Key Changes in Spain’s Estate Tax Laws 2024 – How You Benefit | abcMallorca

Do you wish to make Mallorca your main home, but feel nervous about becoming a tax resident in Spain? Landmark 2024 changes in Spain’s estate tax laws could in fact greatly benefit you.

Join Dr. Helen Cummins as she meets with Cathal Rochford from Blevins Franks to talk about how to navigate the recent important changes.

Retaining tax resident status in the UK can be highly inefficient, as you may end up paying inheritance tax at a rate of 40%. Legally-compliant restructuring could mean you no longer pay UK inheritance tax nor Spanish succession tax. Optimise and minimise the taxes applicable to your estate, and leave the vast majority of your wealth to your family, children and grandchildren in a timely and efficient manner, with Blevins Franks.

If you’re looking to move to Mallorca from the UK, or already live here, talk to Blevins Franks today about making sure your finances (as well as taxes and immigration status) align with the current laws in place.

0:00 Recent Changes to Mallorca's tax laws
00:23 Meeting Cathal Rochford and Blevins Franks
00:44 What Blevins Franks offers
01:09 Cathal Rochford's experience in Mallorca and wealth management
01:48 Who can Blevins Franks help?
02:04 How Brexit impacts UK nationals wanting to move to Mallorca
03:07 The importance of a dual-regulated finance advisor for UK nationals moving to Europe
03:38 Pension planning
04:09 How Blevins Franks helps clients move to Mallorca
04:54 Restrictions and concerns brought on by Brexit
05:11 How Blevins Franks helped a client navigate worries about becoming Spanish tax residents and the 90 day rule
05:35 Financial planning to optimise taxes when moving.
06:19 Helping clients achieve their lifestyle goals while improving their financial situation
06:37 Closing remarks
06:52 Get in contact with Cathal at Blevins Franks!

Find out more about Blevins Franks here:
https://www.helencummins.com/client/b...

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Video by Jonatan Barzola & Lidija Namike