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Financial News
Canary Islands To Reduce Succession and Gift Tax
The Canary Islands Prime Minister, Sr. Fernando Clavijo, recently announced that a 99% reduction for succession and gift tax would be introduced for children and spouses. This is good news for all Canary Islands residents, as the region has currently one of the highest succession tax burdens in Spain. In fact, succession tax can be so punitive that the ...Full Article
Canaries play leading role as Caixa unveils its new HolaBank concept
The Canary Islands are playing a major role as CaixaBank launches HolaBank in a bid to establish itself as leader among international clients in Spain. The new customised service ...Full Article
99% reduction on succession and gift tax announced by regional Canary Islands’ government
On 6th July 2015, Sr. Fernando Clavijo, the new Canary Islands Prime Minister announced in his acceptance speech that a 99% reduction for succession and gift tax will be ...Full Article
Don’t let your dream home get swept away by Spanish Inheritance Tax
If you own a property in Spain, then you need to read this article… Most owners are not aware that their beneficiaries and their estate may have to pay ...Full Article
The Spanish property inheritance tax time bomb
Many property owners in Spain are sitting on a ticking Inheritance Tax (IHT/ISD) time bomb. Most are not aware that when they purchase their “dream” property that they are ...Full Article
Spain and offshore assets
As the Spanish government seeks to increase tax revenue, it has set its sights firmly on offshore assets. This particularly affects expatriates living here as they tend to ...Full Article
No hiding place
We have been talking about the global crackdown on tax evasion and undisclosed off-shore assets for years, but this year has seen significant developments. Global leaders are endorsing ...Full Article
The new tax reporting landscape in Spain
Earlier this year, for the first time, Spanish residents had to declare all their overseas assets worth over 50,000 euros. You had to submit Form 720 by 30th ...Full Article
Are your funds suitable for you?
There are thousands of investment funds available to invest in. Besides the traditional ones which invest in equities, bonds and real assets, you may come across alternative opportunities ...Full Article
Jersey to end banking secrecyfor EU residents
Jersey is to drop the withholding tax option under the EU Savings Tax Directive. It will be mandatory for financial institutions to automatically exchange information on their clients’ ...Full Article
