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Articles in this section are supplied by our sponsor Blevins Franks.
For more information on their services click here to go directly to their website.
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David Bowern
Partner |
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Monday, 27 April 2015 |
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Automatic exchange
of information is almost here. What does
it mean for you, as an expatriate living in Spain?
This loss of
financial privacy affects us all. If we
live in one country and have assets in another, our information will be shared
between countries. Tax authorities will be able to track our wealth like never
before.
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Tuesday, 27 January 2015 |
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Until now, many British expatriates have been able to sell
UK property without having to pay any capital gains tax in the UK. This changes from April when new rules come
into effect.
The concept of charging UK capital gains tax on the disposal
of UK residential property owned by non-residents was first mooted by
Chancellor George Osborne in his 2013 Autumn Statement. Following a consultation, the government
published legislation on 10th December 2014. The new rules apply from 6th April
2015.
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Wednesday, 30 April 2014 |
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Many people take financial advice to protect their assets from tax and inflation and to provide financial security for a long and comfortable retirement. What many do not realise, however, is that their choice of adviser is probably the most important financial decision they need to make.
One of the key questions for British expatriates is whether to use their existing UK adviser, or a new adviser based here in Andalucía. However, before you start discussing your financial affairs with anyone, you need to establish if they are regulated to provide advice to residents of Spain, and that they are competent.
Do not presume that because the adviser is British and has worked in the UK, that he must be reliable and regulated – unfortunately this is not always the case.
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Finance