Tax insights, expat regime, foreign structures, real estate and solar projects
- Planning strategies for HWNI individuals willing to move to Spain or already living there
- Consequences of certain structures involving trusts, foundations and life insurances
- Tax planning and structuring of investments in Spanish real estate and solar projects
Andreu Bové, Partner, Head of the tax department, Bové Montero y Asociados, Madrid
9.00 Tax strategies for HNWIs moving to Spain
Spain is an attractive destination for manyHNWI who wish to live there. A correct under-standing of the Spanish tax consequences is keyto benefit from the existing opportunities andto avoid falling in unnecessary and costly situ-ations. A proper pre immigration planning iskey when dealing with cross border estate andwealth planning of these individuals.
During the session we will review the main planning strategies for HWNI individuals willing to move to Spain -or already living there – and will discover how HNWI can benefit from the current special expat regime (“Beckham regime”). We will review the latest case law and binding tax rulings, as well as the Spanish tax authorities’ current approach to these and other matters, such as the day count for tax residency purposes, the validity of tax residence certificates from foreign jurisdictions, family business regime, etc. In addition, we will analyze the consequences of certain structures involving trusts, foundations and life insurances and how a proper asset allocation strategy can pro-vide significant tax savings.
10.30 Coffee break
11.00 Tax Implications in Spanish Real Estate & Solar Investments
Real estate or solar projects in Spain, be it a luxury villa in Mallorca, a residential building in Madrid or a photovoltaic project in Andalusia, are attractive investments for many foreign wealthy individuals and institutional investors.
During the session we will discuss the main Spanish tax issues regarding these investments, with a focus on the direct and indirect taxes affecting the acquisition, maintenance and sale of residential, commercial and solar projects in Spain. In this section we will also review the hot topics and current trends on case law and the tax authorities’ position on the structuring of these projects.
12.30 End of the seminar
SPEAKERS
Andreu Bové, Partner, Head of the tax department, Bové Montero y Asociados, Madrid
Andreu Bové is a partner and head of the tax department at Bové Montero y Asociados, a firm with 150 employees and 5 offices in Spain. He previously worked during 5 years in the tax department of Cuatrecasas in Barcelona and during 3 years at Anaford, an international tax law firm based in Zurich. He obtained a double degree in Business and Law and holds an LL.M. in Taxation. His practice mainly focuses on foreign groups doing business in Spain and high net worth individuals living or with interests in Spain. Andreu regularly advises clients on international taxation matters, M&A and real estate transactions, wealth and succession planning, tax audits and litigation cases and voluntary disclosure programs. Andreu speaks fluently German, French, Italian, English, Spanish and Catalan.
Unlocking wealth in Spain for HNWIs
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