Spain

The Spanish tax regime is quite different from the UK’s, and the country’s regional governments can adjust certain rates and rules, resulting in notable variations between the regions. It is important to understand your regional tax system to avoid paying more tax than necessary.

As well as income tax and capital gains tax, there’s an annual wealth tax for residents assessed on worldwide assets, and even non-residents can be liable for taxes when buying or selling property.

Even so, with our expert, personal advice Spain can be a very tax-efficient place to live, especially if you’re retired.

Spanish succession tax works very differently from UK inheritance tax. While spouses or children can benefit from 99% relief in some regions, stepchildren, for example, can face extremely high tax rates. ‘Forced heirship’ law means that your spouse and children automatically inherit a pre-determined proportion of your estate, unless you have opted for UK law.

Succession planning in Spain can be complex and may lead to unintended consequences. With our expert advice, careful planning will help you achieve your wishes and secure the most favourable tax treatment.

Reforms in both Spain and the UK mean it’s important to carefully consider all your options for accessing UK pension savings. We can guide you through the pros, the cons and the tax implications of each option, so you can make a fully informed decision.

Our specialist expertise can make sure your finances are structured as tax efficiently as possible for Spain, with a strategy personalised to your situation and objectives.

We have access to some of the world’s best investment managers, ensuring your money works as hard as it can for you.

Speak to Blevins Franks to take full advantage of the tax and investment opportunities available to British expatriates living in Spain. 

Arrange a free consultation with a local adviser. 

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 are advised to seek personalised advice.