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| | | 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 | | | |
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Monday, 12 February 2018 |
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With pensions, your long-term financial security is at stake, so take care to do what is right for you and your family. Start by understanding the options available for different pension types.
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Monday, 22 January 2018 |
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There is good news for residents in Andalucía – the region has gone from being the most expensive for inheritance tax to one of the cheapest. When the new regional budget for Andalucía entered into force on 1st January 2018, it included a significant change for succession and gift tax. The aim of the regional government is to protect close family from this tax, especially on death transfers (i.e. inheritances).
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Monday, 22 January 2018 |
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Changes to the UK domicile regime have come into force that could prove costly for expatriates. Following the delays caused by the unexpected snap general election in the summer, the Finance (No.2) Act 2017 received Royal Assent in November, with confirmation that the domicile reforms take effect retrospectively from 6th April 2017. Whether you are planning to move to Spain or currently live here and thinking about returning to the UK - even temporarily - these changes could affect your tax liabilities. Make sure you understand what the new rules mean for you and your family.
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Friday, 22 December 2017 |
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Was there anything in the UK Budget for expatriates? Phillip Hammond's second Budget - the first for the reformed government following this summer's snap election - was widely seen as fairly subdued. But was there anything of note for Britons living in Spain?
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Monday, 13 November 2017 |
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For British expatriates, understanding domicile is an important element of estate planning. It is domicile, not residence, that determines your liability for UK inheritance tax. With rates at 40%, UK inheritance tax is one of the most expensivet axes facing British families - and living in Spain does not automatically protect you.
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Monday, 13 November 2017 |
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On 2nd November, the Bank of England increasedthe UK interest rate for the first time in over ten years. Having lifted onlyfrom 0.25% to 0.5%, this is by no means a seismic shift, bringing it back tothe previous historic low set in March 2009 and marking a 104-month run ofrates below 1%. However, this represents a gear change in the Bank's outlookfollowing a decade where down has been the only direction for interest rates.
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Finance