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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 introduced for relatives in groups I and II (children and spouses). Furthermore, on 16th July 2015, Sra. Rosa Dávila, the Canary Islands regional tax minister, confirmed that this measure will ...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

Do you still have UK investments?

  The news that the prize money from UK Premium Bonds has been cut is a useful reminder for British expatriates that they should review their investments now that ...Full Article

The beginning of the end for Tax Havens

  Over the last 10 years or so, we have reported on a number of new initiatives to clamp down on offshore tax evasion.  The Savings Tax Directive in ...Full Article
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