Tax planning
Tax planning can be a complicated area. This is particularly the case for expatriates that have relocated to Spain as they need to navigate to separate tax systems.
Making sense of your tax obligations can be difficult at the best of times, so, when you add in the extra complications of a foreign tax system and a language barrier, it is not hard to see how this becomes a minefield for the expat community. By working with me you can be certain you are meeting all your responsibilities, ensure you are paying tax in the right place(s), and protect your wealth from unnecessary costs. If handled correctly, living in Spain brings with it some interesting opportunities for tax optimisation.
At this point it is worth highlighting that being unaware of your obligations is not a legitimate reason for incorrectly declaring your taxes. Failure to declare accurately can result in severe financial penalties or even prosecution in some cases, so be sure your affairs are handled correctly.
Taxation of expats in Spain
Unfortunately, many expats living in Spain do not realise that they may be liable to tax in both countries, regardless of the length of time they have been living in Spain or their tax residency status. Whilst double taxation regulations prevent them from being charged twice, it is essential that expats understand their tax obligations in both their home country and Spain to avoid nasty surprises further down the line.
If are currently living or Spain, or planning to move here in the near future, then you should seek specialist tax advice. Tax is a delicate and complex subject, and having the right knowledge, experience and attention-to-detail is of utmost importance. Any mistakes can lead to serious consequences for you and your family.
We can help you to:
- Meet your tax obligations with the minimum of fuss
- Prevent you paying any unnecessary tax amounts
- Ensure your declarations are accurate and submitted correctly
- Identify the most tax-efficient structure for your assets
For a no-obligation assessment on your personal situation, feel free to book a relaxed, no-obligation call using the button below.
For a more detailed look at the Spanish tax system for UK expats in particular, you can read our free guide by clicking the button below.
