Depending on a taxpayer’s circumstances, there are legitimate ways to avoid or limit the wealth tax. I focus on 10 of these opportunities. These or other solutions are rarely used in an isolated fashion; rather, they are usually used in combination. It is of the utmost importance for taxpayers to always consider any specific or general antiavoidance rules when crafting a wealth tax strategy.
The Supreme Court, under Judgement 242/2018, of February 19, 2018, has stated that it is unlawful the difference in the tax treatment applied upon a gift or intheritance involving residents outside Spain or another EU/EEA member State. After the 2014 Judgement of the Court of Justice of the European Union (case C-127/12 of September 3, 2014), the Spanish Inheritance and Gift Tax Law was modified in order to let the EU/EEA residents apply, as from year 2015, the specific Autonomous Community legislation as applied to Spanish tax residents. This could…
The purpose of this newsletter is to discuss possible and potential claims that the clients of Banco Popular, S.A. ("Banco Popular"), both bondholders and shareholders, can file for the loss of value of their securities. As is already known, after the stock market collapse of Banco Popular on 7 June 2017, the Fund for Orderly Bank Restructuring ("FROB") reported the sale of Banco Popular to Banco Santander, S.A. ("Banco Santander") for one 1 Euro. This decision was adopted by the Single Resolution Board ("SRB") after the financial institution was declared…
With Article 50 triggered at the end of March 2017 and the UK on the path to leaving the European Union, despite the continuing uncertainty, What are the issues that Spanish or UK individuals and corporate groups relocating or doing business in Spain or the UK should be considering?
We are glad to announce that, thanks to the trust placed on us by our clients, our partner Carlos Gabarró has again been ranked as a leading tax advisor in Spain. This recognition has been given by Chambers & Partners, the truly reputable international Directory prepared in the UK after exhaustive interviews to clients and competitors. Congratulations Carlos!
Great event in Barcelona, where our managing partner Carlos Gabarró has been a panelist together with some friends at the largest local tax practices. Thanks again to the event organizers for having our Firm name placed so well! ABA/IBA/IFA Congress "17TH ANNUAL TAX PLANNING STRATEGIES U.S. AND EUROPE".
As a result of the recent political change in the U.S., there are multiple plans of the Republican Government being currently debated. A reduction of the federal corporate tax rate, tax incentives to boost domestic investment and promoting exports “made in the USA”, a relaxed regime for offshore profits repatriation plus several other measures.
Spain is one of the highest ranked countries in the world in terms of quality of life. For many, Spain is the Florida of Europe. However, high net-worth individuals (HNWI) should carefully consider their tax implications when relocating to the Country.