countries have so far committed to obtain information from their financial institutions and pass it on to the clients' country of residence.

Preparing for Brexit and residency in Spain
Wednesday, 20 June 2018

The Brexit transition period agreed in March gives British expatriates and those wishing to move to Spain more time to prepare. This was welcome news, but a small delay like this could slow people down in taking crucial actions that are fairly urgent - the clock is still ticking to get ready in time, particularly where paperwork is involved.   

The key issue for many people is residence ­– If you are already living here, will there be any problems with you staying after Brexit?  If you are still arranging your move to Spain, how can you secure residence in time?

In December 2017 the UK and EU27 committed to maintain existing residency rights for Britons and EU nationals who are “lawfully residing” within either area before the withdrawal date. This confirmed that citizens on both sides can continue "to live, work or study as they currently do under the same conditions as under Union law".  

Spain cracks down on Gibraltar “residency”
Wednesday, 20 June 2018

The Spanish Hacienda earns €20 million from regularising the status of 160 high net worth individuals claiming tax residence in Gibraltar when really resident in Andalucía (Spain).

The Spanish tax authorities have taken huge steps over recent years to crack down on tax evasion and increase tax revenue. They implemented a number of new measures and adopted new IT tools to make it easier to find those who are not following the Spanish tax rules correctly, as well as to analyse the tax affairs of wealthy individuals with interests in Spain.

Besides looking for those who have failed to declare all their income, including overseas income and assets, they are also focused on false residency claims - i.e. those who live in Spain but claim residence in a low taxation territory like Gibraltar or Andorra to avoid paying higher taxes in Spain. 

Pension advice in Spain: Six tips for getting it right first time
Thursday, 17 May 2018

With Brexit approaching and more options than ever for UK pensions, quality advice for expatriates is crucial.

While any financial transaction brings a degree of risk, pensions are often the cornerstone of a comfortable retirement, so getting it wrong can be disastrous. Indeed, we are sometimes approached by people who have made the wrong pension choice with another firm and found it very costly to rectify.

These six tips can help you get it right first time:

Six tips for protecting and growing your wealth
Thursday, 17 May 2018

Today’s climate presents many challenges to both preserving your wealth and seeing it grow over time. As well as the economic uncertainty surrounding Brexit, we have endured a prolonged period of ultra-low interest rates, and are exposed to a never-changing tax and regulatory landscape. All this makes it harder for investors to achieve returns that are not eroded by inflation and taxation without leaving their comfort zone.

At times like this, careful planning plays a particularly important role in securing your financial security over the long term. Here are six key tips that can help.

One year until the Brexit due date: What we know and don’t know
Tuesday, 17 April 2018

With less than a year to go until the UK officially leaves the EU, we explore how things stand for expatriates under the proposed Brexit deal.

Residency: What we know

Although Brexit is scheduled for 29th March 2019, a 21-month transition period is lined up to maintain existing residency rules and benefits until the end of 2020.

Under the proposed citizens' rights agreement, Britons “lawfully residing” in an EU member state before the 31st December 2020 cut-off date will retain the right to remain and access existing benefits in that country after full Brexit takes effect.

Existing partners and close family members can join settled residents in an EU country, even after Brexit.

However, residency rights expire if you are absent from the country for five continuous years.


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