UK & Spain Tax Implications

As a result of recent tax changes not only in the UK non-dom regime but also some other countries within Europe, many individuals and families are considering to adapt their personal tax and legal situation as well as the one for their investments in a different manner.

Conscious that a proper (global, not only domestic) advanced measures and planning is required in these cases, we will hold a webinar addressing many aspects and items that any single individual, whether entrepreneur, investor, director, asset manager, etc., should take into account when either leaving the UK or, if not leaving, adjusting the time they will remain in the country and other periods that they will be abroad but mainly restructuring their investment and assets held in the UK and/or abroad.

This time, we will focus on Spain (vis-à-vis UK), a country that has been historically receiving investments, whether directly or indirectly, and individuals from the UK, and where there are certain synergies but also mismatches, in tax residence timing aspects, inheritance tax basis, and clashes between common law and civil law aspects affecting taxation.

Please note that wealth taxation and property anti-abuse rules may be applicable in certain cases unless investors organize and arrange in a proper manner.

Our experts, Nicolas Parkinsson and Juan Martinez, Tax partners at Grant Thornton UK and Spain respectively, will give guidance on the most tax and practical aspects to bear in mind in this relocation or cross-border investments.