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 Andrew Southgate







Articles in this section are supplied by Andrew Southgate, Private Client Manager at Blevins Franks. 
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 Andrew Southgate      

The UK Autumn Statement
Thursday, 01 December 2016

Chancellor Philip Hammond delivered his first Autumn Statement on 23rd November.  It was the first budget after the Brexit vote but does not provide many clues as to what a post-EU world will look like and there were no reactionary tax reforms.  There were, in fact, few significant changes which will affect expatriates.


One interesting change going forward is that this will be the last "Autumn Statement".    The 2017 Spring Budget will also be the last spring one.  After that the Chancellor intends to deliver a single budget every autumn.  This should mean there are less tax changes in a year, and that they are announced well in advance of the new tax year.  Finance Bills will be released after the autumn budget.

UK Receives New Information On Offshore Accounts
Wednesday, 02 November 2016

In a year’s time, the Spanish tax authority will have started receiving information on its taxpayers’ offshore assets and income, under the new global automatic exchange of information regime.  The UK is already being handed details of hundreds of thousands of offshore accounts held in its Crown Dependencies and Overseas Territories.

Tax Planning In Today’s World
Wednesday, 02 November 2016

Tax planning remains an important part of protecting your wealth and retirement income, but it can be quite a minefield these days, particularly for expatriates who have cross-border interests.  You need detailed, up-to-date knowledge of local, UK and international tax regimes and regulations to be able to achieve the best results for yourself and your heirs. 
Some Relief from Succession Tax in Southern Spain
Monday, 10 October 2016

If you're a Spanish resident living in Andalucía or you have assets in the region, your heirs could benefit from recent changes to local succession law.

From 2nd August 2016, succession and gift tax rules include a revised main home relief and a new allowance for agricultural business. Then, in January 2017 the tax-free allowance for inheritances is likely to increase.

This is good news for taxpayers here, as it is the first time the local authorities have reduced succession tax in 35 years. Once all these measures come into force, Andalucía will no longer be the most expensive Spanish region when it comes to succession tax.

Does Brexit Mean You Need To Review Your Financial Planning?
Sunday, 04 September 2016

Some readers may find these exciting times for the UK, as it prepares to leave the EU, others may be concerned about what the future holds.  Either way, we do not yet know the detail of what the end result will be and it may be a while before we find out. How will this uncertainty affect expatriates in Spain from a financial point of view?  While you should not rush to make decisions, it is worth looking at your financial planning to consider if and where you may need to make changes.

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