Tax planning for Spain
It’s always been important to get the right tax planning. Whether you are talking about UK tax, Spanish tax or any other form of international tax around the world, you need it to be the right hands. Tax changes happen all the time and it’s hard to keep up.
The implications of bad financial planning are clear. You want to make sure that you are protecting your wealth, pension and your future. That’s why expert guidance is vital to make sure you’re getting the most out of your money.
The key considerations
They are factors that are similar in a lot of tax law but you have to know the differences. Any tax arrangement that you have needs to be fully compliant with Spanish law. This includes the declaration of your assets and income.
The arrangements that you make can’t be standard. Everyone has different requirements and you need to make sure that they are suitable for you. That way you will ensure that you get all tax benefits you can and you aren’t missing out.
Knowing the law
The Spanish authorities have taken a stronger grip of tax regulations in the last few years. All assets and income need to be fully declared. This makes it much easier for them to spot any discrepancies that might be occurring.
Bad financial planning can lead to errors being made. That is both in terms of correctly declaring what you need to but also maximizing benefits. This is where it’s vital to work with a firm who are experts in that area. That way you’ll have confidence that not only your money but also your reputation is being protected.
Let us do the hard work
When someone mentions tax, there are usually a few eye rolls and a yawn. Not only do people hate seeing their money drain away but it can also be a complicated subject. For Del Canto Chambers, however, it’s our opportunity to provide a vital service.
Whether it is life assurance, bonds, assets or real estate, you need an expert international tax planning. If you need the best possible guidance, then contact us today to see how we can make your Spanish tax work in the most efficient way possible.
Claudio Rodríguez Vera
Del Canto Chambers