Spain to increase income and wealth tax
‘This will push UHNW retirees and investors to look at other more favourable jurisdictions’
‘This will push UHNW retirees and investors to look at other more favourable jurisdictions’
183 days remains the threshold even if people were unable to leave the country
Key drivers were ‘thorny issue of passporting’ and long-standing relationships with IFAs
It relates to image rights earnings during his time in Spain
He has been sentenced to six months in prison but will not spend time in jail
Prosecutors will reportedly ask for six-month prison sentence and a fine of more than €500,000
The country has been one of the worst hit by the pandemic in Europe
Jesús Quintanal passed away on 31 March 2020
Shows ‘intention’ to increase taxes paid by wealthy and ‘restrict’ financial planning opportunities
Pressure now on UK tax advisers as they have a legal obligation to ensure clients are fully compliant
He faced up to five years in jail and a €4m fine
Investor may be allowed to gain permanent residency by buying property worth €500,000