Spain abuses Beckham Scheme users
Spain’s tax inspectors accused of being unreasonable and abusive towards Beckham Law beneficiaries in an advertisement published in the Financial Times of the UK. An action group is being organised.
Probation periods: Employers take care!
When it comes to the probation period in employment, things aren’t always black and white. This initial phase lets both employer and employee size each other up and decide if they’re a good fit for the long haul. While generally either party can walk away without giving a reason, a few guidelines should be kept … Read more
BATTLE BACK FESTIVAL OF GOLF 2024
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
The new UK Labour Government – what now for the wealthy and those who just want to provide their children with a private education?
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
New measures to speed up the set up of companies and electronic signature of notary deeds.
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
Spain’s new expatriate TAX regime (also known as the Beckham scheme, the Nomad Visa etc)
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.
I filed a M720 last year. Do I have to file again this year?
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
A New Law for the Self Employed (Autonomos) in Spain
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
The New Obligation of Gibraltar Financial Institutions to Provide Automatic Exchange of Tax Information to The Spanish Tax Office
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
Taxing a rent free commercial property
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
