Living in Spain? Avoiding the Tax nightmare?

Do you own Spanish property?

Will you be domiciled in the UK or domiciled abroad?

It is easy to over look the implications of Spanish law and taxes, and how this may affect your future heirs and the value of your new Spanish investment.

Are you aware the Will you have may not give you the protection you thought you had overseas?

Are you domiciled in Spain? If so you will be liable to Inheritance Tax in Spain. Unlike the UK this is payable after the first death at rates between 7.65% and 34% and must be paid within six months of death. Also unlike the UK there is no exemption between husband and wife.

It is therefore vital for Spanish property owners to seek expert tax and financial advice and have the right arrangements and services in place.

Kellands (N.I.) Ltd has recently, received it's passport from the Financial Services Authority which allows it to give financial advice in other EU states.

If you are moving to Spain, considering buying in Spain or already have your dream home please get in touch.

Kellands (N.I.) Ltd has recently appointed Paul Kirwin as our manager in Spain. Paul has many years experience in dealing with both property and financial services in Spain, and he would be delighted to help you ensure you have all the right preparations in place for your future.

Please contact us for further details.