Living in Northern Spain gives the best of both worlds - Well defined seasons, long warm summers and enough rain to make the landscape green and lush all year round. Add to that a reputation for being one of the best culinary regions in the Iberian peninsula plus fantastic mountain scenery and pristine beaches then one can see the attraction to expatriates who make it their home. However, it is important to be aware that the fiscal and tax laws in Spain are quite different from those of Northern Europe in general. Especially in terms of savings, investments and pensions. For example such structures as the UK ISA have no relevance in Spain as they are exclusively for UK residents and therefore attract a full tax liability in this country. Likewise a portfolio bond set up in the UK would not be compliant in Spain and would also be fully taxable at source. Then there are other issues such as inheritance tax (IHT) in your country of birth where you are still likely deemed domicile (you can't lose this by changing country), mitigating Spanish liabilities such as wealth tax and what to do about the Modelo 720 overseas asset declaration law in Spain. This is where we come in. When it comes to financial planning, we believe it is vital to seek out the advice of a qualified, regulated professional and independent financial adviser with expert knowledge of the Spanish system. Whether you have existing pensions and investments or are new to the world of wealth management, please feel free to contact us for a free, no obligation consultation.

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