Inheritance and gift tax
The amendment of the legislation completely eliminates inheritance and gift tax for inheritances between parents and children, grandparents and grandchildren and spouses.
Spanish succession tax in the Balearics
SSGT applies to inheritances and lifetime gifts. It is due when the beneficiary is resident in Spain, or the asset being gifted or inherited is a Spanish asset.
Taking your UK pension in Spain Tax and advisory issues to be aware of
A 2021 ruling determines that unless a pension is a Spanish or EU contract, transfers from ‘third country’ pension schemes to EEA pension schemes are subject to personal income tax on the whole fund value, up to 49.5% in the Balearics.
Farming in Spain
We are 100 percent sufficient for food and drink.
From Eton to running a small farm in Spain
Meet Paul Richardson who has embraced the Spanish way of life.
Waiting at the Post Office
What about our Spanish friends - do they always expect to wait 8 minutes 23 seconds to buy a stamp at their local post-office, or was it just me?
Spain ranks among the top 20 European countries for digital nomads
If you’re an avid coffee drinker, Spain is the 11th cheapest place to purchase a coffee, costing only 1.90 euro
The first step on your financial journey in Spain – choosing your adviser
Your UK adviser is unlikely to know the ins and out of local regulations in the Balearics (which vary from elsewhere in Spain) or keep on top of reforms.
Inflation update and planning ahead to protect our savings
It has been two years now since inflation began to climb and we were soon noticing the higher cost of living. Prices peaked last autumn and the situation is improving now.
The UK has endured persistently high inflation
The UK has endured persistently high inflation.
UK inheritance tax
The standard inheritance tax nil rate band has been frozen at £325,000 since 2009.
‘August, nothing much to think about’ rant in Soller
It really is party time in the Soller Valley.
Sardinero beach in Santander
Sardinero beach in Santander, in the north of Spain.
Strategic financial planning for Spain
Every family is different. Your strategic financial planning must be carefully designed for you.
You can only spend up to 90 days in any rolling 180-day period without a visa
You can only spend up to 90 days in any rolling 180-day period without a visa.
Spain’s Non-Lucrative Visa
Spain continues to welcome UK citizens to their communities, but it is under different rules and the process is more bureaucratic and complex.
Looking after your financial wellbeing
Your portfolio needs to be designed around your circumstances, needs, objectives and risk profile – too many people have investments that aren’t suitable and too risky for them.
Spain’s Digital Nomad Visa and tax benefits
The new Digital Nomad Visa enables UK and other non-EU nationals to live and work remotely in Spain, plus provides tax advantages.
How are your savings protected?
Banks in the Channel Islands and Isle of Man are not covered by the UK and their local guarantee schemes offer lower levels of protection – £50,000 per individual.
- Update: The 90-day rule for Britons in Spain your views keep flooding in " When we’re in Mallorca we also support the local economy"
- Get the Mallorca Beach App!
- One million Brits would benefit from 90-day rule being scrapped in Spain
- Mallorca hoteliers calling for eight-year sentences for British tourists' false claims
- Mallorca Bulletin Reader Offers
Comment
Britons lost in Mallorca
One thing is promoting British business in Spain, but I thought the Foreign and Commonwealth Office also looked after Britons living in Spain.
Humphrey Carter21/07/2023 12:34