Finance Archives - Page 3 of 4 - Spain Property Guides

Tax and finances post Brexit: Focus on Spain

This week, our expert Spain financial planning and tax adviser partner shares their thoughts on the implications of the Brexit vote on your finances when living in Spain.

One Million Bank Accounts Closed by Spanish Banks

Bank accounts in Spain are being closed down. What do you have to do to make sure this doesn’t happen to you?

Focus on Inheritance Tax and Legalities

We asked Spanish property experts for their thoughts and guidance on the effects of Brexit for expats and property buyers in Spain. What are the effects on inheritance? EEA citizens currently pay the same inheritance tax as locals in Spain, however, as these double-taxation treaties are not created by the EU, Brexit should not affect these UK-Spain tax agreements. So, the reassuring news is that nothing will really change over the next two years. The main implication of the Leave decision that you need to be concerned with in the short term is the effect on exchange rates, and therefore your s

Enjoying summer with an eye to your wallet

How can you enjoy your summer in Spain without spending a fortune? There are simple ways to save your money which we list below. Summer has arrived in Spain and we usually find we spend more at this time of year. Perhaps you will have a couple of ice creams a day, or will go out to eat more often or visit new places? Snacks on the beach, live music, fiestas all contribute to a larger than normal outlay. We suggest a few ways to save money while still having fun.

How much does it cost to live in Spain compared to the UK?

It’s so important to get an idea of how much the everyday items you need to maintain your life, such as groceries and utility bills, will cost once you arrive in Spain. This week heralds the annual Cost of Living survey, comparing the cost of living in Spain to what you may be used to in the UK. We used the exchange rate GBP/EUR: 1.28 from 18th May 2016.