By Euro Weekly News Media • 20 August 2020 • 13:02
By Sam Kelly,
It seems that more and more of you are now willing to take the ultimate step and commit to a full-time move to Spain. Such a move will inevitably include consideration of your financial affairs and how best to structure elements like your savings, investments and pensions for life in Spain.
Easily the biggest factor that has prevented many of you becoming full-time residents is your fear that elements like income tax, Spanish Wealth Tax and inheritance tax will be such a big burden that the move simply isn’t worth it.
From my experience of around 1,000 financial planning meetings with Brits here in Spain, one thing that does stand out, is that more often than not, with some robust and high quality financial planning, most of the immediate tax concerns can be addressed. Even more complex areas like Wealth and Inheritance Tax can be resolved to the point that clients are comfortable enough to make the full-time move.
So, what are the key considerations for Brits moving to Spain?
If you are one of those many Brits considering committing to Spain in 2021, then please do get in touch for a free financial consultation. You can contact me direct on 0034 664 398 702, [email protected] or visit www.chorusfinancial.es for more information.
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