For the third consecutive year, Spence Clarke had the honor of sponsoring the Battle Back Golf charity events held in Spain. Alistair, Susan, and Miguel Ángel had the privilege of participating in this special occasion, playing alongside wounded and sick men and women from the Armed Services. For these individuals, golf—and sports in general—acts as … Read more
A brief article on UK families moving to Spain for the private eductation of their children, now that the Labour Government is attacking private education
I will never forget when, many years ago, Alistair Spence Clarke showed me how to set up a UK limited company when sitting at the boardroom of our Marbella office, using a laptop and a credit card and… bang! A UK company was set up after 30 minutes work and it was up and running … Read more
The tax regime introduced as part of the Nomad Visa has much wider application to those moving to Spain to live and work and does not just benefit online workers.
There is no automatic obligation to file an M720 each year, so if you declared the ownership of a foreign assets in a previous year you may not need to follow this painful process this year. However, if there have been any changes to the foreign assets you own, you may have to file again. … Read more
Self employed persons (autonomos) and small companies represent 95% of the Spanish economy. In particular, autónomos are very relevant to the growth of the Spanish economy although there have been very few incentives to stimulate the creation of small business from a tax and social security perspective. The Spanish Government made a timid effort in … Read more
As part of the recent agreements of exchange of tax information subscribed by Gibraltar for cooperation in tax matters, the Gibraltar financial institutions will be reporting to the Spanish tax office the relevant tax information of all their account holders, including income on earnings, tax withheld and tax residency status. The first reporting will take … Read more
Picture the scene: with youth unemployment in Spain currently hovering around the 50 per cent mark for under 25s (source Eurostat), you decide to give your son a helping hand by letting him set up business in an empty shop you happen to own. As he is your child and you don’t need the money, … Read more
“In this world nothing can be said to be certain, except death and taxes.” So said American founding father Benjamin Franklin but, in the case of Spain, such a view could be seen as a little simplistic. Yes, everyone dies at some point and then inheritance tax will be due, but how much and where it … Read more
The Spanish Government recently announced new measures to fight against the black economy in Spain, unofficially 28% of the Spanish GDP. Who are the targets and will these measures work? The Spanish Government recently published the action plan to be carried out by Spanish tax inspectors during 2014 to reduce the Spanish black economy. This … Read more
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