Have you seen 21-year-old Thomas Dures?
Have you seen 21-year-old Thomas Dures?
The new government will introduce a new Pensions Scheme Bill
The new government will introduce a new Pensions Scheme Bill.
What does the new UK government mean for pensions?
Until a tax or pension change is announced, we can only speculate what will happen in the ever-changing world of politics.
Two British flags fly in front of Big Ben in London
Two British flags fly in front of Big Ben in London.
Your money needs to last as long as you do, so having a financial planning road map is important
Your money needs to last as long as you do, so having a financial planning road map is important.
Protect your pensions and retirement savings for the long-term
Pensions are key for our long-term financial security, but they’re complex.
One rule for them, another for us
Since I’ve lived in Mallorca for two decades, I don’t feel that what’s going on in the UK is my business.
How investment capital and income is taxed in Spain – Part 2
If you transfer or sell cryptocurrency, any gains would be subject to Spanish capital gains tax at savings income rates ranging from 19% up to 28%.
How investment capital and income is taxed in Spain
An approved life assurance policy, where you hold your choice of investments within its ‘wrapper’, can provide tax advantages in Spain.
Do you need to submit a Modelo 720 this year?
Assets are valued using the wealth tax rules as at 31st December each year. For bank accounts you also need to declare the average balance over the last three months of the year.
Balearics reduces wealth tax
In welcome news, the government of the Balearics autonomous region announced significant changes to the wealth tax allowances in December.
Theme of the Week
The Balearic government is spending almost 100% more than it did ten years ago
The bill for the 2024 budget was in danger of being thrown out, as Vox held out for certain pet demands. One of these was a sum of 20 million euros for the so-called free choice of language in education.
Resolve to review your financial planning for 2024
If you do not already have a financial plan in place for Spain, take a fresh look at your savings and investments.
Spain extends some anti-inflation measures into 2024
Spain on Wednesday extended a slew of measures designed to help people cope with high costs of living into 2024, even as the rate of inflation slows.
Is 2024 the year you consider downsizing your property?
With today’s increased life expectancy, you may need your existing wealth to stretch long into retirement.
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.
- What a carry on! European Union abandons full launch of new travel entry system for Britons in favour of "phased rollout"
- Update: Royal Navy submarine dives into a storm in Spain
- After a holiday in Mallorca Richard Gere moves to Spain
- Laura Hamilton: “I’ve always loved Mallorca, I just wished I’d bought here earlier...”
- The 90 day rule does have some positive results in Spain!
Comment
Thank you and goodnight Tories
“What a complete disaster Brexit has been for expats and second home owners in Spain...”
Jason Moore12/07/2024 09:19