Brexit effect for property owners in Spain

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THE UNITED KINGDOM’S decision to leave the European Union has raised important questions in regards to how such a move will affect British buyers of property in Spain or current Spanish property owners.

As a member of the Association of International Property Professionals, Wincham is made up of qualified Lawyers, Tax Consultants, Accountants, Gestores (qualified Legal Assistants) and Economists.

Using the skills and experience of its staff, Wincham is monitoring the situation very closely and will continue to be at the forefront of events as they develop, offering support and expert advice to new and existing clients. It must be noted that Spain has a long history of welcoming overseas buyers, so Brexit is unlikely to impact the rights of British citizens. Spanish property remains excellent value for money. What’s more, trade treaties have operated between the UK and Spain for many years and existed long before the UK’s entry into the EU during 1973.

With offices in the UK and Calpe, Spain, Wincham specialises in helping clients purchase, own, inherit and sell Spanish property either privately or within a UK limited company structure.

Purchasing Spanish property within a UK Limited Structure can provide a number of benefits including:-

· Possible reduction of the 6-10% Property Purchase Tax on Resale Purchases

· Spanish Inheritance and Wealth Tax savings

· No 3% annual Off-Shore Company Tax

· No Spanish Will and Probate required

· Reduction in potential future Capital Gains Tax

Wincham can provide a range of services to make the process easier, including 24-hour UK Company formation, and couriered documents to the UK and Spain. Wincham can also act as your Spanish lawyers to complete due-diligence and searches on the property or land.

Visit www.winchamukcompany.com if you’re a buyer looking for more information on Spanish property. Visit www.winchamiht.com to receive a free Spanish Inheritance Tax illustration, demonstrating the potential liabilities to your Beneficiaries when inheriting Spanish assets. You can also watch the Wincham four minute online video regarding tax efficient property ownership.

If you have any questions regarding privately buying or selling a property, or have any Legal, Accounting  or Taxation requirements, visit the Wincham website www.wincham.com or call one of our trained Wincham Consultants +44 (0) 1260 299 700 (UK), or 0034 965 830 991 (Calpe, Spain).

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