Tax updates on moving/investing in Spain from the UK

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 re-examining their personal tax and legal situation as well as their investments.

As advanced measures and planning is required in these cases, we will hold a webinar addressing what an individual, whether entrepreneur, investor, director, asset manager, etc., should take into account when either leaving the UK or, when adjusting the time they will remain in the country and periods they will be abroad. We will also look at considerations when restructuring 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. We will look at 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 Parkinson and Juan Martinez, Tax partners at Grant Thornton UK and Spain respectively, will give guidance on the practical aspects to consider for relocation or cross-border investments.