Search
PODCAST / The UK budget 2026 – what does it mean for expatriates in Spain?

The UK budget 2026 – what does it mean for expatriates in Spain?

Budget, Spain, Tax Planning
10.11.26 on Bay Radio
0:00
/

The UK Budget 2026 may have contained fewer surprises than many expected, but it still includes developments that could affect British expatriates living in Spain. While headline income tax and capital gains tax rates remain unchanged, changes affecting pensions, savings and rental income mean this is an important time to review your financial planning and the role UK assets play in your overall wealth strategy.

Radio Bay Station

In this episode, Brett Hanson, Senior Partner at Blevins Franks, shares his key takeaways from the UK’s first Budget under the new Chancellor and Prime Minister. He explains which measures have changed, which have remained untouched, and why British expatriates in Spain should pay particular attention to the upcoming inheritance tax changes for pensions and the increasing tax burden on UK rental property.

  • What were the most important announcements in the UK Budget 2026 for British expatriates?
  • What tax and pension changes should expatriates be aware of?
  • Which tax allowances and rates were left unchanged by the Chancellor?
  • Are the pension inheritance tax reforms due in April 2027 still going ahead?
  • What should British expatriates consider if they still own property in the UK?

Tax rates, scope and reliefs may change. Any statements concerning taxation are based upon our understanding of current taxation laws and practices which are subject to change. Tax information has been summarised; individuals should seek personalised advice.
Share this page
Blevins Franks has been providing specialist financial advice to British expatriates across Europe for 50 years. Our expertise covers tax, estate planning, pensions and investment management to offer a genuinely holistic approach to financial planning.
Make an Enquiry
28 St James’s Square, London SW1Y 4JH
Gasan Centre, Triq il-Mergħat, Zone 1, Central Business District, Mrieħel CBD1020
+44 (0)20 7389 8133 Make an Enquiry

We want people to be able to easily access and understand the information we provide, so if you need further help to access information on this website or key documents in a different format or setting, please contact us via your Blevins Franks adviser, by email or by phone.

[email protected]   +44 (0)20 7389 8133.

Blevins Franks Financial Management Limited (BFFM) is authorised and regulated by the Financial Conduct Authority in the UK, reference number 179731, to provide advice in the UK. Blevins Franks Wealth Management Limited (BFWML) is authorised and regulated by the Malta Financial Services Authority, registered number C 92917 to provide advice in Malta and other EU countries in line with its [IDD and MiFID] passporting permissions. It is authorised to conduct investment services under the Investment Services Act and authorised to carry out insurance intermediary activities under the Insurance Distribution Act. Where advice is provided outside of Malta via the Insurance Distribution Directive or the Markets in Financial Instruments Directive II, the applicable regulatory system differs in some respects from that of Malta. BFWML also provides taxation advice; its tax advisers are fully qualified tax specialists. Blevins Franks Trustees Limited (BFTL) is authorised and regulated by the Malta Financial Services Authority for the administration of trusts, retirement schemes and companies. BFFM, BFWML and BFTL are all part of the Blevins Franks Group Limited (BFGL) whose registered office is Gasan Centre, Triq il-Merghat, Zone 1, Central Business District, Mriehel CBD1020, Malta. This promotion has been approved and issued by BFWML and BFFM for respective use in the EU and UK.

© Blevins Franks