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You expect professional investment advice when you invest for the future!

March 14, 2019

When you move abroad the first thing you need to do is throw away the notion that you can keep all your” tax efficient” investments that you have built up in the UK and that they will somehow remain tax free. You need to take some proper advice to ensure that you don’t end up as many expats unfortunately do holding investments and savings that are tax efficient back in the UK but that have no value when it comes to Spanish tax planning. Fortunately help is at hand, Fiduciary Wealth have been advising expatriates how to structure their investments in the most tax efficient way for many years.

Born out of Gibraltar’s oldest legal practice Isolas’ 1892 and part of the Fiduciary group of companies who have been offering financial solutions throughout the Iberian peninsula since 1982, Fiduciary Wealth has professionally qualified advisers who can help you make the most of your savings and investments. Regulated by the Financial Services Commission in Gibraltar and authorised by the Financial Conduct Authority in the UK where there is a branch office close to Oxford Street in central London, Fiduciary Wealth has been at the forefront of offering quality investment advice to expatriates helping them make the right choices and managing their investments on an ongoing basis.

The first requirement for any adviser is to get to understand you and your objectives as well as review the investments you already have. It is very important that you deal with an adviser who knows the tax rules in the UK and the range of investment products that expats may have accumulated. Seems logical but you would be surprised how many so called specialists don’t understand what ISA’s and UK bonds are and how they are taxed in different jurisdictions. Equally as important your adviser needs to understand you and your objectives and priorities, for example are you looking to maximise your income in the most tax efficient way possible or do you just want to preserve your benefits for future generations. These are key questions that that will help determine the most suitable investment arrangement for you. The good news is that there are genuine tax efficient ways of investing when living in Spain.

Most importantly you need to be aware that there is increasing co-operation between tax authorities in Europe and in Spain for example there is a requirement by the authorities that you report overseas assets by way of an annual declaration. You should understand that there is no longer an opportunity to “hide” assets in offshore banks or companies or trusts. Undisclosed assets are on the radar of all governments as they seek to chase undeclared income or capital held in secret. We can provide you with investment solutions that will stand up to the scrutiny of any tax investigation.

Why not make an appointment to discuss your investment requirements with one of our qualified advisers. Call Tel: 956796911 or email .